Unfair inequality and growth.

Autor/inn/en	Marrero, Gustavo A.; Rodríguez, Juan G.
Titel	Unfair inequality and growth. Gefälligkeitsübersetzung: Ungerechte Ungleichheit und Wachstum.
Quelle	In: The Scandinavian journal of economics, 125 (2023) 4, S. 1056-1092 PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0347-0520; 1467-9442
DOI	10.1111/sjoe.12531
Schlagwörter	Soziale Ungleichheit; Armut; Soziale Gerechtigkeit; Humankapital; Einkommensverteilung; Wirtschaftswachstum; Internationaler Vergleich; Auswirkung; Welt
Abstract	"Fighting against economic inequality is one fundamental social goal in the agendas of most governments. However, recent studies highlight that people actually prefer unequal societies, as they accept inequality generated by an individual's effort and wish to reduce only unfair inequality (generated by factors beyond an individual's control). This distinction might help to explain the fundamental unsolved question about whether inequality is good or bad for growth: unfair inequality (UI) could be growth-deterring, while fair inequality (FI) might be growth-enhancing. We derive a reduced-form growth equation from a stylized overlapping-generations model with human capital that includes FI, UI, and poverty. Then, using an instrumental variable approach, we show for alternative samples and inequality measures at the worldwide level that the estimated coefficient associated with UI is always negative, while the coefficient of total inequality increases when UI is included in the regression. Moreover, we find that poverty mediates this relationship because the higher the poverty rate, the smaller the impact of either type of inequality on growth." The study refers to the period 1960-2010. (Author's abstract, IAB-Doku, Published by arrangement with John Wiley & Sons)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2024/1