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Inequality Convergence
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Book Synopsis Inequality Convergence by : Martin Ravallion
Download or read book Inequality Convergence written by Martin Ravallion and published by World Bank Publications. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is income inequality tending to fall in countries with high inequality and to rise in those where inequality is low? Is there a process of convergence toward medium-level inequality?
Book Synopsis Inequality Convergence by : Martin Ravallion
Download or read book Inequality Convergence written by Martin Ravallion and published by World Bank Publications. This book was released on 2001 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is income inequality tending to fall in countries with high inequality and to rise in those where inequality is low? Is there a process of convergence toward medium-level inequality?
Book Synopsis America's Inequality Trap by : Nathan J. Kelly
Download or read book America's Inequality Trap written by Nathan J. Kelly and published by University of Chicago Press. This book was released on 2020-02-11 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between the rich and the poor has grown dramatically in the United States and is now at its widest since at least the early 1900s. While by most measures the economy has been improving, soaring cost of living and stagnant wages have done little to assuage economic anxieties. Conditions like these seem designed to produce a generation-defining intervention to balance the economic scales and enhance opportunities for those at the middle and bottom of the country’s economic ladder—but we have seen nothing of the sort. Nathan J. Kelly argues that a key reason for this is that rising concentrations of wealth create a politics that makes reducing economic inequality more difficult. Kelly convincingly shows that, when a small fraction of the people control most of the economic resources, they also hold a disproportionate amount of political power, hurtling us toward a self-perpetuating plutocracy, or an “inequality trap.” Among other things, the rich support a broad political campaign that convinces voters that policies to reduce inequality are unwise and not in the average voter’s interest, regardless of the real economic impact. They also take advantage of interest groups they generously support to influence Congress and the president, as well as state governments, in ways that stop or slow down reform. One of the key implications of this book is that social policies designed to combat inequality should work hand-in-hand with political reforms that enhance democratic governance and efforts to fight racism, and a coordinated effort on all of these fronts will be needed to reverse the decades-long trend.
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 Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry Into the Role of Technology in Reducing the Poverty of Nations by : Gouranga Gopal Das
Download or read book Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry Into the Role of Technology in Reducing the Poverty of Nations written by Gouranga Gopal Das and published by International Monetary Fund. This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on stylized evidence showing variation of the Gini coefficient of income inequality across skill cohorts and on the rapid rise in trade in technology-intensive goods, the ripple effects of technology transmission and income inequality are explored in a global Computable General Equilibrium (CGE) framework. An exogenous technology shock transmitted via trade from the United States induces productivity growth in developing regions. This spillover capture-aided by absorptive capability, better governance and institutions, technological symmetry and social acceptance-causes income to increase and income inequality to decline. The conjoined parameters retard growth's inequality-enhancing effect and thus facilitate long-run convergence of inequality between nations.
Book Synopsis Convergence in Income Inequality by : Nicholas Apergēs
Download or read book Convergence in Income Inequality written by Nicholas Apergēs and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Oxford Handbook of Economic Inequality by : Wiemer Salverda
Download or read book The Oxford Handbook of Economic Inequality written by Wiemer Salverda and published by Oxford University Press. This book was released on 2009-02-19 with total page 759 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive analysis of economic inequality in developed countries. The contributors give their view on the state-of-the-art scientific research in their fields and add their own visions of future research.
Book Synopsis Economic Well-Being and Inequality by : John Bishop
Download or read book Economic Well-Being and Inequality written by John Bishop and published by Emerald Group Publishing. This book was released on 2014-09-29 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on Economic Inequality, Volume 22 collects papers from the Fifth ECINEQ Meeting, bringing together research from both senior and emerging scholars in the field of income distribution and poverty studies. The Volume is rounded out with investigations into the inequality of leisure time, regional convergence, and specific country studies.
Book Synopsis Growth, Inequality and Poverty by : Martin Ravallion
Download or read book Growth, Inequality and Poverty written by Martin Ravallion and published by World Bank Publications. This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: One side in the current debate about who benefits from growth has focused solely on average impacts on poverty and inequality, while the other side has focused on the diverse welfare impacts found beneath the averages. Both sides have a point.
Book Synopsis Global poverty and Inequality: A Review of the Evidence by : Martin Ravallion
Download or read book Global poverty and Inequality: A Review of the Evidence written by Martin Ravallion and published by World Bank Publications. This book was released on 2008 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Drawing on a compilation of data from household surveys representing 130 countries, many over a period of 25 years, this paper reviews the evidence on levels and recent trends in global poverty and income inequality. It documents the negative correlations between both poverty and inequality indices, on the one hand, and mean income per capita on the other. It points to the dominant role of Asia in accounting for the bulk of the world's poverty reduction since 1981. The evolution of global inequality in the last decades is also described, with special emphasis on the different trends of inequality within and between countries. The statistical relationships between growth, inequality and poverty are discussed, as is the correlation between inequality and the growth elasticity of poverty reduction. Some of the recent literature on the drivers of distributional change in developing countries is also reviewed.
Book Synopsis Nonlinear Programming and Variational Inequality Problems by : Michael Patriksson
Download or read book Nonlinear Programming and Variational Inequality Problems written by Michael Patriksson and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since I started working in the area of nonlinear programming and, later on, variational inequality problems, I have frequently been surprised to find that many algorithms, however scattered in numerous journals, monographs and books, and described rather differently, are closely related to each other. This book is meant to help the reader understand and relate algorithms to each other in some intuitive fashion, and represents, in this respect, a consolidation of the field. The framework of algorithms presented in this book is called Cost Approxi mation. (The preface of the Ph.D. thesis [Pat93d] explains the background to the work that lead to the thesis, and ultimately to this book.) It describes, for a given formulation of a variational inequality or nonlinear programming problem, an algorithm by means of approximating mappings and problems, a principle for the update of the iteration points, and a merit function which guides and monitors the convergence of the algorithm. One purpose of this book is to offer this framework as an intuitively appeal ing tool for describing an algorithm. One of the advantages of the framework, or any reasonable framework for that matter, is that two algorithms may be easily related and compared through its use. This framework is particular in that it covers a vast number of methods, while still being fairly detailed; the level of abstraction is in fact the same as that of the original problem statement.
