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by falling poverty and fairly stable, or even declining, income inequality. Subsequently, from about the mid-1970s … onwards, a cumulative process of non-farm diversification took hold, and was accompanied by further growth and poverty decline … growth in inequality and has played a particularly pronounced role in reducing poverty. …
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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 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/10013009245
In this paper, we critically review the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in the preponderance of theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions...
Persistent link: https://www.econbiz.de/10013144022
not only increasing incomes and reducing poverty, but appears as well to be breaking down long-standing barriers to … diversification could thus yield significant returns in terms of declining poverty and increased income mobility. The evidence from …
Persistent link: https://www.econbiz.de/10011395735
We construct and derive the properties of an estimator of welfarewhich takes advantage of the detailed nature of information about living standards available in small household surveys and the comprehensive coverage of a census. By combining the strengths of each, our estimator can be used at a...
Persistent link: https://www.econbiz.de/10011303309