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 Income and Economic Growth
Inequality of Opportunity, Inequality of Income and Economic Growth

Author: Mr.Shekhar Aiyar

Publisher: International Monetary Fund

Published: 2019-02-15

Total Pages: 23

ISBN-13: 1484396987

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We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.

The Great Gap
The Great Gap

Author: Merike Blofield

Publisher: Penn State Press

Published: 2011

Total Pages: 418

ISBN-13: 0271050098

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"A collection of essays addressing the relationship between inequality and politics in Latin America. Examines the socioeconomic context and inequality of opportunities; elite culture, public opinion, and media framing; capital mobility, campaign financing, representation and gender equality policies; and taxation and social policies"--Provided by publisher.

Inside Inequality in the Arab Republic of Egypt
Inside Inequality in the Arab Republic of Egypt

Author: Paolo Verme

Publisher: World Bank Publications

Published: 2014-04-08

Total Pages: 155

ISBN-13: 1464801983

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Inside Inequality in the Arab Republic of Egypt: Facts and Perceptions Across People, Time, and Space comprises four papers prepared in the framework of the Egypt inequality study financed by the World Bank. The first paper, by Sherine Al-Shawarby, reviews the studies on inequality in Egypt since the 1950s with the double objective of illustrating the importance attributed to inequality through time and of presenting and compare the main published statistics on inequality. The second paper, by Branko Milanovic, turns to the global and spatial dimensions of inequality. The Egyptian society remains deeply divided across space and in terms of welfare, and this study unveils some of the hidden features of this inequality. The third paper, by Paolo Verme, studies facts and perceptions of inequality during the 2000-2009 period, which preceded the Egyptian revolution. The fourth paper, by Sahar El Tawila, May Gadallah, and Enas Ali A.El-Majeed, assesses the state of poverty and inequality among the poorest villages of Egypt. The paper attempts to explain the level of inequality in an effort to disentangle those factors that derive from household abilities from those factors that derive from local opportunities. Inside Inequality in the Arab Republic of Egypt provides some initial elements that could explain the apparent mismatch between inequality measured with household surveys and inequality aversion measured by values surveys. This is a particularly important and timely topic to address in light of the unfolding developments in the Arab region. The book should be of interest to any observer of the political and economic evolution of the Arab region in the past few years and to poverty and inequality specialists interested in a deeper understanding of the distribution of incomes in Egypt and other countries in the Middle East and North Africa region. World Bank Studies are available individually or on standing order. The World Bank Studies series is also available online through the Open Knowledge Repository (https://openknowledge.worldbank.org/) and the World Bank e-Library (www.worldbank.org/elibrary). Book jacket.

Beliefs About Inequality
Beliefs About Inequality

Author: James R. Kluegel

Publisher: Transaction Publishers

Published: 1986

Total Pages: 344

ISBN-13: 0202303276

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Motivated by the desire to explain how Americans perceive and evaluate inequality and related programs and policies, the authors conducted a national survey of beliefs about social and economic inequality in America. Here they present the results of their research on the structure, determinants, and certain political and personal consequences of these beliefs. The presentations serve two major goals; to describe and explain the central features of Americans' images of inequality. Beliefs About Inequality begins with a focus on people's perceptions of the most basic elements of inequality: the availability of opportunity in society, the causes of economic achievements, and the benefits and costs of equality and inequality. The book's analysis of the public's beliefs on these key issues is based on fundamental theories of social psychology and lays the groundwork for understanding how Americans evaluate inequality-related policies. The authors discuss the ultimate determinants of beliefs and the implications of their findings for social policies related to inequality. They propose that attitudes toward economic inequality and related policy are influenced by three major aspects of the current American social, economic, and political environment: a stable "dominant ideology" about economic inequality; individuals' social and economic status; and specific beliefs and attitudes, often reflecting "social liberalism" shaped by recent political debates and events. "a superb piece of scholarship, combining substantive ambition and theoretical depth with analytical clarity and sophistication."--Public Opinion Quarterly James R. Kluegel is chairman of the Department of Sociology at the University of Illinois at Urbana-Champaign. He is the author of Evaluating Contemporary Juvenile Justice. Eliot R. Smith is professor of psychology at Indiana University. He is the author of Social Psychology.

