Functional Income Distribution And Its Role In Explaining Inequality

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Functional Income Distribution and Its Role in Explaining Inequality

Author : Maura Francese
Publisher : International Monetary Fund
ISBN 13 : 1513543407
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Functional Income Distribution and Its Role in Explaining Inequality by : Maura Francese

Download or read book Functional Income Distribution and Its Role in Explaining Inequality written by Maura Francese and published by International Monetary Fund. This book was released on 2015-11-24 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro and macroeconomic data, covering up to 93 countries between 1970 and 2013, are used to assess whether the declining labor share of income has been a key factor driving growing inequality. The major conclusion is that changes in income inequality across a wide range of countries have been driven significantly by changes in the inequality of wages, while the distribution of income between labor and capital has not been a major factor.

Functional Income Distribution and Its Role in Explaining Inequality

Author : Maura Francese
Publisher :
ISBN 13 : 9781513534985
Total Pages : 0 pages
Book Rating : 4.5/5 (349 download)

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Book Synopsis Functional Income Distribution and Its Role in Explaining Inequality by : Maura Francese

Download or read book Functional Income Distribution and Its Role in Explaining Inequality written by Maura Francese and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro and macroeconomic data, covering up to 93 countries between 1970 and 2013, are used to assess whether the declining labor share of income has been a key factor driving growing inequality. The major conclusion is that changes in income inequality across a wide range of countries have been driven significantly by changes in the inequality of wages, while the distribution of income between labor and capital has not been a major factor. --Abstract.

Income Distribution in Historical Perspective

Author : Y. S. Brenner
Publisher : Cambridge University Press
ISBN 13 : 9780521356473
Total Pages : 286 pages
Book Rating : 4.3/5 (564 download)

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Book Synopsis Income Distribution in Historical Perspective by : Y. S. Brenner

Download or read book Income Distribution in Historical Perspective written by Y. S. Brenner and published by Cambridge University Press. This book was released on 1991-10-03 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume a distinguished team of international contributors consider some of the central long-term issues raised by the problem of income distribution. The Kuznets curve--i.e. the notion that income distribution became increasingly unequal during the period of industrialization, and progressively less unequal during the twentieth century--lies at the center of much of the analysis, and its relevance is discussed in a wide-ranging series of articles covering the British, Belgian, German, Australian, Austrian and American experiences. This volume is the first in many years to take such a broad, comparative approach to income distribution, and makes an important and authoritative contribution to an area of perennial debate.

Income Distribution

Author : Fred Campano
Publisher : Oxford University Press
ISBN 13 : 0195300912
Total Pages : 185 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Income Distribution by : Fred Campano

Download or read book Income Distribution written by Fred Campano and published by Oxford University Press. This book was released on 2006-02-02 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Income Distribution' was written primarily as a textbook intended for undergraduate economics majors. Each chapter is logically connected with the preceding chapters, providing a general overview of income distribution and its applications.

Testing Piketty’s Hypothesis on the Drivers of Income Inequality

Author : Carlos Góes
Publisher : International Monetary Fund
ISBN 13 : 1475527691
Total Pages : 27 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Testing Piketty’s Hypothesis on the Drivers of Income Inequality by : Carlos Góes

Download or read book Testing Piketty’s Hypothesis on the Drivers of Income Inequality written by Carlos Góes and published by International Monetary Fund. This book was released on 2016-08-19 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However, while rich in data, the book provides no formal empirical testing for its theoretical causal chain. In this paper, I build a set of Panel SVAR models to check if inequality and capital share in the national income move up as the r-g gap grows. Using a sample of 19 advanced economies spanning over 30 years, I find no empirical evidence that dynamics move in the way Piketty suggests. Results are robust to several alternative estimates of r-g.

Inequality Over the Business Cycle

Author : Marius Clemens
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)

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Book Synopsis Inequality Over the Business Cycle by : Marius Clemens

Download or read book Inequality Over the Business Cycle written by Marius Clemens and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are related to fluctuations in the functional income distribution. In a panel estimation for OECD countries between 1970 and 2016 we find that on average income inequality - measured by the Gini coefficient - is countercyclical and also shows a significant association with the capital share. Up on a closer look, we find that a remarkable share of one third of all countries display a rather pro- or acyclical relationship. In order to understand the underlying cyclical dynamics of inequality we incorporate distributive shocks, modeled as exogenous changes in the capital share, into a real business cycle model, where agents are ex-ante heterogeneous with respect to wealth and ability. We show how to derive standard inequality measures within this framework, which allow us to analyze how productivity and distributive shocks affect both, the macroeconomic variables and the personal income and wealth distribution over the business cycle. We find that whether wealth and income inequality in the model behaves countercyclical or not depends on two aspects. The intertemporal elasticity of substitution and the persistence of the shocks. We use Bayesian techniques in order to match GDP, capital share and consumption to quarterly U.S. data. The resulting parameter estimates point towards a non-monotonic relationship between productivity fluctuations and inequality. On impact, inequality increases in response to TFP shocks but declines in later periods. This pattern is consistent with the empirically observed relationship in the USA. Furthermore, we find that TFP shocks explain about 17 percent of the cyclical fluctuations in inequality in the USA.

Economic Inequality and Income Distribution

Author : D. G. Champernowne
Publisher : Cambridge University Press
ISBN 13 : 9780521589598
Total Pages : 432 pages
Book Rating : 4.5/5 (895 download)

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Book Synopsis Economic Inequality and Income Distribution by : D. G. Champernowne

Download or read book Economic Inequality and Income Distribution written by D. G. Champernowne and published by Cambridge University Press. This book was released on 1998 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic inequality has become a focus of prime interest for economic analysts and policy makers. This book provides an integrated approach to the topics of inequality and personal income distribution. It covers the practical and theoretical bases for inequality analysis, applications to real world problems and the foundations of theoretical approaches to income distribution. It also analyses models of the distribution of labour earnings and of income from wealth. The long-run development of income - and wealth - distribution over many generations is also examined. Special attention is given to an assessment of the merits and weaknesses of standard economic models, to illustrating the implications of distributional mechanisms using real data and illustrative examples, and to providing graphical interpretation of formal arguments. Examples are drawn from US, UK and international sources.

