This study explores the relationship between income inequality, economic growth, and unemployment in Greece from 2003 to 2020, encompassing key economic phases: pre-crisis, crisis, memoranda, and post-memoranda. The aim is to analyze how economic growth (logarithm of GDP-LOGGDP) and unemployment...

The aim of this study is to investigate the role of government interventions in lowering income inequality in post-communist economies of Central and Eastern Europe (CEE). The focus is set on three key policy instruments: progressive income taxation, social transfers, and minimum wage...

Is income inequality in the United States primarily driven by disparities between ethnic groups or within them? The evidence reveals a striking pattern: 96% of U.S. income inequality arises from variation within groups sharing common ancestral origins, far overshadowing the comparatively small...

Latin American Economic History: An Introduction to Daily Life, Debt, and Development guides readers through significant features and developments in the region's economic history from independence through 2022. In approachable language, the book introduces readers to relevant New Economic...

Following Sen's (1973) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based stress ("depression" in Sen's terminology) and aggregate income, we transform the Gini coefficient into a social welfare function rather than having the Gini coefficient feature...

Following Sen's (1973) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based stress ("depression" in Sen's terminology) and aggregate income, we transform the Gini coefficient into a social welfare function rather than having the Gini coefficient feature...

Following Sen’s (1973) characterization of the Gini coefficient as a ratio between a measure of aggregate income‐based stress (“depression” in Sen’s terminology) and aggregate income, we transform the Gini coefficient into a social welfare function rather than having the Gini...

We examine the effects of debt distribution characteristics, specifically skewness and maturity concentration, on sovereign yields across OECD countries over the period 1995Q1 to 2020Q4. After computing specific Lorenz curves and Gini coefficients, we find that positive skewness generally exerts...

We specify the domain in the income distribution that includes the people to whom income transfers will not increase inequality in that income distribution. Inspired by Sen’s (1973, 1997) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based...

Inequality and social mobility in India are longstanding social issues. We document patterns of absolute inequality, relative inequality and social mobility for India as a whole as well as for Indian states grouped by level of development. The analysis uses easy to understand indexes constructed...

We specify the domain in the income distribution that includes the people to whom income transfers will not increase inequality in that income distribution. Inspired by Sen's (1973, 1997) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based "depression"...

Digitalization plays a critical role in economic development and ensuring social equity. The advancement of digitalization is expected to expand economic opportunities for previously underserved populations, thereby narrowing income disparities. However, it may also exacerbate inequality due to...

The Pareto distribution has been widely used to model income distribution and inequality. The tail index and the Gini index are typically computed by iteration using Maximum Likelihood and are usually interpreted in terms of the Lorenz curve. We derive an alternative method by considering a...

Measures of inequality typically rely on price indices formulated for a representative consumer, falsely assuming an identical consumption basket across households within the country. However, consumption patterns differ across households; hence, the changes in price levels might have different...

This study examines the empirical link between financial development and income inequality, focusing on the influence of financial system characteristics. Specifically, it investigates the impact of bank market power and stock market orientation, a topic that has received little attention in...

Electrification is a primary strategy to achieve carbon neutrality. The expected surge in future electricity demand by battery electric vehicle (BEV) necessitates the reinforcement and construction of transmission and distribution (T&D) network. This study aims to evaluate the spatial...

We examine the effects of debt distribution characteristics, specifically skewness and maturity concentration, on sovereign yields across OECD countries over the period 1995Q1 to 2020Q4. After computing specific Lorenz curves and Gini coefficients, we find that positive skewness generally exerts...

This paper suggests a generalization of covariate shifts to study distributional impacts on inequality and distributional measures. It builds on the recentered influence function (RIF) regression method, originally designed for location shifts in covariates, and extends it to general policy...

This article investigates the political cost of poverty in democracies marked by deep social divisions. We develop a probabilistic voting model that incorporates clientelism as a strategic tool employed by elite political parties to secure electoral support from non-elite voters. Unlike models...

We specify the domain in the income distribution that includes the people to whom income transfers will not increase inequality in that income distribution. Inspired by Sen's (1973, 1997) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based "depression"...

Inequality and social mobility in India are longstanding social issues. We document patterns of absolute inequality, relative inequality and social mobility for India as a whole as well as for Indian states grouped by level of development. The analysis uses easy to understand indexes constructed...

Following Sen's (1973) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based stress ("depression" in Sen's terminology) and aggregate income, we transform the Gini coefficient into a social welfare function rather than having the Gini coefficient feature...

Following Sen's (1973) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based stress ("depression" in Sen's terminology) and aggregate income, we transform the Gini coefficient into a social welfare function rather than having the Gini coefficient feature...

This study examines the relationship between natural resource rents and income inequality in Sub-Saharan Africa (SSA). The empirical analysis covers 24 countries over the period 1998-2020. Econometric estimations are conducted using both fixed and random effects models to account for...

Is income inequality in the United States primarily driven by disparities between ethnic groups or within them? Contrary to conventional wisdom, this study uncovers a striking and transformative empirical regularity: an overwhelming 96% of contemporary inequality arises from disparities within...

This paper introduces a framework for estimating long-run series of measures of overall inequality and top wealth shares when data consist of a combination of historical tabulations and modern administrative registers of taxable wealth. The proposed framework is applicable when historical wealth...

The distribution and concentration of Common Agricultural Policy (CAP) support and its impact on farm income have gained increasing attention in public debate and scientific literature. Previous studies highlighted the highly concentrated nature of direct payments, which represent the bulk of...