Showing 1 - 10 of 467
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to lend money to wealthier borrowers rather than to the very poor. We focus on the relationship between MFIs and external funding institutions. We assume that both the MFIs and...
Persistent link: https://www.econbiz.de/10013245624
-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …
Persistent link: https://www.econbiz.de/10012839357
proportion of income) also decline by almost the same amount, suggesting shared understanding that is characteristic of social …
Persistent link: https://www.econbiz.de/10012908662
perceptions of intergenerational mobility change along the income distribution. Empirically, we conduct a survey experiment in … Austria and show that the average treatment effect of information on perceptions is mostly driven by higher income individuals … while low-income respondents hardly react. We replicate this result for the United States and Germany using data from two …
Persistent link: https://www.econbiz.de/10014345626
We characterize a measure of social welfare for linear production economies in which individuals differ in productive skills and preferences. The key feature of our measure is that it aggregates fairness gaps, defined as the difference between the money-metric utility that the individual...
Persistent link: https://www.econbiz.de/10014262033
Poverty-reducing policies ought to prioritize the "deserving" poor, that is, those who do all that can be reasonably … of poverty indices that address these issues. Formally, poverty is measured by the sum of specific indices of individual … data. Among single males, about a third of the income-poor ones are "undeserving," because (based on the estimates) they …
Persistent link: https://www.econbiz.de/10012838242
This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to …-nationalist policies (which destroy productivity, compress the income distribution and promote the benefits of social affiliation) …
Persistent link: https://www.econbiz.de/10012859600
income. Poverty as measured by the $1.90 per day standard has a small negative association with death rates. The elasticity …The cross-country relationship between Covid-19 crude mortality rates and previously measured income inequality and … poverty in the pandemic’s first wave is studied, controlling for other underlying factors, in a sample of 141 countries. An …
Persistent link: https://www.econbiz.de/10013237221
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10010288473
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 Database are seen to be correlated with economic diversification, the rule …
Persistent link: https://www.econbiz.de/10012892099