Author: Roel Maria Wilhelmus Jozef BeetsmaPublisher:
ISBN:
Category :
Languages : en
Pages : 13
Book Description
Does Inequality Cause Inflation?
Author: Roel M. W. J. BeetsmaPublisher:
ISBN:
Category : Debt, Public
Languages : en
Pages : 24
Book Description
Does Inequality Cause Inflation?
Author: Roel Maria Wilhelmus Jozef BeetsmaPublisher:
ISBN:
Category :
Languages : en
Pages : 13
Book Description
DOES INEQUALITY CAUSE INFLATION? THE POLITICAL ECONOMY OF INFLATION, TAXATION AND GOVERMENT DEBT
Author: Roel Maria Wilhelmus Jozef BEETSMAPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Does Inequality Cause Inflation? The Political Economy of Inflation, Taxation and Government Debt
Author: Roel M. W. J. BeetsmaPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
A democratic society in which the distribution of wealth is unequal elects political parties that are likely to represent the interests of poor people. It is in the interests of the clientele of the resulting governments to attempt to levy inflation taxes in order to erode the real value of debt service and redistribute from the rich to the poor. Consequently, inequality and high levels of nominal government debt sow the seeds for inflation. Some cross- country evidence for this proposition is provided.
Inflation and Income Inequality
Author: Mr.James P WalshPublisher: International Monetary Fund
ISBN: 1475504160
Category : Business & Economics
Languages : en
Pages : 22
Book Description
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood inflation. In an international sample and a sample of Chinese provinces, nonfood inflation exacerbates income inequality while the role of food inflation is more mixed. In a sample of Indian states broken down into urban and rural areas, we find that nonfood inflation adds to income inequality in both areas, while food inflation has a neutral to positive effect on income inequality in rural areas, providing support for the theory that rural wages may respond elastically to food prices.
Communities in Action
Author: National Academies of Sciences, Engineering, and MedicinePublisher: National Academies Press
ISBN: 0309452961
Category : Medical
Languages : en
Pages : 583
Book Description
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.
Income Inequality
Author: Ales BulirPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
Book Description
The distribution of income in a country is traditionally assumed to shift from relative equality to inequality and back to greater equality as the country develops. Intuitively, inequality will rise as some people move away from prevailing traditional activities, which yield a low marginal product, into more productive ventures. At some point, the marginal product of all economic activities converges and income differences narrow. Based on this reasoning, the so-called Kuznets hypothesis (Kuznets, 1955) postulates a nonlinear relationship between a measure of income distribution and the level of economic development. Income distribution is also a concern of policy makers: government policies can, by design, change income distribution to some degree through taxes, transfers, public sector employment, and other policy instruments.
Innocent Bystanders? Monetary Policy and Inequality in the U.S.
Author: Mr.Olivier CoibionPublisher: International Monetary Fund
ISBN: 1475505493
Category : Business & Economics
Languages : en
Pages : 57
Book Description
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.
Causes and Consequences of Income Inequality
Author: Ms.Era Dabla-NorrisPublisher: International Monetary Fund
ISBN: 1513547437
Category : Business & Economics
Languages : en
Pages : 39
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.
Toward a More Accurate Measure of the Cost of Living
Author: United States. Congress. Senate. Advisory Commission to Study the Consumer Price IndexPublisher:
ISBN:
Category : Consumer price indexes
Languages : en
Pages : 212
Book Description