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According to the Kuznets hypothesis, inequality first tends to increase and then decrease as a country develops. Whether borne out empirically, this inverted-U Kuznets curve, as a stylized 'fact', has shaped the discourse on economic development and income inequality for decades. In this paper...
Persistent link: https://www.econbiz.de/10015395472
This paper discusses dimensions of inequality in sub-Saharan Africa and their causes. It starts with a review of the empirical evidence about inequality during the colonial period as well as the post-independence era. Then it discusses the forces that determine inequality change, focusing on...
Persistent link: https://www.econbiz.de/10010249771
Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are influenced less by the individual’s parents and...
Persistent link: https://www.econbiz.de/10011962601
outcomes: economic growth, health and education as two dimensions of human development, and governance, with a focus on …
Persistent link: https://www.econbiz.de/10012432946
In this paper, we analyse the relationship between China's structural transformation and the inclusiveness of its economic growth. China's economy has undergone significant structural changes since it initiated the economic reforms in 1978. Economic activities have shifted from the...
Persistent link: https://www.econbiz.de/10012181039
How unequal is the world today? Is global income inequality falling, as many economists claim, or is it rising, as one …
Persistent link: https://www.econbiz.de/10011938091
In this paper we argue that the decline in global inequality over the last decades has spurred a 'sunshine' narrative of falling global inequality that has been rather oversold, in the sense, we argue, it is likely to be temporary. We argue the decline in global inequality will reverse due to...
Persistent link: https://www.econbiz.de/10012887946
trust. Drawing on individual data from 82 countries around the world over the 1981-2021 period, it sheds light on the …
Persistent link: https://www.econbiz.de/10013549847
In this paper, we estimate the recent evolution of global interpersonal inequality and examine the effect of omitted top incomes on the level and direction of global inequality. We propose a methodology to estimate the truncation point of household surveys by combining information on income...
Persistent link: https://www.econbiz.de/10011525394
The interest in the level of global inequality has surged in recent years. This paper complements existing estimates of global inequality by providing the first estimates of the level of bipolarization of the global income distribution. During 1975-2010, global bipolarization declined...
Persistent link: https://www.econbiz.de/10011777701