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. Policymakers should consider the links between inequality and informality because badly designed informality-reducing policies may …Higher inequality reduces capital accumulation and increases the informal economy, which creates additional employment … distribution by providing sources of income for unemployed and marginalized workers. Despite this positive feedback, informality …
Persistent link: https://www.econbiz.de/10013254304
The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
Persistent link: https://www.econbiz.de/10011409823
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011499894
heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014384038
Persistent link: https://www.econbiz.de/10011327157
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government …-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve … along this pattern, a vicious cycle could form with reduced social concern amplifying primal increases in inequality due to …
Persistent link: https://www.econbiz.de/10013112981
Many societies today are experiencing growing inequality in terms of wealth, income, health, education, resources or …, participants were more likely to cooperate when inequality of initial payments was perceived as fair, and less likely to contribute … when inequality was perceived as unfair. We disentangle the effects of inequality and fairness on behavior, and underscore …
Persistent link: https://www.econbiz.de/10012872244
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government …-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve … along this pattern, a vicious cycle could form with reduced social concern amplifying primal increases in inequality due to …
Persistent link: https://www.econbiz.de/10013006909
national, state, and district-level figures for overall, within and between consumption inequality. We find an increase in … inequality in India but only since 2004. We also document an increase in between group (or horizontal) inequality over the entire … period. We then investigate the impact of ethnic fragmentation and public good provision on inequality. We hypothesize that …
Persistent link: https://www.econbiz.de/10011540190
In the aftermath of the financial crisis, attention concerning inequality as a risk factor has risen. Nevertheless … studies, focusing on the implications of inequality as a collective risk, remain seldom. Therefore the following paper will … discuss why inequality is indeed a collective risk, leading to a social dilemma as known from game theory. The first section …
Persistent link: https://www.econbiz.de/10010425855