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The theoretical literature has predicted that inequality affects long-run growth by reducing human and physical capital, particularly in the presence of imperfect credit markets and other contractual frictions. We test these four mechanisms using measures of inequality at the country-level,...
Persistent link: https://www.econbiz.de/10012835129
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addition, taxes and transfers contribute less to income redistribution than in other OECD countries. If well designed, reforms …
Persistent link: https://www.econbiz.de/10014156732
In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality data and special attention to the role of transition countries. We base our analysis on the specification of Forbes (2000), but also address the functional form concerns raised...
Persistent link: https://www.econbiz.de/10011454086
In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality data and special attention to the role of transition countries. We base our analysis on the specification of Forbes (2000), but also address the functional form concerns raised...
Persistent link: https://www.econbiz.de/10011536688
This paper examines the implications of automation capital in a Solow growth model with two types of labour. We study the transition from standard production to production using automation capital which substitutes low-skilled workers. We assume that despite advances in technology, AI and...
Persistent link: https://www.econbiz.de/10012125628
This paper produces a comprehensive assessment of income redistribution to the working-age population, covering OECD … countries over the last two decades. Redistribution is quantified as the relative reduction in market income inequality achieved … overall redistribution, the respective role of various categories of transfers for transfer redistribution; as well as …
Persistent link: https://www.econbiz.de/10011870048
which this ratio increases coincide with those in which Democrats rule the government and there is more redistribution from … the power are characterized by a fall in the ratio and less redistribution from the rich to the rest of the population …
Persistent link: https://www.econbiz.de/10011913675
blocks of lifetime disparities. We look at lifetime inequality and the redistribution properties of taxes and benefits using … the lowest earnings capacity, the tax and benefits system does achieve life-cycle redistribution. Other policies like …
Persistent link: https://www.econbiz.de/10010237142