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Global GDP is more than 100 trillion dollars, yet 10% of the world's population still live in extreme poverty on less than $1.90 per day. No one should have to live like that: alleviating poverty is a minimal moral obligation implied by nearly every secular and religious moral system....
Persistent link: https://www.econbiz.de/10012865676
Mainstream academia’s and neoliberal economists’ failure to exhaustively explain the roots of the 2008 crisis and point a way towards how the world can fully recover from it, made radical theories of poverty and income inequality more popular and relevant as ever. Official World Bank...
Persistent link: https://www.econbiz.de/10014235666
Introduction: Policies for All Seasons: The Post-Cold War Era -- Part I Inequality -- Income Inequality and Effectiveness in Redistribution -- Changing Perspectives on Inequality and Development -- Income Inequality and Labour -- Unions and Wage Inequality -- Economic Transformation and the...
Persistent link: https://www.econbiz.de/10013472647
Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum wage do not live in poor (or near-poor) families. A...
Persistent link: https://www.econbiz.de/10010366925
Raising the minimum wage in developing countries could increase or decrease poverty, depending on labor market characteristics. Minimum wages target formal sector workers - a minority in most developing countries - many of whom do not live in poor households. Whether raising minimum wages...
Persistent link: https://www.econbiz.de/10011416331
Raising the minimum wage in developing countries could increase or decrease poverty, depending on labor market characteristics. Minimum wages target formal sector workers - a minority in most developing countries - many of whom do not live in poor households. Whether raising minimum wages...
Persistent link: https://www.econbiz.de/10011934101
The "Minimum Vital Income" (IMV) constitutes a novelty in the panorama for fighting poverty by guaranteeing minimum incomes after the COVID-19 crisis. This work simulates the distributional and poverty effects of the IMV introduction across Spanish regions using EUROMOD. Our results show that...
Persistent link: https://www.econbiz.de/10012439058
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