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proved to be enough to shed light on the length and timing before high inequality implies regime change. Thus, this work may …
Persistent link: https://www.econbiz.de/10012234216
per capita affect income inequality and how they differ. The results suggest a U-shaped relationship of both measures of … GDP per capita is used, inequality is higher, leading to the conclusion that countries with policies that inflate GDP … behavioral similarity between the income of the richest 10% of population and income inequality. Lastly, there is also a …
Persistent link: https://www.econbiz.de/10013473321
between inequality and growth in the post World War II period using WIDER inequality database. Regression results suggest that …This paper examines the causal relationship between inequality and a number of macroeconomic variables frequently found … in the inequality and growth literature. These include growth, openness, wages, and liberalisation. We review the …
Persistent link: https://www.econbiz.de/10013318995
Persistent link: https://www.econbiz.de/10013270568
opportunities affect inequality and aggregate income dynamics. The economy is populated by households who can invest in alternative … concerning income inequality and social mobility. Finally, we test the impact of redistributive fiscal policies, showing that … raising long-run aggregate income and decreasing income inequality. Moreover, policy timing is important: fiscal policies that …
Persistent link: https://www.econbiz.de/10012584308
opportunities affect inequality and aggregate income dynamics. The economy is populated by households who can invest in alternative … concerning income inequality and social mobility. Finally, we test the impact of redistributive fiscal policies, showing that … raising long-run aggregate income and decreasing income inequality. Moreover, policy timing is important: fiscal policies that …
Persistent link: https://www.econbiz.de/10013220316
interplay of technical change and market power, and the resulting macroeconomic consequences in terms of higher inequality and …
Persistent link: https://www.econbiz.de/10013220359
-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the … 2000s. The direct effect of international openness on income inequality is also found to be positive. On the other hand, a … cross-country-growth equation shows a negative effect of income inequality on economic growth, holding fixed a familiar set …
Persistent link: https://www.econbiz.de/10011282136
Persistent link: https://www.econbiz.de/10010247704
innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be … influenced by level of innovations. This indicates that while institutions and innovations can be inequality-inducing, their …The present paper assesses the interactions between innovation and economic institutions within the context of the …
Persistent link: https://www.econbiz.de/10014434530