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Inequality undermines democracy and growth

Thorvaldur Gylfason - Villa Mondragone International Economic Seminar <30., … - 2019 - Final version 21 January 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/10011966802

Distributional effects of surging housing costs under Schwabe's law

Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019

The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...

Persistent link: https://www.econbiz.de/10012026424

Climate inequality : carbon capture for redistribution

Belfiori, Elisa; Macera, Manuel - 2024

We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...

Persistent link: https://www.econbiz.de/10014632377

Heterogeneous bequests and social inequalities

Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023

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

Can there be a wave-like association between economic growth and inequality? : theory and lessons for East Asia from the Middle East

Gangopadhyay, Partha; Bhattacharyay, Biswanath - 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/10009630652

Recoupling economic and social prosperity

Lima de Miranda, Katharina; Snower, Dennis J. - 2020

This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...

Persistent link: https://www.econbiz.de/10012171696

A 'Health Kuznets' Curve'? : cross-country and longitudinal evidence

Costa-Font, Joan; Hernandez-Quevedo, Cristina; Sato, Azusa - 2013

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

Finance and income inequality : a review and new evidence

Haan, Jakob de; Sturm, Jan-Egbert - 2016

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

Inequality and the environment : the economics of a two-headed hydra

Drupp, Moritz A.; Kornek, Ulrike; Meya, Jasper; Sager, Lutz - 2021

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse. Neither of these two issues can be fully understood in isolation, and policies aiming at one issue will increasingly have to consider interactions with the other. We synthesize...

Persistent link: https://www.econbiz.de/10012694139

The geography of natural resources, ethnic inequality and development

Lessmann, Christian; Steinkraus, Arne - 2017

We study whether the spatial distribution of natural resources across different ethnic groups within countries impede spatial inequality, national economic performance, and the incidence of armed conflict. By providing a theoretical rent-seeking model and analysing a set of geocoded data for...

Persistent link: https://www.econbiz.de/10011588047

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