Herzer, Dierk; Vollmer, Sebastian - In: Journal of Economic Inequality 10 (2012) 4, pp. 489-503
This paper uses heterogeneous panel cointegration techniques to estimate the long-run effect of income inequality on per-capita income for 46 countries over the period 1970–1995. We find that inequality has a negative long-run effect on income, both for the sample as a whole and for important...