English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Does military spending exacerbate income inequality? After the Cold War, many developed countries sought to reduce military expenditures in the face of a new security environment without the clear and present threat of large-scale international conflict. The literature has presented mixed evidence on the economic effects of military spending. Moreover, during this era analysts in the OECD have become preoccupied with the economic indicator of income equality. Our study examines the relationship between military expenditures and income inequality. Complementing the established literature on the subject, we find that these two phenomena indeed possess a positive relationship and it is unlikely that this association is due to random chance. Our results are robust to the inclusion of control variables common in the literature. These findings lead us to contemplate the historical and theoretical account of the peace dividend narrative.

Military Expenditures and Income Inequality among a Panel of OECD Countries in the Post-Cold War Era, 1990–2007