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We consider a setup in which infinitely lived households face idiosyncratic investment risk and show that in this case the equilibrium distribution of wealth becomes increasingly right-skewed over time until wealth concentrates entirely at the top. The households in our setup are identical in...
Persistent link: https://www.econbiz.de/10011051920
data. It applies the Machado and Mata (2005) decomposition, finding sharp increases in inequality largely due to changes in …—widened inequality. The gender gap continued to rise, as did the gap between white collar and blue collar workers, and between …
Persistent link: https://www.econbiz.de/10011052009
We identify a group of people in Latin America that are not poor but not middle class either—namely “strugglers” in households with daily income per capita between $4 and $10 (at constant 2005 PPP). This group will account for about a third of the region’s population over the next...
Persistent link: https://www.econbiz.de/10011052064
Education is widely perceived to be a tonic for the rising inequality that often accompanies development. But most … higher inequality—not the lower Gini coefficients many would expect. Since most developing countries tilt their spending …’s Millennium Campaign, could end up raising inequality in much of the developing world. …
Persistent link: https://www.econbiz.de/10011052094
Estimates of the historic and future scale and location or “geography” of global poverty by income/expenditure have a long and contentious history. In recent projections made on global poverty, methods and assumptions vary so widely it is impossible to compare studies in a systematic way...
Persistent link: https://www.econbiz.de/10011052137
inequality according to the contribution of its subcomponents. We illustrate our methodology for Mexico’s last three census … rounds. Municipal-based human development has increased over time and inequality between municipalities has decreased. The … wealth component has increasingly accounted for most of the existing inequality in human development during the last 20years. …
Persistent link: https://www.econbiz.de/10011052171
We analyze the relationship between wealth inequality and caste divisions in India using nationally representative …. Using the ANOGI decomposition technique, we estimate that between-caste inequality accounted for about 13% of overall wealth … inequality in 2002–03. The stratification parameters indicate that the forward caste Hindus overlap little with the other caste …
Persistent link: https://www.econbiz.de/10011052176
This paper develops methodology for nonparametric estimation of a measure of the overlap of two distributions based on kernel estimation techniques. This quantity has been proposed as a measure of economic polarization between two groups, Anderson (2004) and Anderson et al. (2010). In ecology...
Persistent link: https://www.econbiz.de/10011052299
use of native slavery. The slavery variables are highly correlated with current levels of inequality. The correlation … between our slavery use variables and inequality is stronger than that observed between inequality and development, geographic … past may be an important determinant of the levels of inequality observed today across the globe. …
Persistent link: https://www.econbiz.de/10011052861
To understand the “pure” incentives of altruism, economic laboratory research on humans almost always forbids communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which clearly must influence choices. Charities, for example,...
Persistent link: https://www.econbiz.de/10011056196