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Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be … Surveys, to revisit the question of whether inequality is associated with economic growth and, in particular, to examine … whether inequality of opportunity - driven by circumstances at birth - has a negative effect on subsequent growth. Results are …
Persistent link: https://www.econbiz.de/10010364975
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10010469680
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010423766
Since the late twentieth century there has been a growing interest in academic and political circles on inequality. In … research about Inequality since the 1950s; (ii) the development of a new method of analysis that combines (ii-a) a quantitative …
Persistent link: https://www.econbiz.de/10012649090
Before the Great Recession, rising income inequality within the European Union member states has been considered to be … 2011. Our analysis shows that Euroskepticism has increased by on third during the financial crisis, while income inequality … cultural identity and financial expectations and by large unrelated to economic background variables like income inequality. We …
Persistent link: https://www.econbiz.de/10010252653
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … inequality from Forbes magazine's listing of billionaires and compare its effect on growth to the effects of income inequality … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …
Persistent link: https://www.econbiz.de/10010211159
Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average...
Persistent link: https://www.econbiz.de/10011770417
theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … inequality. We conclude by proposing a 7-point agenda for future research. …
Persistent link: https://www.econbiz.de/10011763836
When jobs offered by different employers are not perfect substitutes in the minds of workers, employers gain wage-setting power; the extent of this power can be captured by the elasticity of labor supply that each employer faces. Estimates of this parameter reported by the literature vary...
Persistent link: https://www.econbiz.de/10011950529
Defining the 'global middle class' as being neither poor nor rich in the developed world, we estimate the size of the …
Persistent link: https://www.econbiz.de/10012588683