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quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases … redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the … in a panel of countries, the paper finds that inequality has a negative effect on both institutional quality and …
Persistent link: https://www.econbiz.de/10010674187
This working paper advances research on inequality with unique, new data on income distribution in 61 countries …, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a … younger and older parties, older left-wing parties are more likely to internalize the long-run costs of redistribution and to …
Persistent link: https://www.econbiz.de/10011240346
This document surveys Bank lending operations designed to fight poverty and enhance social equity, with emphasis on recently approved projects with innovative components. It also surveys a broad range of poverty-related non-lending activities carried out by the Bank over the past two years. It...
Persistent link: https://www.econbiz.de/10009367250
This paper examines the impact of the availability of fiscal revenues from nonrenewable resources on other revenues of Latin American and Caribbean resource-exporting countries. It compares the performance of nonresource revenues in these countries to that in other countries in the region. The...
Persistent link: https://www.econbiz.de/10010655037
This paper shows, first, that non-commodity revenues are more volatile in oil- and mineral-rich countries and that quality of institutions is associated with lower volatility. We investigate the channels through which oil and mineral revenue volatility lead to non-commodity revenues volatility,...
Persistent link: https://www.econbiz.de/10010655339
inequality and low redistribution can coexist. The theory's assumptions and outcomes are explored empirically using individual …
Persistent link: https://www.econbiz.de/10010943824
The aim of this book is to provide policymakers in Latin America with the stylized facts of what works and what does not in decentralization policies and schemes, based on analysis of the recent experiences of several Latin American countries.
Persistent link: https://www.econbiz.de/10010772464
In this paper, social mobility is measured by looking at the extent to which family background determines socioeconomic success. Roughly speaking, social mobility can be measure by means of two distinct types of correlations: intergenerational correlations and sibling correlations.
Persistent link: https://www.econbiz.de/10010943626
This paper argues that there is no country in Latin America where we can confidently say that income inequality … increases in inequality among the first nine deciles. In the remaining 5, the reason is a greater concentration among the …, inequality has increased less in this region than in developed countries and in Eastern Europe. …
Persistent link: https://www.econbiz.de/10010944090
While decreasing inequality is generally considered desirable, and there is a growing understanding of which policies …-economic groups arises on how government should address inequality rather than whether it should do so. While poorer respondents …. Contrary to what is commonly assumed, inequality seems to breed altruism among the rich regarding the quintessential poverty …
Persistent link: https://www.econbiz.de/10010944108