Showing 1 - 10 of 669
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/10011434439
Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011536253
We introduce a banking sector and heterogeneous agents in the Matsuyama et al. (2016) dynamic over-lapping generations neoclassical model with good and bad projects. The model captures the benefits and costs of an advanced banking system which can facilitate economic development when allocates...
Persistent link: https://www.econbiz.de/10013465706
We study three budget-neutral reforms of the German tax and transfer system designed to improve work incentives for people with low incomes: a feasible flat tax reform that provides a basic income which is equal to the current level of the means tested unemployment benefit, and two alternative...
Persistent link: https://www.econbiz.de/10011298903
tax have a significant negative effect on the household GINI index and on poverty. We also examine three alternative …
Persistent link: https://www.econbiz.de/10010361509
Rising poverty and inequality increases the risk of social instability in countries all around the world. For measuring … poverty and inequality there exists a variety of statistical indicators. Estimating these indicators is trivial as long as the … income variable. Based on these pseudo samples, poverty and inequality indicators are estimated. The standard errors of the …
Persistent link: https://www.econbiz.de/10011863323
This paper is the first attempt towards directly testing the existence of status seeking behavior of the poor for a developing economy, India, with the help of a large dataset. The paper empirically validates status consciousness among the relatively poor for both rural and urban areas across...
Persistent link: https://www.econbiz.de/10011898668
This study examines the impact of international economic sanctions, imposed on Iran due to its nuclear program, on the development of the middle class. Specifically, it investigates how the middle class in Iran would have developed in the absence of these sanctions post-2012. To address this...
Persistent link: https://www.econbiz.de/10014563835
fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … inequality. Second, average unfair inequality doubles when complementing the ideal of an equal opportunity society with poverty …
Persistent link: https://www.econbiz.de/10011864650
Peru has made great progress in reducing poverty and inequality in the past decade alongside high economic growth …. Albeit this progress, the incidence of poverty and inequality remain high. This paper examines the distributional and poverty … poverty reduction. It decreases absolute poverty by 2-3 percentage points in terms of monetary income and up to 9 percentage …
Persistent link: https://www.econbiz.de/10011840799