Causes and Consequences of Income Inequality PDF Download

Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
ISBN: 1513547437
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
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.

Author: Michael Schneider
Publisher: Edward Elgar Publishing
ISBN: 1783476443
Category : Business & Economics
Languages : en
Pages : 229

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Book Description
This book answers a number of important questions about the distribution of wealth among people and the way that this distribution has changed over time. It provides a comprehensive analysis of the personal distribution of wealth from many dimensions: economic, statistical, ethical, political, sociological and legal. Using data from 21 countries, this book demonstrates how inequality in the distribution of wealth varies between different parts of the world and how it evolves, with particular emphasis on the claim that there has been a long-term and continued increase in inequality since the 1970s in most countries. It discusses alternative ways of measuring the degree of inequality, analyses Thomas Piketty's claim that society has become more unequal in recent decades, and assesses the relative importance of the various determinants of the distribution of wealth. The authors explain why the distribution of wealth is unequal, and discuss how it could be changed with alternative policies and the possible consequences of these policies for economic efficiency. The authors also compare the different distributions of wealth that are implied by alternative views of society. This is a valuable resource for students and academics in economics, political science and sociology seeking a state-of-the-art account of the theory and evidence surrounding inequality in the distribution of wealth.

Author: A. B. Atkinson
Publisher: Oxford University Press
ISBN: 0199286892
Category : Business & Economics
Languages : en
Pages : 799

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Book Description
This volume brings together an exciting range of new studies of top incomes in a wide range of countries from around the world. The studies use data from income tax records to cast light on the dramatic changes that have taken place at the top of the income distribution. The results cover 22 countries and have a long time span, going back to 1875.

Author: Theo S. Eicher
Publisher: MIT Press
ISBN: 0262050692
Category : Economic development
Languages : en
Pages : 343

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Book Description
Essays exploring the relationship between economic growth and inequality and the implications for policy makers.

Author: Pasuk Phongpaichit
Publisher: NUS Press
ISBN: 9814722006
Category : Social Science
Languages : en
Pages : 205

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Book Description
Extreme inequalities in income,wealth and power lie behind Thailand’s political turmoil. What are the sources of this inequality? Why does it persist, or even increase when the economy grows? How can it be addressed? The contributors to this important study—Thai scholars, reformers and civil servants—shed light on the many dimensions of inequality in Thailand, looking beyond simple income measures to consider land ownership, education, finance, business structures and politics. The contributors propose a series of reforms in taxation, spending and institutional reform that can address growing inequality. Inequality is among the biggest threats to social stability in Southeast Asia, and this close study of a key Southeast Asian country will be relevant to regional policy-makers, economists and business decision-makers, as well as students of oligarchy and inequality more generally.

Author: Lawrence J. White
Publisher:
ISBN: 9780691618593
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Although observers of the Pakistani economy are well aware that a small number of family groups, popularly called "the twenty-two families," dominates the industrial structure of the country, the actual effects of this concentration of economic power on income distribution and on other areas of widespread social and political concern arc less well understood. In this important work, Lawrence J. White uses the concepts of industrial organization analysis to achieve an overall view of the problems stemming from the marked industrial concentration in Pakistan. After discussing the economic effects of industrial concentration as they apply generally to less developed countries, Professor White reviews the Pakistani experience, estimating the overall concentration of power that exists in manufacturing, banking, and insurance. Following an estimate of the extent of concentration in individual markets, he examines the origins of this concentration of power and analyzes its economic and noneconomic effects in Pakistan. The author concludes with a review of the policies that Pakistan has pursued in dealing with industrial concentration and suggests new courses of action for the future. Originally published in 1974. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author: Lucas Chancel
Publisher: Harvard University Press
ISBN: 0674273567
Category : Business & Economics
Languages : en
Pages : 267

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Book Description
World Inequality Report 2022 is the most authoritative and comprehensive account of global trends in inequality, providing cutting-edge information about income and wealth inequality and also pioneering data about the history of inequality, gender inequality, environmental inequalities, and trends in international tax reform and redistribution.

Author: Branko Milanovi?
Publisher: World Bank Publications
ISBN:
Category : Equality
Languages : en
Pages : 35

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Book Description
"The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and proposes a scheme for global redistribution. "--World Bank web site.

Author: Facundo Alvaredo
Publisher: Belknap Press
ISBN: 0674984552
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
World Inequality Report 2018 is the most authoritative and up-to-date account of global trends in inequality. Researched, compiled, and written by a team of the world’s leading economists of inequality, it presents—with unrivaled clarity and depth—information and analysis that will be vital to policy makers and scholars everywhere. Inequality has taken center stage in public debate as the wealthiest people in most parts of the world have seen their share of the economy soar relative to that of others, many of whom, especially in the West, have experienced stagnation. The resulting political and social pressures have posed harsh new challenges for governments and created a pressing demand for reliable data. The World Inequality Lab at the Paris School of Economics and the University of California, Berkeley, has answered this call by coordinating research into the latest trends in the accumulation and distribution of income and wealth on every continent. This inaugural report analyzes the Lab’s findings, which include data from major countries where information has traditionally been difficult to acquire, such as China, India, and Brazil. Among nations, inequality has been decreasing as traditionally poor countries’ economies have caught up with the West. The report shows, however, that inequality has been steadily deepening within almost every nation, though national trajectories vary, suggesting the importance of institutional and policy frameworks in shaping inequality. World Inequality Report 2018 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264044191
Category :
Languages : en
Pages : 312

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Book Description
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.