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distribution in a long run perspective. The second one focuses on the inverse causality between inequality and growth. This paper … aims at reviewing this second view about the effects of initial inequality of income and wealth on future growth rate. The … theoretical literature suggests several channels through which inequality might be harmful for growth, namely three economic …
Persistent link: https://www.econbiz.de/10005413373
This paper contributes to the debate over the relationship between inequality and inclusive growth by testing the … proposition of a kinked-non linear relationship between income inequality and economic growth in a country specific context. The … existence of an optimal rate of inequality (ORI) that maximizes growth rates and releases the economy from any distortion …
Persistent link: https://www.econbiz.de/10010780742
We review the literature on the links between inequality, growth and welfare. Three questions are addressed: 1) What is … the impact of growth and development on inequality? 2) What is the impact of inequality on growth, development and welfare … impact of inequality on growth is twofold. Firstly, inequality fosters growth when this is based on capital accumulation, but …
Persistent link: https://www.econbiz.de/10011098375
the dynamics of income inequality in developed economies within the last 100 years. Our results indicate that the process … of income inequality consists of two equilibriums identifiable by high inequality, high income fluctuations and low … inequality, low income fluctuations. Our results also show that income inequality in the U.S. is the driver of income inequality …
Persistent link: https://www.econbiz.de/10011195797
-poorness, growth and inequality nexus, one needs at least a 3-parameter model of the income distribution. In this paper, we explore in …A widely accepted criterion for pro-poorness of an income growth pattern is that it should reduce a (chosen) measure of … poverty by more than if all incomes were growing equiproportionately. Inequality reduction is not generally seen as either …
Persistent link: https://www.econbiz.de/10009274352
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of …
Persistent link: https://www.econbiz.de/10009274353
In this paper we consider the main factors that have influenced inequality of opportunity (IO) in Europe. Based on the … IO and total inequality exhibit differentiated explanatory patterns, which signifies that means of redistribution that … serve to reduce overall inequality do not necessarily reduce IO. …
Persistent link: https://www.econbiz.de/10008495153
We investigate the pro-poorness of Australias strong economic growth in the fi…rst decade of the XXI century using … anonymous and non-anonymous approaches to the measurement of pro-poor growth. The sensitivity of pro-poor growth evaluations to … a multidimensional de…nition of poverty. We …nd that Australian growth in this period can be only categorized as pro …
Persistent link: https://www.econbiz.de/10011163075
lognormal world, growth is pro-poor in the above sense if and only if it is inequality-reducing. It follows that lognormality …A widely accepted criterion for pro-poorness of an income growth pattern is that it should reduce a (chosen) measure of … poverty by more than if all incomes were growing equiproportionately. Inequality reduction is not generally seen as either …
Persistent link: https://www.econbiz.de/10004967192
inequality measures. LIS is a well-managed and undeniably important global public institution for research on inequality and … addressed by a truly global micro-data base for studying poverty and inequality. …
Persistent link: https://www.econbiz.de/10010878110