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The US has exceptionally high inequality of disposable household income (i.e., income after accounting for taxes and transfers). Among working-age households (those with no persons over age 60), that high level of inequality is caused by a high level of market income inequality (i.e., income...
Persistent link: https://www.econbiz.de/10011725483
The median voter hypothesis has been central to an extensive literature on consequences of income distribution. For example, it has been proposed that greater inequality is associated with lower growth, because of the greater redistribution that is sought by the median voter when income...
Persistent link: https://www.econbiz.de/10005076939
The paper discusses recent world income inequality calculations by Sala- i-Martin. It shows that the two main problems with which the author had to grapple (too few data to derive countries’ income distributions, and sparseness of such data in time) are not solved in a satisfactory fashion....
Persistent link: https://www.econbiz.de/10005134630
Persistent link: https://www.econbiz.de/10001340695
Inequality in world income is very high, according to household surveys, more because of differences between mean country incomes than because of inequality within countries. World inequality increased between 1988 and 1993, driven by slower growth in rural per capita incomes in populous Asian...
Persistent link: https://www.econbiz.de/10014178225
Suppose that all people in the world are allocated only two characteristics: country where they live and social class within that country. Assume further that there is no migration. We show that 90 percent of variability in people's global income position (percentile in world income...
Persistent link: https://www.econbiz.de/10014050056
The paper discusses recent world income inequality calculations by Sala-i-Martin. It shows that the two main problems with which the author had to grapple (too few data to derive countries' income distributions, and sparseness of such data in time) are not solved in a satisfactory fashion. They,...
Persistent link: https://www.econbiz.de/10014085522
Some economists have argued that the process of disintegration of world economy between the two World Wars has led to increased income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence, and consequently that income divergence...
Persistent link: https://www.econbiz.de/10014105176
The paper uses the data from Francois Quesnay's writings to derive a social table for pre-revolutionary France, estimate country's mean income and income distribution. These Quesnay-based estimates are compared with more recent estimates of 18th century French incomes and inequality
Persistent link: https://www.econbiz.de/10013134807
Was the Euro-Mediterranean region at the time of the Roman empire and its Western successor states, more unequal than the European Union is today? We use some scant evidence on personal income distribution within the Empire and differences in average regional incomes to conclude that the Empire...
Persistent link: https://www.econbiz.de/10013081952