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The effects of globalization on income distribution within rich and poor countries are a matter of controversy. While … international trade theory in its most abstract formulation implies that increased trade and foreign investment should make income … the impact of openness and direct foreign investment on relative income shares of low and high deciles. We find some …
Persistent link: https://www.econbiz.de/10005119246
The reformulation of the median voter hypothesis and its testing proposed in Milanovic (2000) has been criticized from four different perspectives. The critiques are discussed and assessed.
Persistent link: https://www.econbiz.de/10010335351
The paper tries to explain the increase in inequality that occured in all transition economies by constructing a simple … contrasted with the empirical evidence from annual household income surveys from six transition economies (Bulgaria, Hungary … inequality up was increased inequality of wage distribution. Non-wage private sector contributed strongly to inequality only in …
Persistent link: https://www.econbiz.de/10014197308
inequality has increased (in some, like Russia, dramatically); income from self-employment has remained as unequal as before but …Since the beginning of transition to market economy, inequality has increased in all transition countries. The factors … driving inequality up: increasing wage inequality (as workers move from a relatively egalitarian state sector to a less equal …
Persistent link: https://www.econbiz.de/10014197472
. Using recent data, we show 1) inequality was at historical highs in all the advanced belligerent countries at the turn of … the century, 2) rich wealth holders invested more of their assets abroad, 3) risk-adjusted foreign returns were higher …) increased inequality was associated with higher share of foreign assets in GDP, and 6) increased share of foreign assets was …
Persistent link: https://www.econbiz.de/10012941132
Global inequality between world citizens, using the new PPP data (just published as part of the 2005 ICP), is estimated …
Persistent link: https://www.econbiz.de/10012725895
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 … countries, and by increasing income differences between urban China on the one hand and rural China and rural India on the other …
Persistent link: https://www.econbiz.de/10014178225
through which voters in more unequal countries redistribute a larger proportion of income and thus, it is argued, by blunting … incentives reduce country's growth rate. However, due to the lack of data on factor income (i.e. pre-tax and transfer … find that the data strongly support the hypothesis that countries with more unequal distribution of factor income …
Persistent link: https://www.econbiz.de/10014193137
income position (percentile in world income distribution) is explained by only these two pieces of information. Mean country … income (circumstance) explains 60 percent, and social class (both circumstance and effort) 30 percent of global income … important for the people who "draw" low or high social classes; for the middle classes, income distribution is much less …
Persistent link: https://www.econbiz.de/10014050056
In Asia inequality in income between countries is more important than inequality within countries. In Africa, Latin … expenditure distribution data from 119 countries, Milanovic and Yitzhaki decompose total income inequality between the individuals … for an exact breakdown (without a residual term) of the overall Gini by recipients. Looking first at income inequality in …
Persistent link: https://www.econbiz.de/10014137675