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Globalization and income inequality : the role of transmission mechanisms

Hennighausen, Tanja - 2014

which globalization should influence the personal distribution of market and disposable incomes as well as redistribution. I … employ panel data covering 28 OECD countries between 1960 and 2010 to analyze the impact of globalization on a set of labor … industrialized countries. Rather, the globalization-induced rise in income dispersion through greater factor price differences is …

Persistent link: https://www.econbiz.de/10010354569

Trade policy and the household distribution of income

Francois, Joseph F.; Rojas-Romagosa, Hugo - 2004

We explore the relationship between import protection and the household distribution of income. We first develop a general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between tariffs, development level, and observed household...

Persistent link: https://www.econbiz.de/10011335217

Human capital and income inequality

Lee, Jong-Wha; Lee, Hanol - 2018

growth and rapid progress in globalization and technological change, which have surpassed the income-equalizing effects from …

Persistent link: https://www.econbiz.de/10011797411

Global and domestic inequalities and the political economy of the midde-income trap

Flechtner, Svenja; Panther, Stephan - 2017

Some middle-income economies, many of which Latin American, have not achieved to make the transition into high-income status for long years and are allegedly trapped in middle-income status. While there is considerable consensus on the proximate causes of this phenomenon, we present a global...

Persistent link: https://www.econbiz.de/10011957945

Convergence or divergence patterns in income distribution across countries : a new evidence from a club clustering algorithm

Espoir, Delphin Kamanda - In: Cogent economics & finance 10 (2022) 1, pp. 1-32

Since globalisation accelerated in the early 1990s, income inequality has increased in most developed countries and in some middle-income countries, including China and India. Also, inequality has declined in most countries of Latin America and the Caribbean and in many Sub-Saharan African and...

Persistent link: https://www.econbiz.de/10013462042

Polarization : Concepts, Measurement, Estimation

Duclos, Jean-Yves; Esteban, Joan Maria; Ray, Debraj - 2003

The purpose of this paper is two-fold. First, we develop the measurement theory of polarization for the case in which asset distributions can be described using density functions. Second, we provide sample estimators of population polarization indices that can be used to compare polarization...

Persistent link: https://www.econbiz.de/10014088525

Macroeconomic and Distributional Effects of Globalisation

(SAMA), Saudi Arabian Monetary Agency - 2019

This note aims to shed light on the possible consequences of globalisation for the global economy. It assesses the effects of international financial and trade integration, migration and remittances on economic growth, as well as those of protectionist trade policies, with special attention to...

Persistent link: https://www.econbiz.de/10012893160

Relative Income, Happiness and Utility : An Explanation for the Easterlin Paradox and Other Puzzles

Clark, Andrew; Frijters, Paul; Shields, Michael A. - 2021

The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income and individual measures of subjective well being. This...

Persistent link: https://www.econbiz.de/10013316988

When Aiyagari meets Piketty : Growth, Inequality and Capital Shares

Juuti, Toni; Heimonen, Kari; Junttila, Juha-Pekka; … - 2021

We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...

Persistent link: https://www.econbiz.de/10013239632

Income shares, secular stagnation, and the long-run distribution of wealth

Petach, Luke; Tavani, Daniele - 2018

Four alarming stylized facts have characterized the recent economic history of the United States: (i) a fall in labor productivity; (ii) a fall in the labor share, (iii) an increase in the capital income ratio, and (iv) an increase in the wealth share owned by top income earners. In this paper,...

Persistent link: https://www.econbiz.de/10011926938

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