However, a causal mediation analysis shows that these mechanisms are not sufficient to fully understand the impact of income inequality on support for populists. This finding raises questions regarding the empirical support of existing theories to explain how macroeconomic changes in inequality became a...
But health inequality does appear to have a significant impact on economic growth (not to mention quality of life). The implication is that doing more to help those at lower incomes afford the health care they need -- or at least help lower the share of their income devoted to health care...
How individual income sources affect income inequality has long been important for interpreting economic trends and for making public policy. Whether the issue is changes in budget and tax policies, in social security benefits, or in the treatment of a form of property income, a major part of ...
aWe construct a simple model to illustrate how income inequality could affect consumption due to the status-seeking motive. In our model, an individual lives for two periods, and there is some exogenously given income in the first period, Y1. He consumes C1 and saves S=Y1-C1 in the first...
Income inequality refers to how unevenly income is distributed in a population. The less equal the distribution, the greater the income inequality.
Gross domestic product, or GDP, measures the total output of the economy, including activity, stability, and growth of goods and services; as such, it's seen as a proxy for the economy. The standard of living is derived from per capita GDP, determined by dividing GDP by the number of ...
How does an increase in the tax rate on income from capital affect economic growth? Give examples. How do tax cuts affect the economy? How do rising tax rates affect tax revenue over time according to the Laffer curve? What is the role of taxation in economic growth?
tax reduction does not lead to an increase in the scale of debt financing for enterprises, implying the presence of soft restraint inertia in debt financing. Columns (4) to (9) depict the impact of debt financing, equity financing, and internal financing on the intensity of R&D investment and...
But how does a nation’s education system relate to its economic performance? Why do most workers with college degrees earn so much more than those without degrees? Understanding how education and training interact with theeconomycan help explain why some flourish while others falter. ...
How Does a Shrinking Middle Class Affect the Economy? There are valid reasons to believe that a shrinking middle class is bad foreconomic growth. This group has historically been responsible for a large chunk of spending, fueling demand for goods and services and keeping the economy ticking well...