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I review the literature on the effects of inequality on growth and development in the developing world. Two stylized facts emerge from empirical studies: inequality is more likely to harm growth in countries at low levels of income (below about $3200 per capita in 2000 dollars); and it is at...
Persistent link: https://www.econbiz.de/10012729524
During the past 20 years, Haiti's development efforts have been stifled by natural disasters, poverty, and inequality. Given all of the current challenges facing Haiti, the World Bank Group country partnership framework aims to support the country's efforts to provide economic opportunities for...
Persistent link: https://www.econbiz.de/10012897526
This paper offers a comprehensive econometric investigation of the impact of income inequality on the values endorsed by people. Using survey data from all thirty-four OECD countries over a period of almost thirty years, the following dimensions of value systems are investigated: work ethic,...
Persistent link: https://www.econbiz.de/10010333727
This paper offers a comprehensive econometric investigation of the impact of income inequality on the values endorsed by people. Using survey data from all thirty-four OECD countries over a period of almost thirty years, the following dimensions of value systems are investigated: work ethic,...
Persistent link: https://www.econbiz.de/10009571581
Governments perpetually align their policies to satisfy shifts in voters' relative demand for economic growth versus social equality. Following such shifts, increases (decreases) in government interventions lower (raise) both inequality and growth. This pattern is stronger in egalitarian...
Persistent link: https://www.econbiz.de/10014185716
Persistent link: https://www.econbiz.de/10011910981
Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack of diversification in Africa's economies-in contrast to...
Persistent link: https://www.econbiz.de/10011396968
This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more than 70 countries during the 1960-2005 period. We calculate various polarization indices using existing micro-level datasets, as well as datasets reconstructed from grouped data on...
Persistent link: https://www.econbiz.de/10010335431
Politische Unruhen, Bürgerkriege und im Extrem Völkermord sind einige der Gründe für die enttäuschende Wirtschaftsentwicklung in vielen Entwicklungsländern in den letzten Jahrzehnten, vor allem in Afrika. Perioden andauernder Gewalt beeinflussen auch die Verteilung von Einkommen in den...
Persistent link: https://www.econbiz.de/10011602068
This paper analyzes the distributive impacts of violent conflicts, which is in contrast to previous literature that has focused on the other direction. We use cross-country panel data for the time period 1960-2005 to estimate war-related changes in income inequality. Our results indicate rising...
Persistent link: https://www.econbiz.de/10010269837