In general, most countries of the former Eastern bloc have experienced poor growth performance and large increases in income inequality during the transition process. The most obvious success story in the process of transition to date has been Poland, which has outstripped other transition...

A rise in civil unrest across the globe has been observed. Studies have found that economic failings are associated with these civil conflicts. One important aspect of economic failing is the skewed distribution of wealth and income. The ideology of globalisation is found to create and justify...

Poland undertook a rapid and decisive set of political and economic reforms starting in 1989-90, a period that has become known as the big bang. A widely held view is that, in all of the transition economies, the economic upheaval associated with the process of transition has led to substantial...

Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...

The aim of this paper is to investigate the relationship between increasing inequality and financial fragility in an agent based macroeconomic model. We analyse the effects of a non-linear relationship between wealth and consumption on the evolution of the economic system. Preliminary results...

Using a panel data set for 18 Asian countries over the period 1970-2008, this study explores the relationship between economic growth and income inequality with special focus on the role of credit market imperfections in shaping the linkage. The study identifies credit market imperfections in...

This paper presents and analyzes a group of statistics which characterize the level and evolution of the labor income polarization in Greater Buenos Aires over the past two decades (1986-2006). The empirical evidence reveals two stages throughout those years: the first one distinguished by an...

We develop a model in which individuals choose education to improve their earnings and regulate the cultural traits they acquire via social transmission. When education makes individuals more receptive to mainstream culture, minority groups underinvest in education as a form of cultural...

The paper analyses inequality in housing conditions for India for two time period 2008-09 and 2012. Housing conditions are important determinants of health status. Access to descent housing and basic amenities is essential to improve health status of people. Given this backdrop, we examine the...

This paper follows the 9/11 paper presented at METU in the previous year. It attempts to analyse the fundamental features of the world economy giving rise to the present military phase. It argues that globalisation is a self-limiting process. Fundamental long-term developments, arising out of...