Trickling Down or Fizzling Out? Economic Performance, Transfers, Inequality and Low Income

Economic Growth and Income Inequality

The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities? These are broad questions in a field of study that has been plagued by looseness in def...

From income inequality to economic inequality

Focus must be shifted from income inequality to economic inequality because of the presence of causal influences on individual well-being and freedom that are economic in nature but cannot be expounded by simple statistics of incomes and commodity holdings. Attention must be given to heterogeneous magnitudes. Moreover, there is a need for the derivation of partial orderings based on explicit or...

Economic Consequences of Income Inequality

Nowhere is this separation greater than in representative agent models, which have been one of the dominant paradigms for studying business cycles, economic growth, and other macroeconomic phenomena. Not only do these models preclude us from studying the relationship between distribution and efficiency, but they also can be deeply misleading in the way they lead us to assess efficiency. Conside...

Linking Economic Complexity, Institutions, and Income Inequality

— A country’s mix of products predicts its subsequent pattern of diversification and economic growth. But does this product mix also predict income inequality? Here we combine methods from econometrics, network science, and economic complexity to show that countries exporting complex products—as measured by the Economic Complexity Index—have lower levels of income inequality than countries expo...

Income inequality and economic residential segregation.