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Middle class values have long been perceived as drivers of social cohesion and growth. In this paper we investigate the relation between class (measured by the position in the income distribution), values, and political orientations using comparable values surveys for six Latin American...
Persistent link: https://www.econbiz.de/10009530308
This paper provides an analysis of the social consequences of people seeking to keep up with the Joneses. All individuals attempt to reach a higher rank than the Joneses, including the Joneses themselves. This attitude gives rise to an equilibrium in which all individuals have equal utilities...
Persistent link: https://www.econbiz.de/10010528644
more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10010262477
more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011401020
Persistent link: https://www.econbiz.de/10001775016
believe that Latin America has always had very high levels of inequality, suggesting it will be hard for modern social policy … this must always have been true. Indeed, some have argued that high inequality appeared very early in the post … performance we observe there even today. This paper argues to the contrary. Compared with the rest of the world, inequality was …
Persistent link: https://www.econbiz.de/10011396463
Wage inequality in Portugal has increased over the last thirty years, with two distinct periods. The period from 1984 … to the mid-90s witnessed strong increases in both upper- and lower-tail inequality. A shortage of skills combined with … skill-biased technological changes were at the core of this evolution. Since the mid-90s, lower-tail inequality has …
Persistent link: https://www.econbiz.de/10010533127
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter's preferred amount of redistribution...
Persistent link: https://www.econbiz.de/10011307797
Inequality in its different dimensions may undermine the growth process itself through a number of channels. In this … paper we have investigated three major things. First, what is the present scenario of income inequality of the Asian … countries? That is whether inequality in these countries is increasing, decreasing or hovers around some threshold level. Second …
Persistent link: https://www.econbiz.de/10011516928