Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality

Author: Ms.Era Dabla-Norris

Publisher: International Monetary Fund

Published: 2015-06-15

Total Pages: 39

ISBN-13: 1513547437

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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.


Inequality of Opportunity

Inequality of Opportunity

Author: Juan Gabriel Rodríguez

Publisher: Emerald Group Publishing

Published: 2011-10-12

Total Pages: 259

ISBN-13: 1780520344

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Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.


Brookings Papers on Economic Activity: Spring 2016

Brookings Papers on Economic Activity: Spring 2016

Author: Janice Eberly

Publisher:

Published: 2017-02-21

Total Pages: 0

ISBN-13: 9780815730651

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Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: Editors' Introduction Credit Policy as Fiscal Policy, Deborah Lucas Comments by Alan J. Auerbach and William G. Gale Learning from Potentially Biased Statistics, Alberto Cavallo, Guillermo Cruces, and Ricardo Perez-Truglia Comments by Stefan Nagel and Ricardo Reis Does the United States Have a Productivity Slowdown or a Measurement Problem?, David M. Byrne, John G. Fernald, and Marshall B. Reinsdorf Comments by Martin Neil Baily and Robert J. Gordon Understanding Declining Fluidity in the U.S. Labor Market, Raven Molloy, Christopher L. Smith, Ricardo Trezzi, and Abigail Wozniak Comments by Erica L. Groshen and John Haltiwanger Measuring Income and Wealth at the Top Using Administrative and Survey Data, Jesse Bricker, Alice Henriques, Jacob Krimmel, and John Sabelhaus Comments by Katharine G. Abraham and Wojciech Kopczuk Income Inequality, Social Mobility, and the Decision to Drop Out of High School, Melissa S. Kearney and Phillip B. Levine Comments by Miles Corak and Robert A. Moffitt


Growing Unequal? Income Distribution and Poverty in OECD Countries

Growing Unequal? Income Distribution and Poverty in OECD Countries

Author: OECD

Publisher: OECD Publishing

Published: 2008-10-21

Total Pages: 312

ISBN-13: 9264044191

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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.


From Parents to Children

From Parents to Children

Author: John Ermisch

Publisher: Russell Sage Foundation

Published: 2012-05-01

Total Pages: 523

ISBN-13: 1610447808

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Does economic inequality in one generation lead to inequality of opportunity in the next? In From Parents to Children, an esteemed international group of scholars investigates this question using data from ten countries with differing levels of inequality. The book compares whether and how parents' resources transmit advantage to their children at different stages of development and sheds light on the structural differences among countries that may influence intergenerational mobility. How and why is economic mobility higher in some countries than in others? The contributors find that inequality in mobility-relevant skills emerges early in childhood in all of the countries studied. Bruce Bradbury and his coauthors focus on learning readiness among young children and show that as early as age five, large disparities in cognitive and other mobility-relevant skills develop between low- and high-income kids, particularly in the United States and the United Kingdom. Such disparities may be mitigated by investments in early childhood education, as Christelle Dumas and Arnaud Lefranc demonstrate. They find that universal pre-school education in France lessens the negative effect of low parental SES and gives low-income children a greater shot at social mobility. Katherine Magnuson, Jane Waldfogel, and Elizabeth Washbrook find that income-based gaps in cognitive achievement in the United States and the United Kingdom widen as children reach adolescence. Robert Haveman and his coauthors show that the effect of parental income on test scores increases as children age; and in both the United States and Canada, having parents with a higher income betters the chances that a child will enroll in college. As economic inequality in the United States continues to rise, the national policy conversation will not only need to address the devastating effects of rising inequality in this generation but also the potential consequences of the decline in mobility from one generation to the next. Drawing on unparalleled international datasets, From Parents to Children provides an important first step.


Income Inequality

Income Inequality

Author: David Alan Green

Publisher: Art of the State

Published: 2016

Total Pages: 0

ISBN-13: 9780886453299

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"Rising income inequality has been at the forefront of public debate in Canada in recent years, yet there is still much to be learned about the economic forces driving the distribution of earnings and income in this country and how they might evolve in coming years. With research showing that the tax-and-transfer system is less effective than in the past in counteracting growing income disparities, the need for policy-makers to understand the factors at play is all the more urgent. The Institute for Research on Public Policy, in collaboration with the Canadian Labour Market and Skills Researcher Network, has gathered some of the country’s leading experts to provide new evidence on the causes and effects of rising income inequality in Canada and to consider the role of policy. Their research and analysis constitutes a comprehensive review of Canadian inequality trends in recent decades, including changing earnings and income dynamics among middle--class and top earners, wage and job polarization across provinces, and persistent poverty among vulnerable groups. The authors also examine the changing role of education and unionization, as well as the complex interplay of redistributive policies and politics, in order to propose new directions for policy. Amid growing anxieties about the economic prospects of the middle class, Income Inequality: The Canadian Story will inform the public discourse on this issue of central concern for all Canadians."--Publisher's website.


Inequality, Mobility, and Segregation

Inequality, Mobility, and Segregation

Author: John A. Bishop

Publisher: Emerald Group Publishing

Published: 2012-09-06

Total Pages: 439

ISBN-13: 1781901716

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Contains 15 papers, which were presented at the Fourth Meeting of the Society for the Study of Economic Inequality, Catania, Sicily, July 2011. This title includes measuring segregation, welfare and liberty, the use of influence functions in distributional analysis, and the axiomatic approach to multidimensional inequality.