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change in the Gini (based on consumption expenditure) by up to 0.03 points. Cross-country heterogeneity in this change is … large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as … large as the change in the standard Gini measure over the period of interest. …
Persistent link: https://www.econbiz.de/10011862889
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged. …
Persistent link: https://www.econbiz.de/10011568762
When measuring income inequality over long periods of time, accounting for population and productivity growth is … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …-term income inequality trends. …
Persistent link: https://www.econbiz.de/10011939792
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012118569
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...
Persistent link: https://www.econbiz.de/10012197609
greater wealth inequality. …
Persistent link: https://www.econbiz.de/10011392586
While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …
Persistent link: https://www.econbiz.de/10011397917
these differences in cost-of-living. In this paper, we study consumption inequality in India, while fully allowing for non … significantly overestimate the rise in real inequality. Moreover, we show that the allowance for non-homotheticity is quantitatively … inequality when there is segregation in consumption / production, by which we mean that people's consumption patterns are skewed …
Persistent link: https://www.econbiz.de/10011421580
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