To analyse the globalization-inequality relationship, we extend the North-South HOS model by assuming (i) that the size … three phases of globalization, corresponding to different production patterns and to specific changes in inequality in the … North and in the South. In the North, inequality continuously increases and unskilled workers purchasing power continuously …

The relationship between inequality and redistribution is usually studied under the assumption that the government … expenditure). We study the effects of inequality on the size (and structure) of redistributive programs in both perfectly … case and that in the latter case an increase in inequality can be associated with a fall in the tax rate. We find also that …

This paper documents patterns and recent developments on income inequality in Latin America (LA). New comparative … international evidence confirms that LA is a region of high inequality, although maybe not the highest in the world. Income … inequality has fallen in the 2000s, suggesting a turning point from the substantial increases of the 1980s and 1990s. The fall in …

Within a model where the parents make the decisions relating to their children’s education, we show that skill dynamics … normally results in a sub-optimal situation involving income per capita. This derives from an under-education trap that is … redistribution policy makes it possible to increase output per capita and to reduce inequality because both increase the educated …

This paper examines the relationship between inequality and happiness through the lens of heterogeneous values, beliefs … to a shared set of rules, regardless of background and circumstances. These traits matter when it comes to how inequality … compatriot tend to dislike inequality. With reference to moderation, inequality aversion can be read in terms of a desire for …

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 …

Theil’s approach to the measurement of inequality is set in the context of subsequent developments over recent decades …. It is shown that Theil’s initial insight leads naturally to a very general class of decomposable inequality measures. It … is thus closely related to a number of other commonly used families of inequality measures. …

Households can differ in size and needs. A reliable assessment of inequality in living standards, therefore … by means of an inequality decomposition by household types. Country inequality rankings are sensitive to the conversion … strategy applied. The decomposition analysis reveals the underlying mechanisms. We find inequality estimates typically to be …