Links Between Growth, Inequality, and Poverty: A Survey

Author : Ms. Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513572660
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra

Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.

Income Inequality and Poverty

Author : Nanak Kakwani
Publisher : New York : Published for the World Bank [by] Oxford University Press
ISBN 13 :
Total Pages : 438 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Income Inequality and Poverty by : Nanak Kakwani

Download or read book Income Inequality and Poverty written by Nanak Kakwani and published by New York : Published for the World Bank [by] Oxford University Press. This book was released on 1980 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a closed economy, income is created in production with the aid of factors such as land, labor, capital, and entrepreneurship. Production takes place within different firms and government organizations, and, at the same time, income is created and distributed to income units. From this process, a pattern of distribution emerges that has been found to be stable over time and space. This feature of income distribution has provoked a number of alternative theories explaining the generation of income. The present study focuses on the following issues: (a) income distribution functions, (b) measurement of the degree of income inequality, (c) government policies affecting personal distribution of income, and (d) measurement of poverty.

Functional Income Distribution, Inequality and the Effectiveness of Fiscal Redistribution

Author : Bruno Bises
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Functional Income Distribution, Inequality and the Effectiveness of Fiscal Redistribution by : Bruno Bises

Download or read book Functional Income Distribution, Inequality and the Effectiveness of Fiscal Redistribution written by Bruno Bises and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Income Distribution and Income Inequality Measures

Author : Boo-yau Shu
Publisher :
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Income Distribution and Income Inequality Measures by : Boo-yau Shu

Download or read book Income Distribution and Income Inequality Measures written by Boo-yau Shu and published by . This book was released on 1983 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Demand Composition and Income Distribution

Author : David Pothier
Publisher : International Monetary Fund
ISBN 13 : 1498300987
Total Pages : 50 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Demand Composition and Income Distribution by : David Pothier

Download or read book Demand Composition and Income Distribution written by David Pothier and published by International Monetary Fund. This book was released on 2014-12-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending dedicated to labour-intensive goods and services shrinks (expands) during downturns (booms), and argue that this contributes to the observed pro-cyclicality of employment and output in labour-intensive industries. Using a two-sector general equilibrium model, we then assess how this demand composition channel influences the cyclical properties of the income distribution. Consistent with empirical evidence, we find income inequality to be countercyclical due to changes in the level of employment and (to a lesser extent) relative factor prices. The model also shows that wealth redistribution policies can potentially involve a trade-off between equality and output, depending on how they affect the composition of aggregate demand.

Income and Wealth Distribution, Inequality and Poverty

Author : Camilo Dagum
Publisher : Springer
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Income and Wealth Distribution, Inequality and Poverty by : Camilo Dagum

Download or read book Income and Wealth Distribution, Inequality and Poverty written by Camilo Dagum and published by Springer. This book was released on 1990 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the following issues: the analysis, estimation and assessment of alternatived models of income distribution, the specification and evaluation of income inequality measures the analysis and measurement of poverty and its rationale, the scope and methodological power of the social accounting matrix (SAM) in the analysis of the functional and personal distribution of income and the family income multiplier, the study of the source and reliability of income distribution data, the decomposition of income inequality measures, the asymptotic distributions and inferential analysis of income inequalities, and an inquiry on the income distribution and income inequality of Eastern European Countries under socialism. New models on income and wealth distribution are specified and their corresponding properties and goodness of fit are discussed. A multivariate approach to the measurement of poverty is developed and applied, and a compact survey of the literature is presented. The book can be used as a text in advanced undergraduate and graduate courses dealing with the theory, model specifications, methods and applications of income and wealth distribution, income inequality and poverty assessment in measurement and the use of SAMs in the analysis of income distribution.

Communities in Action

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309452961
Total Pages : 583 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine

Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

Redistribution, Inequality, and Growth

Author : Mr.Jonathan David Ostry
Publisher : International Monetary Fund
ISBN 13 : 1484397657
Total Pages : 30 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry

Download or read book Redistribution, Inequality, and Growth written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2014-02-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.

The Cambridge Handbook of Sociology

Author : Kathleen Odell Korgen
Publisher : Cambridge University Press
ISBN 13 : 9781107565227
Total Pages : 538 pages
Book Rating : 4.5/5 (652 download)

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Book Synopsis The Cambridge Handbook of Sociology by : Kathleen Odell Korgen

Download or read book The Cambridge Handbook of Sociology written by Kathleen Odell Korgen and published by Cambridge University Press. This book was released on 2020-03-26 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether a student, an instructor, a researcher, or just someone interested in understanding the roots of sociology and our social world, The Cambridge Handbook of Sociology, Volume 1 is for you. This first volume of the Handbook focuses on core areas of sociology, such as theory, methods, culture, socialization, social structure, inequality, diversity, social institutions, social problems, deviant behavior, locality, geography, the environment, and social change. It also explains how sociology developed in different parts of the world, providing readers with a perspective on how sociology became the global discipline it is today. Each essay includes a discussion of how the respective subfield contributes to the overall discipline and to society. Written by some of the most respected scholars, teachers, and public sociologists in the world, the essays are highly readable and authoritative.

Causes and Consequences of Income Inequality

Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 39 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Causes and Consequences of Income Inequality by : Ms.Era Dabla-Norris

Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.