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Inequality Undermines Democracy and Growth
Gylfason, Thorvaldur - 2019
Income equality and trust seem to go along with several other ingredients of social capital as determinants of economic growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank and by The Standardized World Income Inequality...
Persistent link: https://www.econbiz.de/10012892099
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Richer or More Numerous or Both? The Role of Population and Economic Growth for Top Income Shares
Krolage, Carla - 2019
When measuring income inequality over long periods of time, accounting for population and productivity growth is important. This paper presents three alternative measures of top income shares that more explicitly account for population and income growth than the standard measure. We apply these...
Persistent link: https://www.econbiz.de/10012892200
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How Economic Growth Impinges on Income Inequalities?
Alves, José; Coelho, Jose Carlos; Roxo, Alexandre - 2022
Performing a panel data analysis for OECD countries, during the period between 1990 and 2019, this article investigates the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI per capita affect income inequality and how they...
Persistent link: https://www.econbiz.de/10014264446
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A New Ricardian Model of Trade, Growth and Inequality
Marjit, Sugata - 2021
The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...
Persistent link: https://www.econbiz.de/10013314959
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A convex hull approach to counterfactual analysis of trade openness and growth
Funke, Michael; Gronwald, Marc - 2009
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments … we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the … with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …
Persistent link: https://www.econbiz.de/10010265984
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Don't Stop Believin’ – Heterogeneous Updating of Intergenerational Mobility Perceptions Across Income Groups
Schwarz, Anna; Warum, Philipp - 2023
This article presents a novel explanation why demand for redistribution on average does not respond to information on low intergenerational mobility. Building on insights from behavioral economics, we expect that incentives to update perceptions of intergenerational mobility change along the...
Persistent link: https://www.econbiz.de/10014345626
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Inequality and Immigration
Dustmann, Christian; Kastis, Yannis; Preston, Ian - 2023
This paper investigates the relationship between immigration and inequality in the UK over the past forty years. This is a period when the share of foreign-born in the UK population increased from 5.3% in 1975 to 13.4% in 2015. We evaluate the impact immigration had on wage inequality in the UK...
Persistent link: https://www.econbiz.de/10014347988
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Inequality and the Zero Lower Bound
Fernández-Villaverde, Jesús; Marbet, Joël; Nuño, Galo; … - 2023
This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates on aggregate dynamics. To do so, we consider a heterogeneous agent New Keynesian (HANK) model with an occasionally binding ZLB and solve for its fully nonlinear stochastic...
Persistent link: https://www.econbiz.de/10014348051
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The Impact of Inequality on the Informal Economy in Latin America and the Caribbean with a Mimic Model
Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023
Vast literature is available covering main Informal Economy (IE) causes and consequences for Latin America and Caribbean (LAC), but its size estimation has been mainly limited to worldwide models applied to the region. This paper proposes a MIMIC Base Model using a data set composed by 41...
Persistent link: https://www.econbiz.de/10014348093
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Inequality of Opportunity and Income Redistribution
Preuss, Marcel; Somerville, Jason; Reyes, Germán; Wu, Joy - 2023
We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and whether luck magnified workers’ effort (“lucky...
Persistent link: https://www.econbiz.de/10014357631