Showing 1 - 10 of 525
This paper assesses the link between democracy and inequality. Inequality is measured at the cohort level with pseudo …-run historical patterns in the degree of democracy relate to income inequality. However, this relationship is non …-monotonic: inequality ?rst increases with the stock of democracy before falling. The paper also presents evidence that education may be a …
Persistent link: https://www.econbiz.de/10011115342
The paper provides a detailed review of Thomas Piketty's book"Capital in the 21st century."It focuses on the new contributions of the book, and in particular on its unified treatment of economic growth, functional income distribution, and concentration of personal income. It concludes that...
Persistent link: https://www.econbiz.de/10010829542
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...
Persistent link: https://www.econbiz.de/10005079847
Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an...
Persistent link: https://www.econbiz.de/10008508339
The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector...
Persistent link: https://www.econbiz.de/10005116429
The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...
Persistent link: https://www.econbiz.de/10005116604
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 impact of finance on inequality and about the relevant mechanisms. Although …
Persistent link: https://www.econbiz.de/10004979100
inequality, with the region's Gini coefficient falling from 55.6 to 51.8. Previous studies have warned about the sustainability … of such a decline, and this paper presents evidence of stagnation in the pace of reduction of income inequality in Latin … America since 2010. This phenomenon of stagnation is robust to different measures of inequality and is largely attributable to …
Persistent link: https://www.econbiz.de/10011106304
This paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 …
Persistent link: https://www.econbiz.de/10011094575
This paper assesses inequality of opportunity in educational achievement using the Human Opportunity Index methodology … inequality in most of the countries in the sample. Consistent with what has been documented previously in the literature, the … paper also finds a strong and stable correlation between inequality of opportunity and public spending on school education …
Persistent link: https://www.econbiz.de/10011115343