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Income Growth and the Distributional Effects of Urban Spatial Sorting
Couture, Victor - 2019
We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city with heterogeneous agents and non-homothetic preferences for neighborhoods with endogenous amenity quality. As the rich...
Persistent link: https://www.econbiz.de/10012864806
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Finance and Inequality : Theory and Evidence
Demirgüç-Kunt, Asli - 2010
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
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Globalization and Inequality : Evidence from within China
Wei, Shang-Jin; Wu, Yi - 2021
, 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
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Is that Really a Kuznets Curve? Turning Points for Income Inequality in China
Ravallion, Martin; Chen, Shaohua - 2023
The path of income inequality in post-reform China has been widely interpreted as “China’s Kuznets curve.” We show that … the Kuznets growth model of structural transformation in a dual economy, alongside population urbanization, has little … 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
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Stirring Up a Hornets' Nest : Geographic Distribution of Crime
Galiani, Sebastian - 2016
This paper develops a model of the geographic distribution of crime in an urban area. When the police protect some neighborhoods (concentrated protection), the city becomes segregated. When the police are evenly deployed across the city (dispersed protection), an integrated city emerges. Unequal...
Persistent link: https://www.econbiz.de/10012994380
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Social Insurance and Public Assistance in the Twentieth-Century United States : 2019 Presidential Address for the Economic History Association
Fishback, Price V. - 2022
The growth of American governments in the twentieth century included large increases in funds for social insurance and public assistance. Social insurance has increased far more than public assistance, so “rise in the social insurance state” is a far better description of the century than...
Persistent link: https://www.econbiz.de/10013306637
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Pitfalls of a State-Dominated Financial System : The Case of China
Boyreau-Debray, Genevieve; Wei, Shang-Jin - 2021
also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state … within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the …
Persistent link: https://www.econbiz.de/10013215373
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Housing Inequality
Albouy, David - 2016
Inequality in U.S. housing prices and rents both declined in the mid-20th century, even as home-ownership rates rose. Subsequently, housing-price inequality has risen to pre-War levels, while rent inequality has risen less. Combining both measures, we see inequality in housing consumption...
Persistent link: https://www.econbiz.de/10013000510
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Why Has Regional Income Convergence in the U.S. Declined?
Ganong, Peter - 2019
The past thirty years have seen a dramatic decline in the rate of income convergence across states and in population flows to high-income places. These changes coincide with a disproportionate increase in housing prices in high-income places, a divergence in the skill-specific returns to moving...
Persistent link: https://www.econbiz.de/10012901489
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Your Place in the World : The Demand for National and Global Redistribution
Fehr, Dietmar - 2019
Some of today's most heated policy debates about Brexit, trade wars, climate change abatement, and migration involve redistribution of resources within a given country (national redistribution) and between countries (global redistribution). Nevertheless, theories and evidence on preferences for...
Persistent link: https://www.econbiz.de/10012857817