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and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …, while politically unconnected wealth inequality, income inequality, and initial poverty have no significant effect. …A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in …
Persistent link: https://www.econbiz.de/10010211159
goal of ending extreme poverty remains paramount. Globally, the World Bank set goals to end extreme poverty by 2030 and to …, eliminating poverty by 2030 is out of the region's reach. Even under our 'best case' scenario of accelerated growth and … redistribution from the richest 10 percent to the poorest 40 percent of the population, the poverty rate would still be around 10 …
Persistent link: https://www.econbiz.de/10010345542
poverty and income inequality have invited increasing volumes of research focusing on the nexus between equity and efficient … into a middle income country (ADB, 2014). This has stimulated the need to understand causes of inequality and poverty for … poverty because they will substantially undermine the economic growth if left unchecked (ADB, 2014). The objective of this …
Persistent link: https://www.econbiz.de/10010345543
What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …
Persistent link: https://www.econbiz.de/10012288516
Measuring poverty trends and dynamics is an important undertaking for poverty reduction policies, which is further … highlighted by the SDG goal 1 on eradicating poverty by 2030. We provide a broad overview of the pros and cons of poverty … review two common uses of poverty imputation methods that aim at tracking poverty over time and estimating poverty dynamics …
Persistent link: https://www.econbiz.de/10012603834
the top. Wealth remains remarkably absent from the analysis of poverty and the redistributive effectiveness of welfare …There is a burgeoning literature on the significance and distribution of wealth in the rich world. It mainly focuses on … of financial need among the elderly - a segment of society that is at a relatively high risk of income poverty - also …
Persistent link: https://www.econbiz.de/10011737502
We present the first estimates of intergenerational wealth correlation for Australia, using HILDA. The rank correlation … varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. Most children in our ….306. Wealth correlations are difficult to interpret and not well grounded in theory. We therefore also implement Boserup et al …
Persistent link: https://www.econbiz.de/10012649512
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … inequality. Second, average unfair inequality doubles when complementing the ideal of an equal opportunity society with poverty …
Persistent link: https://www.econbiz.de/10011874411
Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a...
Persistent link: https://www.econbiz.de/10003960089