Inequality and Democratization
Inequality and Democratization

Author: Ben W. Ansell

Publisher: Cambridge University Press

Published: 2014-12-18

Total Pages: 255

ISBN-13: 1316123286

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Research on the economic origins of democracy and dictatorship has shifted away from the impact of growth and turned toward the question of how different patterns of growth - equal or unequal - shape regime change. This book offers a new theory of the historical relationship between economic modernization and the emergence of democracy on a global scale, focusing on the effects of land and income inequality. Contrary to most mainstream arguments, Ben W. Ansell and David J. Samuels suggest that democracy is more likely to emerge when rising, yet politically disenfranchised, groups demand more influence because they have more to lose, rather than when threats of redistribution to elite interests are low.

The Undeserving Rich
The Undeserving Rich

Author: Leslie McCall

Publisher: Cambridge University Press

Published: 2013-03-29

Total Pages: 319

ISBN-13: 1107355230

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It is widely assumed that Americans care little about income inequality, believe opportunities abound, admire the rich, and dislike redistributive policies. Leslie McCall contends that such assumptions are based on both incomplete survey data and economic conditions of the past and not present. In fact, Americans have desired less inequality for decades, and McCall's book explains why. Americans become most concerned about inequality in times of inequitable growth, when they view the rich as prospering while opportunities for good jobs, fair pay and high quality education are restricted for everyone else. As a result, they favor policies to expand opportunity and redistribute earnings in the workplace, reducing inequality in the market rather than redistributing income after the fact with tax and spending policies. This book resolves the paradox of how Americans can express little enthusiasm for welfare state policies and still yearn for a more equitable society, and forwards a new model of preferences about income inequality rooted in labor market opportunities rather than welfare state policies.

Success and Luck
Success and Luck

Author: Robert H. Frank

Publisher: Princeton University Press

Published: 2017-09-26

Total Pages: 202

ISBN-13: 0691178305

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From New York Times bestselling author and economics columnist Robert Frank, a compelling book that explains why the rich underestimate the importance of luck in their success, why that hurts everyone, and what we can do about it How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy. Frank describes how, in a world increasingly dominated by winner-take-all markets, chance opportunities and trivial initial advantages often translate into much larger ones—and enormous income differences—over time; how false beliefs about luck persist, despite compelling evidence against them; and how myths about personal success and luck shape individual and political choices in harmful ways. But, Frank argues, we could decrease the inequality driven by sheer luck by adopting simple, unintrusive policies that would free up trillions of dollars each year—more than enough to fix our crumbling infrastructure, expand healthcare coverage, fight global warming, and reduce poverty, all without requiring painful sacrifices from anyone. If this sounds implausible, you'll be surprised to discover that the solution requires only a few, noncontroversial steps. Compellingly readable, Success and Luck shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies.

Who Wants What?
Who Wants What?

Author: David Rueda

Publisher: Cambridge University Press

Published: 2019-10-17

Total Pages: 305

ISBN-13: 1316998339

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Why do some people support redistributive policies such as a generous welfare state, social policy or protections for the poor, and others do not? The (often implicit) model behind much of comparative politics and political economy starts with redistribution preferences. These affect how individuals behave politically and their behavior in turn affects the strategies of political parties and the policies of governments. This book challenges some influential interpretations of the political consequences of inequality. Rueda and Stegmueller provide a novel explanation of how the demand for redistribution is the result of expected future income, the negative externalities of inequality, and the relationship between altruism and population heterogeneity. This innovative and timely volume will be of great interest to readers interested in the political causes and consequences of inequality.

The Spanish Fiscal Transition
The Spanish Fiscal Transition

Author: Sara Torregrosa Hetland

Publisher: Springer Nature

Published: 2021-09-18

Total Pages: 248

ISBN-13: 3030795411

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This book provides an analysis of the process and outcomes of the tax reform, with a focus on progressivity, redistribution, and inequality. Between 1977 and 1986, Spain underwent a comprehensive tax reform which shaped its fiscal system until today. It was made in connection with the transition to democracy and indeed was understood as a fundamental part of the political change. The book situates the reform both within Spanish history and international trends in tax systems and connects it to the expansion of the welfare state and regional decentralization in Spain. The analysis reveals that the tax system failed to attain progressivity, and significant levels of fraud had a noticeable impact on inequality. Because of this, fiscal redistribution remained limited. In the new political economy of the second globalization, late democratic and fiscal transitioners were unable to emulate the path of the welfare state forerunners.