Showing 1 - 10 of 46
This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in … developing economies. We find that reductions in inequality during growth upswings are largely reversed during growth slowdowns … channel through which fluctuations in growth affect future dynamics in inequality. These findings suggest that both the …
Persistent link: https://www.econbiz.de/10012001589
Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of … the GFC. This increase is due to a rise in market income inequality that was compounded by a reduction in fiscal … redistributive efficiency. The COVID-19 crisis is likely to deepen income inequality, increasing the room for redistributive policies …
Persistent link: https://www.econbiz.de/10012300609
We introduce two types of agent heterogeneity in a calibrated epidemiological search model. First, some agents cannot afford staying home to minimize their virus exposure, while others can. Our results show that these poor agents bear most of the epidemic's health costs. Moreover, we show that...
Persistent link: https://www.econbiz.de/10012302063
Inequality is increasingly a concern. Fiscal and structural policies are well-understood mitigators. However, less is … known about the potential role of monetary policy. This paper investigates how inequality matters for monetary policy within … a tractable Two-Agent New Keynesian model that captures important dimensions of inequality. We find some support for …
Persistent link: https://www.econbiz.de/10012391912
We study the economic effects of information technology (IT) adoption during the COVID-19 pandemic. Using data on IT adoption covering almost three million establishments in the US, we find that technology adoption can partly shield the economy from the impact of the pandemic. In areas where...
Persistent link: https://www.econbiz.de/10012391986
In this paper we analyze the dynamics among past major pandemics, economic growth, inequality, and social unrest. We … increase in social unrest by reducing output and increasing inequality. We also find that higher social unrest, in turn, is … associated with lower ourput and higher inequality, pointing to a vicious cycle. Our results suggest that without policy measures …
Persistent link: https://www.econbiz.de/10012392066
The COVID-19 pandemic risks exacerbating inequality in Asia. High frequency labor surveys show that the pandemic is … to increase inequalities. As a result, income inequality, which was already high and rising in Asia before the pandemic …
Persistent link: https://www.econbiz.de/10012392069
education spending, identify sources of inefficiencies and inequality, and formulate potential reform options. The analytical …
Persistent link: https://www.econbiz.de/10012009431
inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected by government social policy. We find … evidence of only a small decline in inequality over this period. The observed decline may be attributed to government transfers …
Persistent link: https://www.econbiz.de/10012102100
, informality, and inequality have been falling over the past two decades, though still remain high. By contrast, productivity has … conclusions on the impact of labor market institutions and demographic factors on unemployment, informality, inequality and … taxes, but also by the increased shares of more educated and older workers. By contrast, the fall in inequality starting in …
Persistent link: https://www.econbiz.de/10012102140