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The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between inequality and redistribution is confirmed, but the...
Persistent link: https://www.econbiz.de/10010335331
This paper updates and extends my earlier work, published in the Journal of Economic Issues, on how the middle class fares throughout the world. My 2007 paper provided a definition of the middle class as well as estimates of the size of the middle class in several nations. It argued that the...
Persistent link: https://www.econbiz.de/10010335353
The paper draws on the LIS data to describe the socio-economic situation of the Middle Classes for a selection of European countries over the last 30 years. The LIS data were used as they cover a wide range of countries, including not only European countries, but also American and Asiatic...
Persistent link: https://www.econbiz.de/10010335473
Our objective in this paper is to assess how middle-income groups are faring with the global turn to the market. We suggest some simple measures of the middle-the size and income shares of households around the median (75/125%)-and their income status relative to wealthier counterparts. Our...
Persistent link: https://www.econbiz.de/10011653003
Did the US middle class benefit from the 1990s economic boom? Did this halt or reverse a middle class decline from the previous decade or more? Is a shrinking middle class strictly a US phenomenon with domestic causes, or is a problem that has plagued most of the world economy? This paper will...
Persistent link: https://www.econbiz.de/10011653006
This paper investigates the channels through which the middle class may matter for consumption growth and development. Determinants of the size and the growth of the middle class are also examined. Using several different middle class measures and a panel of 72 developing countries spanning the...
Persistent link: https://www.econbiz.de/10010507303
We examine the effects of globalization on the size and composition of tax revenues, worker-specific tax burdens, and effective average labor income tax rates using a unique international database on income tax calculators. We find that due to increasing mobility of firms and high-income...
Persistent link: https://www.econbiz.de/10011725459
We revisit the link between poverty, the middle class and institutional outcomes using a newly developed cross-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle class increases (measured as the proportion of people...
Persistent link: https://www.econbiz.de/10010282529
Persistent link: https://www.econbiz.de/10000415570
Persistent link: https://www.econbiz.de/10003728477