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The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards and labor productivity are all linked to factor endowments, to one where (endogenous) productivity change embedded in modern industrial growth breaks that link. Recently,...
Persistent link: https://www.econbiz.de/10012760115
Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...
Persistent link: https://www.econbiz.de/10013222904
In this paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …, the urban-rural income inequality. This pattern in the data suggests that inferences based solely on China's national …
Persistent link: https://www.econbiz.de/10013219685
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled … the past decade, China has made substantial investments in producing it. The egalitarian access to medium skilled …. China's growth will be fostered by expanding access to all levels of education, reducing impediments to labor mobility, and …
Persistent link: https://www.econbiz.de/10013106083
The path of income inequality in post-reform China has been widely interpreted as “China’s Kuznets curve.” We show that … agrarian policy reforms. Our findings warn against any presumption that the Kuznets process will assure that China has passed …
Persistent link: https://www.econbiz.de/10014358039
The link between happiness and overall inequality is best studied using an index that incorporates different aspects of inequality, and is measured consistently in different countries. One such index is the degree to which happiness itself varies among individuals. Its correlation with both...
Persistent link: https://www.econbiz.de/10013000535
We study quot;habituationquot; to income and to status using individual panel data on the happiness of 7,812 people living in Germany from 1984 to 2000. Specifically, we estimate a quot;happiness equationquot; defined over several lags of income and status and compare the long run effects. We...
Persistent link: https://www.econbiz.de/10012776806
We test for whether, once "basic needs" are satisfied, there is happiness adaptation to further gains in income using three data sets. Individual German Panel Data from 1985-2000, and data on the well-being of over 600,000 people in a panel of European countries from 1975-2002, shows different...
Persistent link: https://www.econbiz.de/10013237594
pattern of reference groups in urban areas and to identify channels of positive and negative spillovers on life satisfaction …
Persistent link: https://www.econbiz.de/10012751075
What impact does inequality have on metropolitan areas? Crime rates are higher in places with more inequality, and people in unequal cities are more likely to say that they are unhappy. There is also a negative association between local inequality and the growth of both income and population,...
Persistent link: https://www.econbiz.de/10012751245