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This paper provides an assessment of how households’ income has fared compared with GDP. While the prime focus is on incomes around the median, attention is paid also to the bottom of the income distribution. Thus, one contribution of the paper is to deliver a fresh assessment of the evolution...
Persistent link: https://www.econbiz.de/10010374412
Using data from OECD countries over the past three decades, this paper shows that financial expansion has fuelled greater income inequality. Higher levels of credit intermediation and stock markets are both related with a more unequal distribution of income. Greater income inequality may not...
Persistent link: https://www.econbiz.de/10011399477
Income inequality and relative poverty in the United States are among the highest in the OECD and have substantially increased over the past decades. These developments have been associated with a number of other worrying statistics, including low intergenerational social mobility and weak real...
Persistent link: https://www.econbiz.de/10009767746
Despite a general trend of increasing labour income inequality, there have been differences in the timing, intensity and even direction of these changes across OECD countries. These stylized facts have led to numerous studies about the main determinants of labour income inequality and, as a...
Persistent link: https://www.econbiz.de/10009690322
Standard income inequality figures, based on official household survey statistics covering most of the population, report a steady rise of inequality across a majority of advanced countries. The usefulness of these data sources in providing a timely and internationally comparable picture of...
Persistent link: https://www.econbiz.de/10011576944
This paper investigates the relationship between fiscal decentralisation and economy-wide disposable income inequality. Drawing on a dataset of up to 20 OECD countries over a period from 1996 to 2011, a regression analysis is performed, relating several indicators of national income inequality...
Persistent link: https://www.econbiz.de/10011577949
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This paper proposes and estimates a model of demand for and supply of graduations in tertiary education, which is then used to construct forward-looking scenarios for graduation rates by country. Consistent with evidence that economic returns to education have remained high in spite of rising...
Persistent link: https://www.econbiz.de/10011392823