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heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014384038
per capita affect income inequality and how they differ. The results suggest a U-shaped relationship of both measures of … GDP per capita is used, inequality is higher, leading to the conclusion that countries with policies that inflate GDP … behavioral similarity between the income of the richest 10% of population and income inequality. Lastly, there is also a …
Persistent link: https://www.econbiz.de/10013473321
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012195928
Analyses of pension funding effects on economic growth need to differentiate between "carve-out" pension privatization in Latin America and Eastern Europe and typical "add-on" pension funding in Western Europe and North America. We find no evidence that pension privatization in Latin America and...
Persistent link: https://www.econbiz.de/10011536201
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 makers try to impact on one (say, inequality) by influencing the other …
Persistent link: https://www.econbiz.de/10010531112
of worker. Our analysis reveals that the effects of a liberalization on human capital accumulation, income and inequality … 20 percent in the shortrun, and by more than 55 percent after 50 years. The world average index of inequality decreases … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010235847
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 labor market inequality have shown that, with a few exceptions, wage …
Persistent link: https://www.econbiz.de/10011450868
dramatic drop in cooperation (and growth), when inequality is increased by a selfserving dictator. No such effect is observed … when the inequality is increased by a fair procedure. Our regression analysis provides basic macroeconomic support for the … adverse growth effect of the interaction between the degree and the genesis of inequality. We conclude that economies giving …
Persistent link: https://www.econbiz.de/10011404315
In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this … 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 …
Persistent link: https://www.econbiz.de/10011409838
all variables, thus makes several explicit and novel predictions. This includes how income and inequality depend on …
Persistent link: https://www.econbiz.de/10012619417