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This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the...
Persistent link: https://www.econbiz.de/10012463376
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10012457321
development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we … and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the … poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse …
Persistent link: https://www.econbiz.de/10010522996
incidence of economic harms during the COVID pandemic. We observe a sharp spike in poverty, peaking during India's sharp but …
Persistent link: https://www.econbiz.de/10012794624
This paper investigates the impacts of macroeconomic activity and policy on the poverty population. It is shown that … both the poverty count and the income share of the lowest quintile of income recipients move significantly with the … structure. Special attention is given to changes in the poverty rate over the past decade and to prospective changes in the …
Persistent link: https://www.econbiz.de/10012477518
impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess … the success of current efforts. We construct new measures of the income distribution and poverty with a lag of only a few …, government policy effectively countered its effects on incomes, leading poverty to fall and low percentiles of income to rise …
Persistent link: https://www.econbiz.de/10012481277
The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala …-i-Martin (2009), we estimate income distributions, poverty rates, and inequality and welfare indices for African countries for the … period 1970-2006. We show that: (1) African poverty is falling and is falling rapidly; (2) if present trends continue, the …
Persistent link: https://www.econbiz.de/10012462876
World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 … of the global poverty count in 2006 are much smaller than found by other researchers. We also find similar reductions in …
Persistent link: https://www.econbiz.de/10012463216
knowledge. This simple idea can inform cross-country income differences, international trade patterns, poverty traps, and price …
Persistent link: https://www.econbiz.de/10012464508
, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force …, we find no evidence that SMEs alleviate poverty or decrease income inequality …
Persistent link: https://www.econbiz.de/10012467461