Why is income inequality increasing in the developed world?
We address empirically the factors affecting the dynamics of income inequality among industrialized economies. Using a panel for 32 developed countries spanning the last four decades, our results indicate that the predictions of the Stolper–Samuelson theorem concerning the effects of international t...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
Wiley
2014
|
| _version_ | 1826265594508345344 |
|---|---|
| author | Max Roser Jesus Crespo Cuaresma |
| author_facet | Max Roser Jesus Crespo Cuaresma |
| author_sort | Max Roser |
| collection | OXFORD |
| description | We address empirically the factors affecting the dynamics of income inequality among industrialized economies. Using a panel for 32 developed countries spanning the last four decades, our results indicate that the predictions of the Stolper–Samuelson theorem concerning the effects of international trade on income inequality find support in the data if we concentrate on imports from developing countries as a trade measure, as theory would imply. We find that democratization, the interaction of technology and education, and changes in the relative power of labor unions affect inequality dynamics robustly. |
| first_indexed | 2024-03-06T20:26:07Z |
| format | Journal article |
| id | oxford-uuid:2f73190a-5c40-4bc9-886c-8cd34a75a9a4 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T20:26:07Z |
| publishDate | 2014 |
| publisher | Wiley |
| record_format | dspace |
| spelling | oxford-uuid:2f73190a-5c40-4bc9-886c-8cd34a75a9a42022-03-26T12:55:32ZWhy is income inequality increasing in the developed world?Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:2f73190a-5c40-4bc9-886c-8cd34a75a9a4EnglishSymplectic ElementsWiley2014Max RoserJesus Crespo CuaresmaWe address empirically the factors affecting the dynamics of income inequality among industrialized economies. Using a panel for 32 developed countries spanning the last four decades, our results indicate that the predictions of the Stolper–Samuelson theorem concerning the effects of international trade on income inequality find support in the data if we concentrate on imports from developing countries as a trade measure, as theory would imply. We find that democratization, the interaction of technology and education, and changes in the relative power of labor unions affect inequality dynamics robustly. |
| spellingShingle | Max Roser Jesus Crespo Cuaresma Why is income inequality increasing in the developed world? |
| title | Why is income inequality increasing in the developed world? |
| title_full | Why is income inequality increasing in the developed world? |
| title_fullStr | Why is income inequality increasing in the developed world? |
| title_full_unstemmed | Why is income inequality increasing in the developed world? |
| title_short | Why is income inequality increasing in the developed world? |
| title_sort | why is income inequality increasing in the developed world |
| work_keys_str_mv | AT maxroser whyisincomeinequalityincreasinginthedevelopedworld AT jesuscrespocuaresma whyisincomeinequalityincreasinginthedevelopedworld |