Showing 1 - 10 of 245
, the elasticity of redistribution to poor classes to their income has decreased over the last decade, suggesting a … reduction of the policies in support of low income individuals. …
Persistent link: https://www.econbiz.de/10010335331
Defining the 'global middle class' as being neither poor nor rich in the developed world, we estimate the size of the global middle class in China and 33 other countries and analyze China's expanding middle class in international perspective. China's global middle class has grown rapidly and has...
Persistent link: https://www.econbiz.de/10012671241
Our objective in this paper is to assess how middle-income groups are faring with the global turn to the market. We … suggest some simple measures of the middle-the size and income shares of households around the median (75/125%)-and their … income status relative to wealthier counterparts. Our results point to genuine distributional stress for middle-income …
Persistent link: https://www.econbiz.de/10011653003
intensity" (RTI) and "offshorability" (OFFS) for use with the Luxembourg Income Study (LIS) Database. To produce these data, we … 38 LIS countries and 160 LIS country-years. To assess the validity of these recodes, we compare average labor-income … OFFS scores and advance the literature on income polarization, we analyze their association with work hours and labor …
Persistent link: https://www.econbiz.de/10012060324
The reformulation of the median voter hypothesis and its testing proposed in Milanovic (2000) has been criticized from four different perspectives. The critiques are discussed and assessed.
Persistent link: https://www.econbiz.de/10010335351
Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income … redistribution should increase in line with inequality. An empirical test based on 110 observations from the Luxembourg Income Study …
Persistent link: https://www.econbiz.de/10010335364
This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more …-level datasets, as well as datasets reconstructed from grouped data on income distribution taken from the World Income Inequality … Database. The results garnered for our preferred sample of countries suggest that income polarization has a negative impact on …
Persistent link: https://www.econbiz.de/10010335431
We use data from the Luxembourg Income Study in order to quantify the economy-wide monetary gains achieved by household … aggregate disposable income earned by household types of different size. …
Persistent link: https://www.econbiz.de/10010335538
The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality … corrected income rankings. While a risk neutral individual (based on year 2000 data) would have preferred to be born into the US … make several European countries look preferable. The paper also sheds light on the risk corrected average income on a …
Persistent link: https://www.econbiz.de/10010335546
Lupu and Pontusson (2011) argue that the structure of income inequality, rather than its level, can explain differences … are a function of relative income differentials. It makes three central claims: (a) skew in the earnings distribution, the … endogenous to the welfare state; (b) relative earnings differentials are not a valid proxy measure for the structure of income …
Persistent link: https://www.econbiz.de/10012890814