new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976 …

general equilibrium model. Empirical estimation, of the model's key parameters show that the rising management premium is …

countries or individuals. A newer way is to utilize data on a panel of countries or a panel of people and assess the pattern of … panel income changes. How do these two approaches relate to one another? This paper shows, first, that it is possible to … have all four combinations – rising or falling inequality and divergent or convergent panel income changes, and second …

in income inequality. An alternative is to assess patterns of panel income changes. We derive theoretical conditions … reconciling changes in inequality together with various measures of convergent/divergent panel income changes. For a large number … of inequality indices, as well as for Lorenz curves: we show that rising inequality can coexist with convergent panel …