Showing 1 - 10 of 18
This paper describes the empirical regularities relating fiscal policy variables, the level of development and the rate of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main findings are: (i) there is a strong association...
Persistent link: https://www.econbiz.de/10012474446
The path of income inequality in post-reform China has been widely interpreted as "China's Kuznets curve." We show that the Kuznets growth model of structural transformation in a dual economy, alongside population urbanization, has little explanatory power for our new series of inequality...
Persistent link: https://www.econbiz.de/10012616646
This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the recent growth literature: human capital accumulation and technological progress. Our model economy does not create new technologies, it simply adopts those that have been created...
Persistent link: https://www.econbiz.de/10012474251
In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing the potential trade-offs, the paper asks whether...
Persistent link: https://www.econbiz.de/10012660061
Low response rates among rich households are thought to be a serious problem in many applications using household surveys. The paper discusses the various ways the problem can be dealt with, and makes some recommendations for practice, including in developing countries. Under certain conditions,...
Persistent link: https://www.econbiz.de/10012585374
Thirty years of distributional data are used to study the short-term impacts of popular macroeconomic indicators on real household incomes from the poorest to the richest Americans. The appropriate weights on unemployment versus inflation vary across the distribution. The unemployment rate...
Persistent link: https://www.econbiz.de/10012599340
Not much is obvious about how socioeconomic inequalities impact the spread of infectious diseases once one considers behavioral responses, correlations among multiple covariates and the likely non-linearities and dynamics involved. Social distancing responses to the threat of catching COVID-19...
Persistent link: https://www.econbiz.de/10012481404
Politicians may use disguised' redistributive policies in order to circumvent opposition to explicit tax-transfer schemes. First, we present a theoretical model that formalizes this hypothesis; then we provide evidence that in US cities, politicians use public employment as such a redistributive...
Persistent link: https://www.econbiz.de/10012472067
Current global inequality measures assume that national-mean income does not matter to economic welfare at given household income, as measured in surveys. The paper questions that assumption on theoretical and empirical grounds and finds that prominent stylized facts about global inequality are...
Persistent link: https://www.econbiz.de/10012453536
It is sometimes argued that poorer people choose to work less, implying less welfare inequality than suggested by observed incomes. Social policies have also acknowledged that efforts differ, and that people respond to incentives. Prevailing measures of inequality (in outcomes or opportunities)...
Persistent link: https://www.econbiz.de/10012457274