Author : Justin Stuart
Release : 2013
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Determinants of Income Inequality by : Justin Stuart
Download or read book The Determinants of Income Inequality written by Justin Stuart. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: "This thesis investigates recent cross-country patterns of income inequality. A unique dataset is constructed using World Bank and OECD data sources for a sample of 124 countries over the 1980 to 2010 period. Analyses of this dataset reveal three distinct sets of results. First, in terms of the spatial distribution of world income inequality, we find (i) pockets of high levels of inequality in South and Central America along with (ii) clusters of low inequality in Western European countries, particularly in Scandinavian countries. Over the period of study, significant increases in levels of inequality are registered for Russia and North America (especially in Canada and the US). Despite continued high levels of inequality in South America, inequality in the region appears to be receding, if only ever so slightly. Second, regression results support the contention that the Kuznets hypothesis is still relevant today. This finding is also robust to different measures of inequality. Finally, in terms of the determinants of cross-country patterns of inequality, estimates from panel regression models reveal that not one but multiple factors are driving cross-country patterns of income inequality. The level of economic development, age dependency, public sector expenditures and manufacturing activity are all identified as key determinants of international income inequality." --
