Showing 1 - 10 of 394
. During the period of the global financial crisis welfare grew slightly more rapidly than income per capita, mainly due to …
Persistent link: https://www.econbiz.de/10011763851
We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the dynamics of the economy, the design of monetary policy, and...
Persistent link: https://www.econbiz.de/10011705497
This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …
Persistent link: https://www.econbiz.de/10014404012
This paper reviews the evidence on how households in Sub-Saharan Africa segment along consumption, income and earning … importance of home-grown food in the income and consumption of house-holds well up the income distribution, the lack of formal … financial inclusion for all but the richest households, and the importance of non-wage income. These stylized facts suggest that …
Persistent link: https://www.econbiz.de/10014412103
Persistent link: https://www.econbiz.de/10011281986
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood … inflation. In an international sample and a sample of Chinese provinces, nonfood inflation exacerbates income inequality while …
Persistent link: https://www.econbiz.de/10009618580
This paper is the first comprehensive empirical study of earnings, income, and consumption inequality in urban China … increase in economic inequality for the sample period. The paper finds that consumption inequality closely tracks income … dramatic increase in noninsurable idiosyncratic permanent income shocks after the early 1990s, associated with the economic …
Persistent link: https://www.econbiz.de/10011716301
. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the …China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty … world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper …
Persistent link: https://www.econbiz.de/10011866405
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …-an inverted Ushaped relationship between income inequality and economic development-in China and the panel of BRIC+ countries. In … the case of China, the empirical results indicate that government spending and taxation have opposing effects on income …
Persistent link: https://www.econbiz.de/10014412042
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood … inflation. In an international sample and a sample of Chinese provinces, nonfood inflation exacerbates income inequality while …
Persistent link: https://www.econbiz.de/10014396506