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Inequality Undermines Democracy and Growth
Gylfason, Thorvaldur - 2019
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 … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …
Persistent link: https://www.econbiz.de/10012892099
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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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Inequality Measurement and Tax/Transfer Policy
Apps, Patricia F. - 2020
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...
Persistent link: https://www.econbiz.de/10012830349
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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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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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The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices
Kornek, Ulrike - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012870643
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Trade Openness and Income Inequality : New Empirical Evidence
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10013218286
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Your Place in the World - Relative Income and Global Inequality
Fehr, Dietmar; Mollerstrom, Johanna; Perez-Truglia, Ricardo - 2021
find that Germans systematically underestimate their true place in the world’s income distribution, but that correcting …
Persistent link: https://www.econbiz.de/10013231987
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Economic Inequality and COVID-19 Death Rates in the First Wave, a Cross-Country Analysis
Davies, James B. - 2021
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 older population, fewer hospital beds, lack of...
Persistent link: https://www.econbiz.de/10013237221
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The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty
van der Ploeg, Rick; Emmerling, Johannes; Groom, Ben - 2022
A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...
Persistent link: https://www.econbiz.de/10014082790