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It has been noted that failure to meet the target set by government for reducing the head count ratio of child poverty … argument that absolute poverty is not a meaningful idea, this apology for the failure of government to meet poverty targets … also misses wider problems embedded in recent trends in the household income distribution. For example, inequality measures …
Persistent link: https://www.econbiz.de/10005134612
. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have … aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …
Persistent link: https://www.econbiz.de/10005555988
(if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … poverty solely and not with inequality is internally inconsistent. …This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed …
Persistent link: https://www.econbiz.de/10005076936
households) in the sample villages is below poverty line (at Rs. 400 per capita per month). On the other hand, no more than 39 ….5 percent of the people (and 37.36 percent households) is likely to stand under the poverty line (at Rs. 425 per capita per ….31. The prime reasons of poverty are excessive dependence on primary sector, disguised unemployment, poor development of …
Persistent link: https://www.econbiz.de/10005407795
of labour is near- zero and productivity of land provides only subsistence. Poverty keeps consumption and savings low …
Persistent link: https://www.econbiz.de/10005407862
in the social spirit and prowess, so much needed to benefit from globalization. Acute poverty is the major structural … links to the market. Poverty cripples the very foundations of these possibilities. Therefore, under the prevailing …
Persistent link: https://www.econbiz.de/10005119015
The ‘Cuban safety-valve theory’ explains sustained survival of Cuban socialism in part through the high levels of emigration, following Hirschman’s model of ‘exit’ undermining ‘voice’. The article argues that this remains insufficient in two important ways. Taking a closer look at...
Persistent link: https://www.econbiz.de/10005412486
This research develops a theory about the role of within-country income inequality leading to overtaking in economic … performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the … inequality, a less egalitarian economy follows a higher growth path in the short run, with a lower growth path in the long run …
Persistent link: https://www.econbiz.de/10005556070
The paper assumes a continuum of two period-lived agents; agents are identical except for the inherited income. Young agents optimally allocate their inherited income between consumption and investment in human capital in a stochastic environment. In the second period they receive a wage...
Persistent link: https://www.econbiz.de/10005556716
presently used in the Argentina universitary system). Assessment of the alternatives is performed over welfare, based on the … indicators of poverty, equality, equity (justice in the distribution) and the average levels of utility and wealth. Likewise, the … functions of welfare presented by Bentham, Rawls, Atkinson, Sen and Kakwani are also considered. The most remarkable results are …
Persistent link: https://www.econbiz.de/10005561294