Redistribution Inequality And Growth

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Redistribution, Inequality, and Growth

Author : Mr.Jonathan David Ostry,Mr.Andrew Berg,Mr.Charalambos G Tsangarides
Publisher : International Monetary Fund
Page : 30 pages
File Size : 44,6 Mb
Release : 2014-02-17
Category : Business & Economics
ISBN : 9781484352076

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Redistribution, Inequality, and Growth by Mr.Jonathan David Ostry,Mr.Andrew Berg,Mr.Charalambos G Tsangarides Pdf

The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.

Inequality and Growth

Author : Theo S. Eicher,Stephen J. Turnovsky
Publisher : MIT Press
Page : 343 pages
File Size : 43,7 Mb
Release : 2007-01-26
Category : Business & Economics
ISBN : 9780262550642

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Inequality and Growth by Theo S. Eicher,Stephen J. Turnovsky Pdf

Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.

Government at a Glance 2021

Author : OECD
Publisher : OECD Publishing
Page : 280 pages
File Size : 49,8 Mb
Release : 2021-07-09
Category : Electronic
ISBN : 9789264921412

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Government at a Glance 2021 by OECD Pdf

The 2021 edition includes input indicators on public finance and employment; process indicators include data on institutions, budgeting practices, human resources management, regulatory governance, public procurement, governance of infrastructure, public sector integrity, open government and digital government. Outcome indicators cover core government results (e.g. trust, political efficacy, inequality reduction) and indicators on access, responsiveness, quality and satisfaction for the education, health and justice sectors.

Inequality and the Fading of Redistributive Politics

Author : Keith Banting,John Myles
Publisher : UBC Press
Page : 482 pages
File Size : 41,7 Mb
Release : 2013-09
Category : Political Science
ISBN : 9780774826013

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Inequality and the Fading of Redistributive Politics by Keith Banting,John Myles Pdf

The redistributive state is fading in Canada. Government programs are no longer offsetting the growth in inequality generated by the market. In this book, leading political scientists, sociologists, and economists point to the failure of public policy to contain surging income inequality. A complex mix of forces has reshaped the politics of social policy, including global economic pressures, ideological change, shifts in the influence of business and labour, changes in the party system, and the decline of equality-seeking civil society organizations. This volume demonstrates that action and inaction policy change and policy drift are at the heart of growing inequality in Canada.

Inequality and Growth

Author : Theo S. Eicher,Stephen J. Turnovsky
Publisher : MIT Press
Page : 343 pages
File Size : 42,5 Mb
Release : 2003
Category : Economic development
ISBN : 9780262050692

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Inequality and Growth by Theo S. Eicher,Stephen J. Turnovsky Pdf

Essays exploring the relationship between economic growth and inequality and the implications for policy makers.

Inequality and Fiscal Policy

Author : Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen
Publisher : International Monetary Fund
Page : 450 pages
File Size : 42,7 Mb
Release : 2015-09-21
Category : Business & Economics
ISBN : 9781513567754

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Inequality and Fiscal Policy by Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen Pdf

The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government’s most powerful tool for addressing inequality. It affects households ‘consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics.

Fiscal Policy and Income Inequality

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 69 pages
File Size : 52,7 Mb
Release : 2014-07-03
Category : Business & Economics
ISBN : 9781498343671

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Fiscal Policy and Income Inequality by International Monetary Fund Pdf

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Milestones and Turning Points in Development Thinking

Author : R. Jolly
Publisher : Springer
Page : 319 pages
File Size : 43,7 Mb
Release : 2012-05-17
Category : Social Science
ISBN : 9781137271631

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Milestones and Turning Points in Development Thinking by R. Jolly Pdf

The first volume of IDS Companions to Development Studies focuses on pivotal writing emerging from the IDS fellowship during the last 50 years. It includes five topics: perspectives and paradigms, debunking myths, development policy, gender and international perspectives, and policy, as well as names like Seers, Singer, Lipton, Reg Green.

Inequality, Redistribution and Mobility

Author : Juan Gabriel Rodriguez,John A. Bishop
Publisher : Emerald Group Publishing
Page : 292 pages
File Size : 50,7 Mb
Release : 2020-11-26
Category : Business & Economics
ISBN : 9781800430396

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Inequality, Redistribution and Mobility by Juan Gabriel Rodriguez,John A. Bishop Pdf

Research on Economic Inequality's 28th volume provides original research on how inequality is affected by redistribution, growth, mobility and educational opportunities. Additional papers discuss poverty, welfare and wage discrimination.

