Finally, in the low-income stage, inequality tends to impede growth through channels that reduce the level of human capital and political stability and increase fertility, rather than through channels that affect investment, and the channels vary slightly by the country's economic systems, religious...
of development, the restriction on access to credit will disappear for all individuals, and eventually, income distribution will not significantly affect economic growth.5 This view raises an important question: Do countries' income levels matter in the impact of income inequality on economic growth?
income. The second objective is to explore the determinants of changes in inequality over the same period. We find that the only robust feature is inequality convergence. Growth does not significantly affect the evolution of inequality, either in high-income or ...
An Introduction to Economic InequalityFrom Athens, to Rome, to today, the story is the same:Income inequality breeds wealth inequality, which in-turn breeds social inequality in a society, which in-turn breeds injustice (as it begins to affect rights and liberties)… even in an otherwise just...
This further examines how urbanization policies affect national income inequality. The plots are based on data from 90 economies for the period of 2011–2015 and indicate that pro-urbanization countries have a larger benign impact of urbanization on national income inequality. Notes: (1) Country ...
We introduce into a human-capital based growth framework utility from self-esteem, driven by academic achievements. Self-esteem, through its effect on human capital, is shown to shape the intertemporal evolution and the persistence of income inequality, in general, and across population groups. Ine...
One of the factors that may affect economic growth is income inequality. In recent years, we have seen rising income inequality. During 1990-2001, the Gini index rose 8.9 percent from 0.428 to 0.466; the ratio of top fifth income to the bottom fifth income ...
Causes of Income Inequality Some of the factors that affect income inequality include:123 Globalization:The increase in trade among nations resulted in the move of manufacturing and other jobs by corporations in the U.S. to countries where labor costs were cheaper. For working-class and middle-cl...
Hence, the aim of this essay is twofold; first, to assess the relationship between economic growth and income inequality, as well as the relation between economic growth and environmental deterioration with a view to looking into possible growth impacts on income and environment, and second, to ...
Hence, the aim of this essay is twofold; first, to assess the relationship between economic growth and income inequality, as well as the relation between economic growth and environmental deterioration with a view to looking into possible growth impacts on income and environment, and second, to ...