Showing 1 - 10 of 72
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical … judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However … inequality aversion utility function using datasets available from the Luxembourg Income Study Database. We utilise the method of …
Persistent link: https://www.econbiz.de/10012887975
opportunities but at the same time also contributed to greater wage inequality. Finally, the growth in the supply of skilled workers … identifies the relevant pathways between macro-economic developments and earnings inequality among the whole working … inequality; it transmitted inequality mainly through raising wage dispersion. Economic globalisation, in terms of both rapidly …
Persistent link: https://www.econbiz.de/10010127836
conditioning on a variety of country-level factors that may matter for growth and inequality changes. This evidence confirms the … also small relative to the variation in growth in average incomes, implying that the latter accounts for most of the … variation in income growth in the poorest quintiles. These findings hold across most regions and time periods and when …
Persistent link: https://www.econbiz.de/10009788629
This paper analyzes the relationship between economic growth, inequality and redistribution. In a cross-country setting … for 25 EU countries over the period 2007-2019, we show that market income inequality is associated with higher growth in … NBS) boosts growth in the short run, driven by the consumption and private investment channels. On the other hand …
Persistent link: https://www.econbiz.de/10014508056
Divergence between the evolution of GDP per capita and the income of a ‘typical’ household as measured in household surveys is giving rise to a range of serious concerns, especially in the USA. This paper investigates the extent of that divergence and the factors that contribute to it across...
Persistent link: https://www.econbiz.de/10011484646
We examine vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by international migration and remittances, using a formal, practical, and easily decomposable vulnerability measure. Our strategy is to estimate a Markov transition probability...
Persistent link: https://www.econbiz.de/10011607436
In this article, we show the evolution of inequality for the largest economies of the Latin American region in the 21st … century, with separate consideration of income and wealth. We analyse the drivers of the changes in inequality and possible …
Persistent link: https://www.econbiz.de/10011631271
An issue of interest in the literature that explores the drivers of inequality is the distributional bearing of tax and … judgements implicit in tax and transfer policy provides a fresh perspective on the evolution of income inequality and … redistribution; one that departs from the prevailing view that UK inequality stopped rising from the early 1990s. …
Persistent link: https://www.econbiz.de/10012019325
Expansion of the public sector and redistributive policies may reduce income inequality, but formal tests suffer from … income inequality and government size, measured as the government expenditure share in GDP. Using a novel instrument – the … the true role of the government in attenuating income inequality. The estimated relationship between income inequality and …
Persistent link: https://www.econbiz.de/10012051605
This paper explores the long-term effect of migration on economic inequality between the 28 EU member states, covering … significant effect on development and economic growth in 28 member states. However, the findings also indicate that some countries …
Persistent link: https://www.econbiz.de/10012051607