Inequality and Growth
Author: Theo S. Eicher
Publisher: MIT Press
Published: 2003
Total Pages: 343
ISBN-13: 0262050692
DOWNLOAD EBOOKEssays exploring the relationship between economic growth and inequality and the implications for policy makers.
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Finance, Growth, and Public Policy
Author: Mark Gertler
Publisher: World Bank Publications
Published: 1991
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKA thriving financial market depends not only on a prudent regulatory regime but also on having enough creditworthy borrowers. Policies in the real sector- macroeconomic, public finance, and trade policies- that directly stimulate growth and stability should be pursued in concert with financial reform.
Credit Markets with Differences in Abilities
Author: Mr.Se-Jik Kim
Publisher: International Monetary Fund
Published: 1994-04-01
Total Pages: 36
ISBN-13: 1451972962
DOWNLOAD EBOOKThis paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages specialization, by which individuals choose during their youth to work or to receive formal education. This specialization unambiguously increases growth and welfare. The model also shows that in economies with high (low) average level of education abilities, the opening of credit markets induces a more disperse (equal) income distribution.
Links Between Growth, Inequality, and Poverty: A Survey
Author: Ms. Valerie Cerra
Publisher: International Monetary Fund
Published: 2021-03-12
Total Pages: 54
ISBN-13: 1513572660
DOWNLOAD EBOOKIs 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.
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
DOWNLOAD EBOOKThis 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
Author: Juan Gabriel Rodríguez
Publisher: Emerald Group Publishing
Published: 2011-10-12
Total Pages: 259
ISBN-13: 1780520344
DOWNLOAD EBOOKEight 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.
Inequality and Economic Development
Author: Oded Galor
Publisher: Edward Elgar Publishing
Published: 2009
Total Pages: 0
ISBN-13: 9781847206763
DOWNLOAD EBOOKAnalyses the importance of inequality and development. This book explores human capital formation, gender inequality, landownership, ethical division and political transitions.
The Economics of Screening and Risk Sharing in Higher Education
Author: Bernhard Eckwert
Publisher: Academic Press
Published: 2015-05-14
Total Pages: 190
ISBN-13: 0128031913
DOWNLOAD EBOOKThe Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students' attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. - Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. - Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. - Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.
Hysteresis and Business Cycles
Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
Published: 2020-05-29
Total Pages: 50
ISBN-13: 1513536990
DOWNLOAD EBOOKTraditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Inequality Matters
Author: James Lardner
Publisher:
Published: 2005
Total Pages: 328
ISBN-13: 9781565849952
DOWNLOAD EBOOKA cautionary volume of essays by leading scholars and activists examines the pervasive consequences of economic inequality in America, drawing on current research to explore such issues as the causes and dimensions of inequality, the persistence of racial disparities, the erosion of democracy and community, and inequality as a moral and religious problem. 12,000 first printing.
