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The paper investigates the relationship between capitalism systems and their levels of income and compositional inequality (how the composition of income between capital and labor varies along income distribution). Capitalism may be seen to range between Classical Capitalism, where the rich have...
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The literature on legal traditions focuses on the comparative macroeconomic effects of legal systems concentrating on efficiency alone and leaving distributive issues to taxation. However, the legal structure of a country also conditions the primary distribution of income and can have a...
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policies are created after the 1980 worldwide financial capital in the reorganization of the globalized world with the … natural. Because the world is now a different place. Historically, the analysis we do, we briefly as opposed to a dynamic … capital expansion, before the 1st and 2nd World War battle of inter-imperialist sharing came up. Chronologically, according to …
Persistent link: https://www.econbiz.de/10012985638
This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...
Persistent link: https://www.econbiz.de/10014088240
Optimism about the use of laws, constitutions, and rights to achieve social change has never been higher among practitioners. But the academic literature is skeptical that courts can direct resources toward the poor. This paper develops a nuanced account in which not all courts are the same....
Persistent link: https://www.econbiz.de/10012551020
Empirical studies of the link between finance and inequality document that across countries financial development is associated with lower and decreasing income inequality. This article uses an indicator of economic literacy as a proxy for the ability to reap the benefits of financial investment...
Persistent link: https://www.econbiz.de/10013065254