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This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the...
Persistent link: https://www.econbiz.de/10012463376
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10012457321
development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we … and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the … poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse …
Persistent link: https://www.econbiz.de/10010522996
distribution has become particularly important in recent decades. We reconfirm the findings of the literature that global poverty …
Persistent link: https://www.econbiz.de/10014512057
distributional problem is not inequality but poverty. The paper considers three sources of poverty and asks what if anything might be …
Persistent link: https://www.econbiz.de/10012472044
We document regularities in the distribution of relative incomes and patterns of investment in countries and over time. We develop a quantitative version of the neoclassical growth model with a broad measure of capital in which investment decisions are affected by distortions. These distortions...
Persistent link: https://www.econbiz.de/10012473450
well-being in place of measures based on current money income docs change conclusions concerning the extent of poverty in … the United Stales. Using the official federal poverty thresholds. we find that the overall consumption poverty rate was … three percentage points below the income poverty rate in 1988. Comparisons of the poverty rates of the elderly and the non …
Persistent link: https://www.econbiz.de/10012475017
This paper investigates the impacts of macroeconomic activity and policy on the poverty population. It is shown that … both the poverty count and the income share of the lowest quintile of income recipients move significantly with the … structure. Special attention is given to changes in the poverty rate over the past decade and to prospective changes in the …
Persistent link: https://www.econbiz.de/10012477518
impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess … the success of current efforts. We construct new measures of the income distribution and poverty with a lag of only a few …, government policy effectively countered its effects on incomes, leading poverty to fall and low percentiles of income to rise …
Persistent link: https://www.econbiz.de/10012481277
incidence of economic harms during the COVID pandemic. We observe a sharp spike in poverty, peaking during India's sharp but …
Persistent link: https://www.econbiz.de/10012794624