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redistribution policy makes it possible to increase output per capita and to reduce inequality because both increase the educated …
Persistent link: https://www.econbiz.de/10005135147
Inequality-Globalization nexus. It is shown that by modifying this model and relaxing some of its most restrictive assumptions … suitable modelling of the Inequality-Globalization nexus. …
Persistent link: https://www.econbiz.de/10010592827
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
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 …
Persistent link: https://www.econbiz.de/10011098381
economies, which has coincided with an increase in intra-country income inequality, both within and between skill groups. This … article surveys the key mechanisms of the globalization-inequality relationship. Four strands of literature are reviewed … generate most of the observed facts on trade and inter-skill group inequality, but also between unequally talented workers …
Persistent link: https://www.econbiz.de/10011163078