Does inequality foster corruption?
Dutta, I. and Mishra, A., 2012. Forthcoming. Does inequality foster corruption? Journal of Public Economic Theory
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We investigate how inequality affects corruption and provide a new insight to the possible channels through which such effect may work. We favour an explanation based on a multi-market framework where corruption in one market (or sector) arises because of imperfections exacerbated by inequality in related markets. We demonstrate that even when an individual's ability to pay bribes and benefit from engaging in corruption are not affected by wealth level, greater (wealth) inequality will lead to an increase in corruption.
|Creators||Dutta, I.and Mishra, A.|
|Departments||Faculty of Humanities & Social Sciences > Economics|
|Research Centres||Centre for Development Studies|
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