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Declining Inequality in Latin America

2010-08-01 Business & Economics
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Release : 2010-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 445/5 ( reviews)

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Book Synopsis Declining Inequality in Latin America by : Luis Felipe Lopez-Calva

Download or read book Declining Inequality in Latin America written by Luis Felipe Lopez-Calva. This book was released on 2010-08-01. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and United Nations Development Programme publication Latin America is often singled out for its high and persistent income inequality. Toward the end of the 1990s, however, income concentration began to fall across the region. Of the seventeen countries for which comparable data are available, twelve have experienced a decline, particularly since 2000. This book is among the first efforts to understand what happened in these countries and why. Led by editors Felipe López-Calva and Nora Lustig, a panel of distinguished economists undertakes in-depth analyses of Argentina, Brazil, Mexico, and Peru. In addition, they provide essential background in the form of overviews of the relationship between markets and inequality, the political economy of redistribution, and the evolution of income inequality in the advanced industrialized economies. Two factors account for much of the decline in inequality: a decrease in the wage gap between skilled and low-skilled labor, and an increase in government transfers targeted to the poor. Thanks to the timeliness and sophistication of these essays, Declining Inequality in Latin America is likely to become a standard reference in its field.

Falling Inequality in Latin America

2014 Business & Economics
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Release : 2014
Genre : Business & Economics
Kind : eBook
Book Rating : 802/5 ( reviews)

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Book Synopsis Falling Inequality in Latin America by : Giovanni Andrea Cornia

Download or read book Falling Inequality in Latin America written by Giovanni Andrea Cornia. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents and explains the reduction of income inequality that has taken place in the majority of Latin American countries over the last decade.

Declining Inequality in Latin America

2010 Economic assistance, Domestic
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Release : 2010
Genre : Economic assistance, Domestic
Kind : eBook
Book Rating : 102/5 ( reviews)

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Book Synopsis Declining Inequality in Latin America by : Luis Felipe López-Calva

Download or read book Declining Inequality in Latin America written by Luis Felipe López-Calva. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: " A Brookings Institution Press and United Nations Development Programme publication Latin America is often singled out for its high and persistent income inequality. Toward the end of the 1990s, however, income concentration began to fall across the region....

Wage Inequality in Latin America

2017-12-28 Business & Economics
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Release : 2017-12-28
Genre : Business & Economics
Kind : eBook
Book Rating : 400/5 ( reviews)

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Book Synopsis Wage Inequality in Latin America by : Julián Messina

Download or read book Wage Inequality in Latin America written by Julián Messina. This book was released on 2017-12-28. Available in PDF, EPUB and Kindle. Book excerpt: What caused the decline in wage inequality of the 2000s in Latin America? Looking to the future, will the current economic slowdown be regressive? Wage Inequality in Latin America: Understanding the Past to Prepare for the Future addresses these two questions by reviewing relevant literature and providing new evidence on what we know from the conceptual, empirical, and policy perspectives. The answer to the fi rst question can be broken down into several parts, although the bottom line is that the changes in wage inequality resulted from a combination of three forces: (a) education expansion and its eff ect on falling returns to skill (the supply-side story); (b) shifts in aggregate domestic demand; and (c) exchange rate appreciation from the commodity boom and the associated shift to the nontradable sector that changed interfi rm wage diff erences. Other forces had a non-negligible but secondary role in some countries, while they were not present in others. These include the rapid increase of the minimum wage and a rapid trend toward formalization of employment, which played a supporting role but only during the boom. Understanding the forces behind recent trends also helps to shed light on the second question. The analysis in this volume suggests that the economic slowdown is putting the brakes on the reduction of inequality in Latin America and will likely continue to do so—but it might not actually reverse the region’s movement toward less wage inequality.

What is Behind Latin America’s Declining Income Inequality?

2014-07-15 Business & Economics
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Release : 2014-07-15
Genre : Business & Economics
Kind : eBook
Book Rating : 826/5 ( reviews)

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Book Synopsis What is Behind Latin America’s Declining Income Inequality? by : Ms.Evridiki Tsounta

Download or read book What is Behind Latin America’s Declining Income Inequality? written by Ms.Evridiki Tsounta. This book was released on 2014-07-15. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America and proposes various reasons behind this important development. Using a panel econometric analysis for a large group of emerging and developing countries, we find that the Kuznets curve holds. Notwithstanding the limitations in the dataset and of cross-country regression analysis more generally, our results suggest that almost two-thirds of the recent decline in income inequality in Latin America is explained by policies and strong GDP growth, with policies alone explaining more than half of this total decline. Higher education spending is the most important driver, followed by stronger foreign direct investment and higher tax revenues. Results suggest that policies and to some extent positive growth dynamics could play an important role in lowering inequality further.

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