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The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010959810
inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a … top decile's income share is associated with a statistically significant 0.12 point rise in GDP growth during the …
Persistent link: https://www.econbiz.de/10008506067
We analyze the association between inequality and growth across 72 labor market regions in Sweden 1990-2006. Highly … accurate measures of growth and inequality (gini, Q3, p9075, p5010) are derived from population register data. The regional set … inequality enhances growth by stimulating commuting incentives. …
Persistent link: https://www.econbiz.de/10008839277
is evidence about real income levels and inequality, and the prevalence of affluence and of poverty. …
Persistent link: https://www.econbiz.de/10011167205
This paper provides a self-contained introduction to the British Household Panel Survey (BHPS), concentrating on aspects relevant to analysis of the distribution of household income. I discuss BHPS design features and how data on net household income are derived. The BHPS net household income...
Persistent link: https://www.econbiz.de/10008682961
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10011128023
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10011265664
end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …. Inequality and group income are positively correlated for poor groups, but negatively correlated for rich groups. There is very … strong path dependence: inequality in early periods is strongly negatively correlated with group income in later periods …
Persistent link: https://www.econbiz.de/10010959700
We explore the relationship between the level of village inequality in 1986, and the subsequent growth of household … inequality is negatively related to subsequent household income growth. We are able to address a number of econometric issues … correlated with household income growth: Whatever factor drives the inequality-growth relationship only operates in the “long run …
Persistent link: https://www.econbiz.de/10005761996
growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity … dramatic transformations in the past century. While classical economists advanced the hypothesis that inequality is beneficial … for growth, the neoclassical paradigm dismissed the classical hypothesis and suggested that income distribution has …
Persistent link: https://www.econbiz.de/10009646300