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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
In a number of high-income countries over the past few decades there has been a large growth in income inequality and … an appropriate response to rising inequality is a shift towards a more progressive multi-bracket income tax system, with …
Persistent link: https://www.econbiz.de/10010374096
United States (1921-2012) to estimate two Gini-like indices representing inequality at the bottom and the top of the income … to be mostly explained by an increase in inequality at the bottom of the income distribution, which more than offsets the … decrease in inequality at the top. The implication is that middle incomes gained relative to high incomes, but especially …
Persistent link: https://www.econbiz.de/10010462516
investigate perceived social position and income inequality in six different countries between the 1990's and 2000's in order to … inequality in perceptions. Consequently, the dynamics of perceptions can help explain, for example, the empirical evidence … with increasing inequality detected in some countries. …
Persistent link: https://www.econbiz.de/10011484327
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10011294713
We study the effects of macroeconomic shocks on several measures of economic inequality obtained from U.S. survey data … macroeconomic shocks on economic inequality depend on the type of shock as well as on the measure of inequality considered …. Contractionary monetary policy shocks increase expenditure and consumption inequality, whereas income and earnings inequality are …
Persistent link: https://www.econbiz.de/10011954069
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in …: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium … declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality …
Persistent link: https://www.econbiz.de/10012052312
Using data from the Survey of Consumer Finances, this paper updates and extends previous research on the racial wealth gap in the United States. We explore several hypotheses that help explain differential wealth accumulation by racial groups, including the importance of receiving inheritances...
Persistent link: https://www.econbiz.de/10012131621
We conduct a review of the existing academic literature to outline possible links between climate change and inequality … inequality. Finally, while federal aid and insurance coverage can mitigate the direct impact of physical risks, their structure … research on the nexus between inequality and climate change. …
Persistent link: https://www.econbiz.de/10012660379
This paper analyses how inequality across counties in the United States of America has shaped the impact of the COVID …-level inequality at the start of the pandemic. The results show that more stringent measures to contain the pandemic were instrumental … in driving the incidence of protests, but only in counties with high levels of inequality before the start of the …
Persistent link: https://www.econbiz.de/10012489787