Why did the west extend the franchise? Democracy, inequality, and growth in historical perspective

Citation
D. Acemoglu et Ja. Robinson, Why did the west extend the franchise? Democracy, inequality, and growth in historical perspective, Q J ECON, 115(4), 2000, pp. 1167-1199
Citations number
73
Categorie Soggetti
Economics
Journal title
QUARTERLY JOURNAL OF ECONOMICS
ISSN journal
00335533 → ACNP
Volume
115
Issue
4
Year of publication
2000
Pages
1167 - 1199
Database
ISI
SICI code
0033-5533(200011)115:4<1167:WDTWET>2.0.ZU;2-O
Abstract
During the nineteenth century most Western societies extended voting rights , a decision that led to unprecedented redistributive programs. We argue th at these political reforms can be viewed as strategic decisions by the poli tical elite to prevent widespread social unrest and revolution. Political t ransition, rather than redistribution under existing political institutions , occurs because current transfers do not ensure future transfers, while th e extension of the franchise changes future political equilibria and acts a s a commitment to redistribution. Our theory also offers a novel explanatio n for the Kuznets curve in many Western economies during this period, with the fall in inequality following redistribution due to democratization.