National Income and Its Distribution /

Does the distribution of income within a country become more equal as it grows richer? This paper uses plausibly exogenous variations in trade-weighted world income and international oil price shocks as instruments for within-country variations in countries real GDP per capita to examine this issue...

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Autor principal: Bruckner, Markus
Altres autors: Dabla-Norris, Era, Gradstein, Mark
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2014.
Col·lecció:IMF Working Papers; Working Paper ; No. 2014/101
Accés en línia:Full text available on IMF
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245 1 0 |a National Income and Its Distribution /  |c Markus Bruckner, Era Dabla-Norris, Mark Gradstein. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
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520 3 |a Does the distribution of income within a country become more equal as it grows richer? This paper uses plausibly exogenous variations in trade-weighted world income and international oil price shocks as instruments for within-country variations in countries real GDP per capita to examine this issue for a large sample of advanced and developing countries. Our findings indicate that increases in national income have a significant moderating effect on income inequality: a one percent increase in real GDP per capita, on average, reduces the Gini coefficient by around 0.08 percentage points, a result that is robust across income levels, different time horizons, and alternative estimation techniques. From a policy perspective, our results suggest that education policies that promote equity and help individuals continue on to higher levels of education could help reduce income inequality. 
538 |a Mode of access: Internet 
700 1 |a Dabla-Norris, Era. 
700 1 |a Gradstein, Mark. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/101 
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