Coleman and Manna (2000) argue that campaign spending boosts the quality of
democracy by increasing citizen knowledge about and affect toward candidat
es. If politically and socially advantaged groups disproportionately captur
e these knowledge benefits, however, then campaign spending merely perpetua
tes political inequality. Examining challenger and incumbent spending in 19
96, I estimate the distribution of campaign spending benefits and find that
these benefits are distributed broadly across advantaged and disadvantaged
groups. In this regard, campaign spending is a democratizing force.