Showing 1 - 10 of 4,212
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
theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income … inequality. We conclude by proposing a 7-point agenda for future research. …
Persistent link: https://www.econbiz.de/10011780603
dramatic drop in cooperation (and growth), when inequality is increased by a selfserving dictator. No such effect is observed … adverse growth effect of the interaction between the degree and the genesis of inequality. We conclude that economies giving … equal opportunities to all are not likely to suffer retarded growth due to inequality in the way economies with self …
Persistent link: https://www.econbiz.de/10011404315
linking economic growth and income inequality. …We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of …
Persistent link: https://www.econbiz.de/10014384038
When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …
Persistent link: https://www.econbiz.de/10011939792
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 increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10011450868
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …
Persistent link: https://www.econbiz.de/10010531112
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
all variables, thus makes several explicit and novel predictions. This includes how income and inequality depend on … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417
theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …
Persistent link: https://www.econbiz.de/10012312232