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the consumption of groups of individuals that share similar time-invariant characteristics, consistent with the pseudo-panel … methodology. When the panel data are available, we track the consumption of each individual in order to generate the non …
Persistent link: https://www.econbiz.de/10010494239
Central to the scientific debate about the 'informal sector' and the validity of the concept used to be a twofold challenge. The crux laid not only in the objective to explain the widely visible persistence of the informal economy in developing countries, but also in the identification of its...
Persistent link: https://www.econbiz.de/10010487530
This paper provides a survey of the economic literature relevant to social instability in China and moulds it into an argument. The objective is to offer a fresh view of economic policy and performance through the lens of the threat posed by social instability. This is a concept that economists...
Persistent link: https://www.econbiz.de/10010875325
Income inequality and income distribution have always represented a foremost topic with important economic, political … the underlying causes of the persistent income inequality from the recent decades performing the analysis from the …
Persistent link: https://www.econbiz.de/10010934764
The Club de Madrid and the Maastricht School of Management wanted to respond to the challenge of encouraging new thinking on the link between economic performance and social conditions. We invited a range of thinkers and writers from intergovernmental bodies, policy think tanks, academia and...
Persistent link: https://www.econbiz.de/10010925456
negative correlation between social capital and inequality. This chapter provides some empirical findings on Italy that confirm …
Persistent link: https://www.econbiz.de/10009654306
I review the literature on the effects of inequality on growth and development in the developing world. Two stylized … facts emerge from empirical studies: inequality is more likely to harm growth in countries at low levels of income (below … about $3200 per capita in 2000 dollars); and it is at high levels of inequality (at or above a Gini coefficient of .45) that …
Persistent link: https://www.econbiz.de/10005162630
The empirical literature on the relationship between inequality and growth offers a contradictory assessment …-based methods are prone to reflect the mostly positive shortor medium-run implications of inequality while the level … overall impact of inequality in the long run. …
Persistent link: https://www.econbiz.de/10008677234
better than income inequality when both are treated as endogenous. To do so, we identify instruments for ethnic … fractionalization and income inequality based on historical experience. Using instrumental variables estimation, we find that ethnic … fractionalization explains the level of income both when income inequality is included as a control in the estimation and when it is not …
Persistent link: https://www.econbiz.de/10008678274
capital falls in the diversified regime. Also, there exists constant level of between group income inequality in the imitation …-only and innovation-only regimes. However, wage and income inequality between skilled and unskilled human capital rises as an … economy bridges its gap from the world technology frontier. There exists constant level of income inequality within skilled …
Persistent link: https://www.econbiz.de/10011109879