The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes?
The paper analyses the evolution of inequality for the largest economies of the Latin American region in the 21st century, with separate consideration of income and wealth. The drivers of changes in inequality and possible underlying causes are examined, including the role of the new wave of leftis...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2018-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/14250 |
| _version_ | 1811172584038858752 |
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| author | Francesco Bogliacino Daniel Rojas Lozano |
| author_facet | Francesco Bogliacino Daniel Rojas Lozano |
| author_sort | Francesco Bogliacino |
| collection | DOAJ |
| description |
The paper analyses the evolution of inequality for the largest economies of the Latin American region in the 21st century, with separate consideration of income and wealth. The drivers of changes in inequality and possible underlying causes are examined, including the role of the new wave of leftist governments.
The evidence reveals that income inequality decreased, though wealth inequality displayed a much less homogeneous pattern. Statistically, the decrease in inequality is associated with labour market changes, and especially with State redistribution through subsidies. Wealth inequality is mainly correlated with the change in the share of financial wealth. A possible causal interpretation is that the symbolic victories of the new left may have inflated social pressures, mostly in the presence of rents generated by the commodity boom.
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| first_indexed | 2024-04-10T17:32:41Z |
| format | Article |
| id | doaj.art-a8cf14c639ac44ddbdddd9a6056497bd |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:32:41Z |
| publishDate | 2018-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-a8cf14c639ac44ddbdddd9a6056497bd2023-02-03T16:42:38ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432018-10-017128610.13133/2037-3643_71.286_2The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes?Francesco Bogliacino0Daniel Rojas Lozano1Universidad Nacional de ColombiaFlacso México The paper analyses the evolution of inequality for the largest economies of the Latin American region in the 21st century, with separate consideration of income and wealth. The drivers of changes in inequality and possible underlying causes are examined, including the role of the new wave of leftist governments. The evidence reveals that income inequality decreased, though wealth inequality displayed a much less homogeneous pattern. Statistically, the decrease in inequality is associated with labour market changes, and especially with State redistribution through subsidies. Wealth inequality is mainly correlated with the change in the share of financial wealth. A possible causal interpretation is that the symbolic victories of the new left may have inflated social pressures, mostly in the presence of rents generated by the commodity boom. https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/14250inequalityLatin Americaincomewealthsocial policy |
| spellingShingle | Francesco Bogliacino Daniel Rojas Lozano The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes? PSL Quarterly Review inequality Latin America income wealth social policy |
| title | The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes? |
| title_full | The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes? |
| title_fullStr | The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes? |
| title_full_unstemmed | The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes? |
| title_short | The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes? |
| title_sort | evolution of inequality in latin america in the 21st century what are the patterns drivers and causes |
| topic | inequality Latin America income wealth social policy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/14250 |
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