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Wealth inequality and economic growth : evidence from the world inequality database
Steenbrink, Rachel; Skali, Ahmed - 2024
Although it is often argued that wealth inequality matters more for economic growth than income inequality, this … timeframe. Leveraging hitherto unexploited wealth inequality data from the World Inequality Database, covering a panel of 165 … at the top of the distribution and economic growth. A one standard deviation increase in wealth inequality within …
Persistent link: https://www.econbiz.de/10014553772
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Chapter 26. Social Capital
Durlauf, Steven N.; Fafchamps, Marcel - 2005
This chapter surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10014023761
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Foot Voting, Decentralization, and Development
Somin, Ilya - 2019
We can enhance development by making it easier for people to “vote with their feet” between jurisdictions. Few, if any, policy reforms can achieve such enormous increases in economic growth and opportunity. Foot voting is, in several crucial respects, a better mechanism of political...
Persistent link: https://www.econbiz.de/10012899463
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Demography, Democracy, Development and Urban Protest in Sub-Saharan Africa
Fox, Sean - 2021
emerge: urban protest incidence is negatively associated with a country’s level of urbanization and degree of press freedom …
Persistent link: https://www.econbiz.de/10013221898
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A simple model of inequality, occupational choice, and development
Ghatak, Maitreesh; Jiang, Neville Nien-Huei - London School of Economics and Political Science - 2001
We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...
Persistent link: https://www.econbiz.de/10008911474
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Top lights : bright cities and their contribution to economic development
Bluhm, Richard; Krause, Melanie - 2018
The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...
Persistent link: https://www.econbiz.de/10011951641
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My journey through the history of development economics
Thorbecke, Erik - 2018
African development; (ii) income distribution, inequality, and poverty; and (iii) economic structure, interdependence, and …
Persistent link: https://www.econbiz.de/10011927692
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Inequality and human development : the role of different parts of the income distribution
Castells-Quintana, David; Gradín, Carlos; Royuela, Vicente - 2022
In this paper we reassess the relationship between inequality and human development, focusing on the differential … distributive data consistent across countries and over time (World Income Inequality Database companion datasets). We show how the … concentration of income at the bottom and top, rather than overall inequality, is negatively associated with human development. This …
Persistent link: https://www.econbiz.de/10013380766
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The relation between economic development and business ownership revisited
Carree, Martin Anthony; Stel, Adriaan J. van; Thurik, … - 2007
This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic development. Two extensions of the...
Persistent link: https://www.econbiz.de/10011372525
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From worship to worldly pleasures : secularization and long-run economic growth
Strulik, Holger - 2012 - This version: May 2012
In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...
Persistent link: https://www.econbiz.de/10010357676