Confronting Inequality

Author : Jonathan D. Ostry,Prakash Loungani,Andrew Berg
Publisher : Columbia University Press
Page : 182 pages
File Size : 41,5 Mb
Release : 2019-01-08
Category : Business & Economics
ISBN : 9780231527613

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Confronting Inequality by Jonathan D. Ostry,Prakash Loungani,Andrew Berg Pdf

Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose—such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.

Links Between Growth, Inequality, and Poverty: A Survey

Author : Ms. Valerie Cerra,Mr. Ruy Lama,Norman Loayza
Publisher : International Monetary Fund
Page : 54 pages
File Size : 46,7 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513572666

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Links Between Growth, Inequality, and Poverty: A Survey by Ms. Valerie Cerra,Mr. Ruy Lama,Norman Loayza Pdf

Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.

Income Distribution and High-quality Growth

Author : Vito Tanzi,Ke-young Chu
Publisher : MIT Press
Page : 448 pages
File Size : 53,6 Mb
Release : 1998
Category : Business & Economics
ISBN : 0262201097

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Income Distribution and High-quality Growth by Vito Tanzi,Ke-young Chu Pdf

The contributors argue that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth. The contrast is vivid. While the majority of people in the industrial world and some in the developing world enjoy unprecedented affluence, a far greater number of people in the low-income countries live in abject poverty. Although several developing countries are achieving rapid economic growth and poverty reduction, most formerly centrally planned countries are struggling to implement market-oriented reforms in the midst of economic deterioration and rising poverty. The paramount importance of reducing poverty worldwide is forcing economists and policymakers to look at how income distribution and economic growth interact. The essays in this volume grew out of a 1995 conference sponsored by the International Monetary Fund. The contributors are scholars and policymakers from academic institutions, governments, and international organizations. The questions discussed include: How does income distribution interact with economic growth in the short run and the long run? To what extent can government use transfer programs to increase the incomes of the poor? How can government use social programs to help the poor increase their income-earning capacity? Does distributional inequality create an obstacle to long-term poverty reduction? Alternatively, is distributional inequality a necessary means of achieving economic growth? Generally, the contributors agree that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth.

Inequality and Growth

Author : Francesco Grigoli,Evelio Paredes,Gabriel Di Bella
Publisher : International Monetary Fund
Page : 33 pages
File Size : 50,9 Mb
Release : 2017-01-18
Category : Business & Economics
ISBN : 9781475569049

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Inequality and Growth by Francesco Grigoli,Evelio Paredes,Gabriel Di Bella Pdf

The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a heterogeneous panel structural vector autoregression model, which addresses some empirical challenges plaguing the literature. We find that income inequality is converging across countries, and that its impact on economic growth is heterogeneous. In particular, while the median response of real per capita GDP growth to shocks in income inequality is negative and significant, the dispersion around the estimates is large, with at least one fourth of the countries in the sample presenting a positive effect. The results suggest that the negative effect is mainly driven by the Middle East and Central Asia and the Western Hemisphere across regions, and emerging markets across income levels. Finally, we find evidence that improved institutional frameworks can reduce the negative effect of income inequality on growth.

Polarization, Politics, and Property Rights

Author : Philip Keefer,Stephen F. Knack
Publisher : World Bank Publications
Page : 44 pages
File Size : 48,8 Mb
Release : 2000
Category : Crecimiento economico
ISBN : 8210379456XXX

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Polarization, Politics, and Property Rights by Philip Keefer,Stephen F. Knack Pdf

One strand of research argues that polarized societies find it difficult to reach political consensus on appropriate responses to crises. Another strand focuses on redistribution, asking whether income inequality stifles growth by increasing political incentives to redistribute. Which is right?

Inequality of Opportunity, Inequality of Income and Economic Growth

Author : Mr.Shekhar Aiyar,Mr.Christian H Ebeke
Publisher : International Monetary Fund
Page : 23 pages
File Size : 41,9 Mb
Release : 2019-02-15
Category : Business & Economics
ISBN : 9781484396988

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Inequality of Opportunity, Inequality of Income and Economic Growth by Mr.Shekhar Aiyar,Mr.Christian H Ebeke Pdf

We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.