Showing 1 - 10 of 271
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Cross-country studies failed to find a clear link from growth to … inequality increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10005405822
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … inequality in rich countries. It is argued that using some unadjusted inequality measures in growth regressions may yield …
Persistent link: https://www.econbiz.de/10005405824
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …
Persistent link: https://www.econbiz.de/10005405935
dramatic drop in cooperation (and growth), when inequality is increased by a selfserving dictator. No such effect is observed … adverse growth effect of the interaction between the degree and the genesis of inequality. We conclude that economies giving … equal opportunities to all are not likely to suffer retarded growth due to inequality in the way economies with self …
Persistent link: https://www.econbiz.de/10005406372
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with …
Persistent link: https://www.econbiz.de/10005416497
inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … by 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010736743
interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …
Persistent link: https://www.econbiz.de/10010580969
In this paper we build a model of trade in vertically differentiated products and find that income inequality can … inequality on the demand for imports is then assessed by examining panel data for 36 developing and developed countries for the … 1980-1997 period. We find significant evidence supporting our prediction that inequality has a large influence on the …
Persistent link: https://www.econbiz.de/10005181629
We use instrumental variable methods to investigate whether the impact of parental smoking habits on their children's smoking decisions is a causal one. We find evidence of same-sex role models in two-parent households: mothers play a crucial role in determining their daughters' smoking...
Persistent link: https://www.econbiz.de/10013156225
over the past few decades. Major advances have taken place in the analysis of cross sectional data by means of semi-parametric …
Persistent link: https://www.econbiz.de/10012773713