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Income Inequality Redistribution And Economic Growth
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Book Synopsis Income Inequality, Redistribution and Economic Growth by : Giuseppe Arbia
Download or read book Income Inequality, Redistribution and Economic Growth written by Giuseppe Arbia and published by Springer Nature. This book was released on 2023-03-01 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on economic inequality, its measurement, and its relationship with economic growth and development. The current literature uses multiple points of view, ranging from ethical, legal, philosophical, to political and economic, to understand the nature of (in)equality. Presenting the problem objectively, this book shows how to measure the phenomenon statistically along with an international comparison of the level of income inequality and economic growth and of their complex relationship. The book also analyzes three decades of theoretical and empirical evidence to understand this phenomenon and discusses a number of political measures to reduce economic disparities while stimulating economic growth.
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.
Book Synopsis Inequality of Opportunity, Inequality of Income and Economic Growth by : Mr.Shekhar Aiyar
Download or read book Inequality of Opportunity, Inequality of Income and Economic Growth written by Mr.Shekhar Aiyar and published by International Monetary Fund. This book was released on 2019-02-15 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.
Book Synopsis Income Inequality, Redistribution and Economic Growth by : Bev Dahlby
Download or read book Income Inequality, Redistribution and Economic Growth written by Bev Dahlby and published by . This book was released on 2013 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inequality, Redistribution and Mobility by : Juan Gabriel Rodriguez
Download or read book Inequality, Redistribution and Mobility written by Juan Gabriel Rodriguez and published by Emerald Group Publishing. This book was released on 2020-11-26 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on Economic Inequality's 28th volume provides original research on how inequality is affected by redistribution, growth, mobility and educational opportunities. Additional papers discuss poverty, welfare and wage discrimination.
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.
Book Synopsis Income Inequality and Redistributive Government Spending by : International Monetary Fund
Download or read book Income Inequality and Redistributive Government Spending written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-01-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in unequal societies due to median voter preferences. Alternatively, it can be argued that unequal societies may spend less on redistribution because of capital market imperfections. Based on different data sources, the cross-country evidence reported in this paper suggests that more unequal societies do spend less on redistribution.
Book Synopsis Poverty and Inequality by : Jon Raymond Neill
Download or read book Poverty and Inequality written by Jon Raymond Neill and published by W. E. Upjohn Institute. This book was released on 1997 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises six papers which examine poverty and income distribution in the USA. Includes: economic growth as an effective tool against poverty; U.S. regional poverty and inequality; international comparisons of income distribution; intergenerational relations and intrahousehold allocations; and the effects of redistribution.
Book Synopsis Inequality and Growth by : Theo S. Eicher
Download or read book Inequality and Growth written by Theo S. Eicher and published by MIT Press. This book was released on 2007-01-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.
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.
Book Synopsis Polarization, Politics, and Property Rights by : Philip Keefer
Download or read book Polarization, Politics, and Property Rights written by Philip Keefer and published by World Bank Publications. This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: One strand of research argues that polarized societies find it difficult to reach political consensus on appropriate responses to crises. Another strand focuses on redistribution, asking whether income inequality stifles growth by increasing political incentives to redistribute. Which is right?
Book Synopsis Growing Unequal? Income Distribution and Poverty in OECD Countries by : OECD
Download or read book Growing Unequal? Income Distribution and Poverty in OECD Countries written by OECD and published by OECD Publishing. This book was released on 2008-10-21 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides evidence of a fairly generalised increase in income inequality over the past two decades across OECD countries, but the timing, intensity and causes of the increase differ from what is typically suggested in the media.
Book Synopsis Decomposing Changes in Income Inequality into Vertical and Horizontal Redistribution and Reranking with Applications to China and Vietnam by :
Download or read book Decomposing Changes in Income Inequality into Vertical and Horizontal Redistribution and Reranking with Applications to China and Vietnam written by and published by World Bank Publications. This book was released on 2005 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Redistribution with Growth by : Hollis Burnley Chenery
Download or read book Redistribution with Growth written by Hollis Burnley Chenery and published by . This book was released on 1974 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Inequality, Redistribution and Economic Growth by :
Download or read book Income Inequality, Redistribution and Economic Growth written by and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: If a highly unequal distribution of income and wealth prevents most of the population from investing in education and entrepreneurial activity, then a more equal distribution of market income, through transfers that increase the disposable incomes of the non-rich or direct funding of education, could boost the level of productive investment in the economy and the rate of economic growth.17 In this [...] At low rates of taxation, an increase in the tax rate and provision of the public good boost the growth rate, while at high rates of taxation, the disincentive effects of a higher tax rate outweigh the productivity-enhancing effects of an increase in the public input and the growth rate declines. [...] The conditioning variables include the log of the initial GDP per capita, the investment-to-GDP ratio, the US growth rate's interaction with the GDP share, a measure of the growth rate of the province's major exports, the population growth rate, the corporate tax rate, a dummy variable for how provinces with a retail sales tax rate interacted with the sales tax rate (to reflect the distortionary e [...] While most of the empirical literature has focused on the relationship between income inequality and economic growth, much of the discussion of the link between the two is framed in terms of the effects of income redistribution on economic growth. [...] A natural, albeit rather crude, measure of the overall level of fiscal redistribution is the difference between the market income Gini and the disposable income Gini, since the difference between these two inequality measures reflects the effects of taxes and transfers on the distribution of income.65 Cash transfers are responsible for 70 per cent of the gap between the market income Gini and the.
Book Synopsis Inequality and Growth by : Francesco Grigoli
Download or read book Inequality and Growth written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2017-01-18 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a heterogeneous panel structural vector autoregression model, which addresses some empirical challenges plaguing the literature. We find that income inequality is converging across countries, and that its impact on economic growth is heterogeneous. In particular, while the median response of real per capita GDP growth to shocks in income inequality is negative and significant, the dispersion around the estimates is large, with at least one fourth of the countries in the sample presenting a positive effect. The results suggest that the negative effect is mainly driven by the Middle East and Central Asia and the Western Hemisphere across regions, and emerging markets across income levels. Finally, we find evidence that improved institutional frameworks can reduce the negative effect of income inequality on growth.
Book Synopsis Fiscal Redistribution and Income Inequality in Latin America by : Edwin Goni
Download or read book Fiscal Redistribution and Income Inequality in Latin America written by Edwin Goni and published by World Bank Publications. This book was released on 2008 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Income inequality in Latin America ranks among the highest in the world. It can be traced back to the unequal distribution of assets (especially land and education) in the region. But the extent to which asset inequality translates into income inequality depends on the redistributive capacity of the state. This paper documents the performance of Latin American fiscal systems from the perspective of income redistribution using newly-available information on the incidence of taxes and transfers across the region. The findings indicate that: (i) the differences in income inequality before taxes and transfers between Latin America and Western Europe are much more modest than those after taxes and transfers; (ii) the key reason is that, in contrast with industrial countries, in most Latin American countries the fiscal system is of little help in reducing income inequality; and (iii) in countries where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. These facts stress the need for fiscal reforms across the region to further the goal of social equity. However, different countries need to place different relative emphasis on raising tax collection, restructuring the tax system, and improving the targeting of expenditures.
