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This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the...
Persistent link: https://www.econbiz.de/10013151135
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10013019500
dimensions of poverty, and more concerned about the total number of poor than the incidence of poverty. In regard to inequality …
Persistent link: https://www.econbiz.de/10013065371
-exposure states by 10% and the incidence of wage poverty (the fraction of wage earners whose labor income would not sustain a family … of four at above-poverty consumption levels) in low-exposure states increased relative to high-exposure states by 7% …
Persistent link: https://www.econbiz.de/10013065640
World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 … of the global poverty count in 2006 are much smaller than found by other researchers. We also find similar reductions in …
Persistent link: https://www.econbiz.de/10013150544
impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess … the success of current efforts. We construct new measures of the income distribution and poverty with a lag of only a few …, government policy effectively countered its effects on incomes, leading poverty to fall and low percentiles of income to rise …
Persistent link: https://www.econbiz.de/10012824912
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10013052680
It is sometimes argued that poorer people choose to work less, implying less welfare inequality than suggested by observed incomes. Social policies have also acknowledged that efforts differ, and that people respond to incentives. Prevailing measures of inequality (in outcomes or opportunities)...
Persistent link: https://www.econbiz.de/10013018722
that this is one of the reasons for persistent poverty and very high income inequality in Botswana today. This leaves us …
Persistent link: https://www.econbiz.de/10013024884
worsening of various income inequality indexes and we estimate poverty rates and headcounts. We then analyze some of the central …
Persistent link: https://www.econbiz.de/10013223305