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between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …Understanding the relationship between income inequality and economic growth is of utmost importance to economists and …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
Persistent link: https://www.econbiz.de/10012404500
This article presents a novel explanation why demand for redistribution on average does not respond to information on low intergenerational mobility. Building on insights from behavioral economics, we expect that incentives to update perceptions of intergenerational mobility change along the...
Persistent link: https://www.econbiz.de/10014345626
A substantive amount of lab experimental evidence suggests that the norm of reciprocity has important economic consequences. However, it is unclear whether the norm of reciprocity survives in a natural and competitive environment with experienced agents. For this purpose we analyze data from a...
Persistent link: https://www.econbiz.de/10014051196
Whereas the supply of redistribution is relatively easy to measure, the determinants of the demand for redistribution are controversially discussed in international literature. Economic theory typically models redistribution as the result of a voting mechanism; this is only inadequately...
Persistent link: https://www.econbiz.de/10013096267
relationship between poverty and disability. Further, our analysis suggests for higher level of poverty and income inequality among …
Persistent link: https://www.econbiz.de/10005031403
The inequality growth during the last quarter century is explained as caused by a decreasing labor-labor exchange rate …, Japan, United Kingdom and United States) and Denmark (known for the world least inequality). Finally, it is shown that the … dependence between the degree of inequality and the degree of decline of the labor-labor exchange rate is statistically highly …
Persistent link: https://www.econbiz.de/10011436952
We adapt the standardized Poverty Line Estimation Analytical Software (PLEASe) computer code stream based on Arndt and Simler's (2010) utility-consistent approach to analyse poverty in Ethiopia in 2000, 2005, and 2011. Several data-related issues create challenges to estimating the spatial and...
Persistent link: https://www.econbiz.de/10011414977
In seeking to understand inequality today, a great deal can be learned from history. However, there are few countries … for which the long-run development of income inequality has been charted. Many countries have records of incomes, taxes … and social support. This paper presents a new methodology constructing income inequality indices from such data. The …
Persistent link: https://www.econbiz.de/10011613158
We show that measures of inequality of opportunity (IOP) fully consistent with Roemer (1998)’s IOP theory can be …
Persistent link: https://www.econbiz.de/10012179441
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...
Persistent link: https://www.econbiz.de/10012197609