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Structural Reforms, Growth and Inequality : An Overview of Theory, Measurement and Evidence

Campos, Nauro F. - 2018

This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...

Persistent link: https://www.econbiz.de/10012927189

Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer

Irmen, Andreas - 2017

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10012965706

Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution

Hoffmann, Andreas - 2016

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the monetary overinvestment theories of Hayek and Mises. We argue that ultra-loose monetary policies create incentives to substitute real investment by financial investment. When...

Persistent link: https://www.econbiz.de/10012996802

Discounting, Inequalities and Economic Convergence

Gollier, Christian - 2013

The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate, in the absence of any risk-sharing scheme. We consider an economy in which the initial consumption level and the distribution of consumption growth are heterogeneous. The...

Persistent link: https://www.econbiz.de/10013094078

Does Public Education Expansion Lead to Trickle-Down Growth?

Böhm, Sebastian - 2014

The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive public expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth...

Persistent link: https://www.econbiz.de/10013044596

Growth of Income and Welfare in the U.S. 1979-2011

Komlos, John - 2016

We estimate growth rates of real incomes in the U.S. by quintiles using the Congressional Budget Office's (CBO) post-tax, post-transfer data as basis for the period 1979-2011. We improve upon them by including only the present value of earnings that will accrue in retirement and excluding items...

Persistent link: https://www.econbiz.de/10012991937

Financial Development and Inequality in the Global Economy

von Ehrlich, Maximilian - 2016

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...

Persistent link: https://www.econbiz.de/10012996265

Is There a Nonlinear Relationship between Economic Growth and Inequality? Theory and Lessons from ASEAN, People Republic of China and India

Gangopadhyay, Partha - 2015

In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...

Persistent link: https://www.econbiz.de/10013021416

Can there Be a Wave-Like Association between Economic Growth and Inequality? Theory and Lessons for East Asia from the Middle East

Gangopadhyay, Partha - 2012

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...

Persistent link: https://www.econbiz.de/10013099565

Political Institutions and Income (Re-)Distribution : Evidence from Developed Economies

Feld, Lars P.; Schnellenbach, Jan - 2021

We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and parliamentary regimes) on the extent and direction of income (re-)distribution. Empirical evidence is presented for a large sample of 70 economies and a panel of 13 OECD countries...

Persistent link: https://www.econbiz.de/10013315720