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We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...
Persistent link: https://www.econbiz.de/10014384038
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/10013473321
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. Crosscountry studies failed to find a clear link from growth to inequality. Country-specific studies that focused on...
Persistent link: https://www.econbiz.de/10011450868
The distribution of health inequalities appears to exhibit a different pattern when samples of developing countries are examined. One explanation is the existence of a health Kuznets ́curve. This paper sets out as an exploratory analysis to test the latter hypothesis of an inverse U shape...
Persistent link: https://www.econbiz.de/10010199440
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 … countries, 30 industries and 15 years reveals that trade openness in terms of intermediate and capital goods lead to economic …
Persistent link: https://www.econbiz.de/10012120367
growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … of income however, the equalizing effect of China s rapid growth, despite the contradictory impact of increasing domestic …
Persistent link: https://www.econbiz.de/10011514125
(economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …
Persistent link: https://www.econbiz.de/10010531112
This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international trade. We set up a general equilibrium trade model with heterogeneous agents allowing for country asymmetries. We show that under international trade compared to autarky, a...
Persistent link: https://www.econbiz.de/10012619449
of trade openness on inequality in China and transition countries. …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 …
Persistent link: https://www.econbiz.de/10012599018
In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality both within and between countries. We emphasize the distinction between managerial and production labor. Production labor is assumed to be a variable input composed of tradable...
Persistent link: https://www.econbiz.de/10009156628