Showing 1 - 10 of 1,847
The role of climate change on economic performance and output has been studied extensively in the empirical literature, however, its distributional effects have received little attention. This paper attempts to fill this gap by investigating whether climate shocks affect income inequality in a...
Persistent link: https://www.econbiz.de/10014455410
Persistent link: https://www.econbiz.de/10011997499
inequality, not particularly because of the impact of income inequality on long-term growth (which is a controversial issue), but … public finance structures and different levels of effectiveness and there is room for improvement in the growth and equality … what is suggested in the literature. Better fiscal rules and good fiscal institutions are needed to safeguard growth- and …
Persistent link: https://www.econbiz.de/10012302041
The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with … expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years …
Persistent link: https://www.econbiz.de/10011285046
We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … conditions less predictable across countries, with important implications for growth. Controlling for concomitant changes in … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …
Persistent link: https://www.econbiz.de/10012608712
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …
Persistent link: https://www.econbiz.de/10011596523
This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...
Persistent link: https://www.econbiz.de/10011773635
The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use detailed micro level information to construct quarterly historical measures of inequality from 1969 to 2012. We investigate whether monetary policy shocks played a role in explaining...
Persistent link: https://www.econbiz.de/10011431334
The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use detailed micro level information to construct historical measures of inequality from 1968 to 2008. We study whether monetary policy shocks played a significant role in explaining this...
Persistent link: https://www.econbiz.de/10010480347
Persistent link: https://www.econbiz.de/10012000054