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The quest for status is a powerful motivator, but does it affect inequality? This paper presents a novel lab experiment … that was designed and conducted to identify the relationship between inequality, status signaling, debt, and conspicuous … finance exacerbates inequality. The results point to a vicious cycle of inequality and costly borrowing …
Persistent link: https://www.econbiz.de/10012297516
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This paper analyses the influence of financial development on income inequality. Throughout this work, one may find the … impact of the different dimensions of financial development on the level of income inequality. The important added value of … 2003 to 2014 indicate that financial access decreases income inequality. …
Persistent link: https://www.econbiz.de/10012303710
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still face discrimination in accessing financial services. Similarly, a higher income, wealth, and gender inequality, along … countries with high inequalities, high income, and gender inequality diminish its impact. The study also investigates how …
Persistent link: https://www.econbiz.de/10014517670
This paper assesses the accuracy of decomposing income risk into permanent and transitory components using income and consumption data. We develop a specific approximation to the optimal consumption growth rule and use Monte Carlo evidence to show that this approximation can provide a robust...
Persistent link: https://www.econbiz.de/10010292985
. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special …
Persistent link: https://www.econbiz.de/10010293078
from the mine, while district-level consumption inequality increases in all districts belonging to a producing province …
Persistent link: https://www.econbiz.de/10010293203
high levels of inequality. Decomposition analysis shows that poverty reduction in Namibia is largely driven by growth in … mean incomes rather than redistribution. Even so, there have been important changes in inequality, especially between … different social groups, as educational attainment has replaced ethnicity as the main determinant of inequality between groups. …
Persistent link: https://www.econbiz.de/10010293269