Showing 1 - 10 of 66
We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model in which agents differ in their initial capital endowment. The endogeneity of the labor supply plays a crucial role in determining inequality, as tax changes that affect hours...
Persistent link: https://www.econbiz.de/10008794135
inference with poverty indices is satisfactory. We find that the major cause is the extreme sensitivity of many inequality …
Persistent link: https://www.econbiz.de/10010750903
The starting point of this paper is given by country situations where trade liberalization is expected to be poverty … and inequality alleviating in the long run while inducing a short run increase in poverty or in inequality. The question … trade policies within a global policy framework so as to enhance growth and reduce poverty and inequality. The method …
Persistent link: https://www.econbiz.de/10008805102
Using tariffs as a measure of openness, this paper finds consistent evidence that the conditional effects of trade liberalization on inequality are correlated with relative factor endowments. Trade liberalization, measured by changes in tariff revenues, is associated with increases in inequality...
Persistent link: https://www.econbiz.de/10008805113
Integration to world markets is expected to help developing countries to access prosperity. At the same time, increasing opportunities to trade are likely to affect income distribution and whether or not increasing openness to trade is accompanied by a reduction or an increase inequality is...
Persistent link: https://www.econbiz.de/10008805959
We derive a mesoscopic description of the behavior of a simple financial market where the agents can create their own portfolio between two investments alternatives: a stock and a bond. The model is derived starting from the Levy-Levy-Solomon microscopic model using the methods of kinetic theory...
Persistent link: https://www.econbiz.de/10008794299
This paper proposes a unified framework for the analysis of inequalities. In contrast to the former literature on inequalities, housing is included as a major determinant of individual saving behavior. Disparities across locations affect individual outcomes in both labor and education markets....
Persistent link: https://www.econbiz.de/10010899866
Since the 1990s, poverty and the ways to reducing it have become a central paradigm in development economics, not only … theme of research in development economics, by poverty and its reduction, together with an expansion of the meanings of the … concept of poverty. The key points of the paper are that this shift represents a crucial turning point in the conceptual …
Persistent link: https://www.econbiz.de/10009372663
French but also European economies are driven by micro, small and medium enterprises. However, evidence shows that micro-enterprises, representing 99 per cent of all newly created businesses, suffer from a lack of external resources, especially those created by socially excluded persons....
Persistent link: https://www.econbiz.de/10009368025
This paper questions the Lewis Path perspective of a "world without agriculture" which underpins the "structural transformation" paradigm of "modern growth." It shows that the Lewis Path is only one of four potential structural paths, and that half of the world's population is spiralling into a...
Persistent link: https://www.econbiz.de/10010738957