Showing 1 - 10 of 697
Based on stylized evidence showing variation of the Gini coefficient of income inequality across skill cohorts and on … the rapid rise in trade in technology-intensive goods, the ripple effects of technology transmission and income inequality … income inequality to decline. The conjoined parameters retard growth's inequality-enhancing effect and thus facilitate long …
Persistent link: https://www.econbiz.de/10012777769
This paper examines the empirical relationship between inequality and growth, and analyzes the impacts of growth …, inequality, and government spending on poverty reduction. A new panel dataset has been assembled on inequality and poverty that … challenge the belief that income inequality has a negative effect on growth and confirm the validity of the Kuznets curve …
Persistent link: https://www.econbiz.de/10013318088
Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a poverty-reducing pattern of growth in relative incomes. I...
Persistent link: https://www.econbiz.de/10012783215
inequality, while fiscal expansions lower inequality. The results are robust to several measures of income distribution and size … medium-term inequality multiplier. This is on average about 1 in our sample, meaning that a cumulative decrease in government …
Persistent link: https://www.econbiz.de/10012922628
We quantitatively investigate the macroeconomic and distributional impacts of fiscal consolidations in low-income countries (LICs) through value added tax (VAT), personal income tax (PIT), and corporate income tax (CIT). We extend the standard heterogeneous agents incomplete markets model by...
Persistent link: https://www.econbiz.de/10012913913
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even … distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and … empirical challenges plaguing the literature. We find that income inequality is converging across countries, and that its impact …
Persistent link: https://www.econbiz.de/10012962147
This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in … developing economies. We find that reductions in inequality during growth upswings are largely reversed during growth slowdowns … channel through which fluctuations in growth affect future dynamics in inequality. These findings suggest that both the …
Persistent link: https://www.econbiz.de/10012892925
contributing tosignificant increases in inequality-that is, they pose an equity-efficiency trade-off. Behindthis average lies …
Persistent link: https://www.econbiz.de/10012918557
, resulting in rising inequality. We find that domestic policies can mitigate the adverse distributional effects of globalization …
Persistent link: https://www.econbiz.de/10012922630
We review the debate on the association of financial globalization with inequality. We show that the within …
Persistent link: https://www.econbiz.de/10013243076