Book Synopsis Spatial Inequality and Development by : S. M. Ravi Kanbur
Download or read book Spatial Inequality and Development written by S. M. Ravi Kanbur and published by Oxford University Press, USA. This book was released on 2005 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is an introduction to spatial and regional inequality. Drawing on data from 25 countries from around the world, it examines the questions: What exactly is spatial inequality? Why does it matter? And what should be the policy response to it?"--Provided by publisher.
Book Synopsis Inequality in the 21st Century by : David Grusky
Download or read book Inequality in the 21st Century written by David Grusky and published by Routledge. This book was released on 2018-05-15 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides selections from the seminal works of Karl Marx, Max Weber, W.E.B. Du Bois, and Charlotte Perkins Gilman that reveal some of the reasons why class, race, and gender inequalities have proven very adaptive and can flourish even today in the 21st century.
Book Synopsis Regional Inequality in Transitional China by : Felix Haifeng Liao
Download or read book Regional Inequality in Transitional China written by Felix Haifeng Liao and published by Routledge. This book was released on 2020-09-17 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates uneven regional development in China – with particular focus on the cases of Guangdong and Zheijiang provinces – which have been at the forefront of debate since Chinese economic reform. Rapid economic growth since the ‘opening-up’ of China has been accompanied by significant disparities in the regional distribution of income: this book represents one of the most recent studies to present a picture of this inequality. Built upon a multi-scale and multi-mechanism framework, it provides systematic examination of both the patterns and mechanisms of regional development and inequality in provincial China, emphasizing the effects of economic transition. Approaching from a geographical perspective, its authors consider the interplay between the local, the state, and the global forces in shaping the landscape of regional inequality in China. Extensive empirical findings will prove useful to those researching other developing countries within the frontier of globalization and economic transition. Regional Inequality in Transitional China will appeal to scholars and students of geography, economics and Chinese studies more broadly.
Book Synopsis Regional Inequality and Development by : Takahiro Akita
Download or read book Regional Inequality and Development written by Takahiro Akita and published by Springer Nature. This book was released on 2022-07-14 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses three main issues in regional income inequality and development: meaning of regional inequality, measurement of regional inequality and the relationship between national economic development and regional income inequality. It provides analytical methods useful in exploring the determinants of regional inequality in income and productivity. Some software commands in Stata (statistical software package) available for the measurement and analysis of income inequality are also introduced. Some researchers have argued that spatial concentration of population in and around major cities and the concurrent increase in regional inequality do not hinder national economic development, and may stimulate it. Nevertheless, many national governments seek to promote balanced regional economic development and reduce regional income inequality, because unbalanced development and higher levels of regional inequality may cause political or ethnic conflicts between different regions of the country. As the applications of the analytical methods introduced in the first part of the book, the second part presents four independent empirical studies on regional inequality and development in Indonesia. They offer very interesting case studies for the formulation of policies and programs to reduce regional inequalities, because as the world’s largest archipelagic country with more than 13 thousand islands and 300 ethnic groups, Indonesia is spatially diverse in terms of its ecology, natural resource endowments, economy, ethnicity and culture.This book can be used as a textbook for undergraduate and graduate students who are interested in national economic development and regional income inequality. It is also beneficial for practitioners and policy makers who are in charge of the formulation, implementation and evaluation of development policies and programs.
Book Synopsis Varieties of Economic Inequality by : Sebastiano Fadda
Download or read book Varieties of Economic Inequality written by Sebastiano Fadda and published by Routledge. This book was released on 2016-03-10 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, the issue of inequality has regained attention in economic and political debates. Although this interest is welcome, the debate is still mostly focused on income or wealth distribution, which is an important aspect but does not present a complete view of inequality. Most of the theoretical and empirical studies produced by economists concern personal income distribution or factor income distribution. This is more evident in the studies of the evolution and characteristics of contemporary capitalism and globalization. Varieties of Economic Inequality considers both theoretical perspectives and empirical evidence of aspects such as income, gender, race, technology, power, region, education and class. Ultimately, this text rejects the idea of supposed long run constant factor shares, the positive effects of inequality and the greater importance of absolute level of income compared to its unequal distribution, and instead reveals the structural inequalities that exist within societies. This book advocates a move away from the focusing on inequality at the level of the individual and suggests policy for eradicating these various forms of inequality. It is suitable for those who study political economy, social inequality as well as economic theory and philosophy.
Book Synopsis Cross-country Convergence in Income Inequality by : Xing Miao
Download or read book Cross-country Convergence in Income Inequality written by Xing Miao and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoclassical models imply convergence of the entire distribution, not just the mean income levels. In this paper, we analyze convergence in income inequality by using the considerably enlarged data bases, from the World Bank (Povcal) and the World Institute for Development Economic Research (WIDER). Convergence in gini indices of inequality is tested across 55 countries. We consider three sample subsets; one for the developing countries, second of the developed countries and third with all countries together. We test for convergence in gini indices over a period of 5, 10, 15, 20 and 25 years. Additionally we use cross-section (OLS), panel (GMM) and a novel OLS estimation methods. Our results uniformly indicate that inequality levels among developing countries converged. Evidence of convergence is weaker among developed countries. Developing countries appear to converge faster than developed countries.
