Roser, Max and Crespo Cuaresma, Jesus ORCID: https://orcid.org/0000-0003-3244-6560
(2016)
Why is Income Inequality Increasing in the Developed World?
Review of Income and Wealth, 62 (1).
pp. 1-27.
ISSN 00346586
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Abstract
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 labour unions affect inequality dynamics robustly.
Item Type: | Article |
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Additional Information: | This is the peer reviewed version of the following article: Roser, M. and Cuaresma, J. C. (2014), Why is Income Inequality Increasing in the Developed World?. Review of Income and Wealth, which has been published in final form at http://dx.doi.org/10.1111/roiw.12153. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving. |
Keywords: | Inequality / international trade / FDI / globalization / institutions |
Classification Codes: | JEL D63, I24, F10 |
Divisions: | Departments > Volkswirtschaft > Makroökonomie Forschungsinstitute > Human Capital and Development Kompetenzzentren > Sustainability Transf. & Responsibility |
Version of the Document: | Accepted for Publication |
Variance from Published Version: | Minor |
Depositing User: | Elena Simukovic |
Date Deposited: | 06 May 2015 11:08 |
Last Modified: | 16 Aug 2020 08:53 |
Related URLs: | |
FIDES Link: | https://bach.wu.ac.at/d/research/results/68541/ |
URI: | https://epub.wu.ac.at/id/eprint/4529 |
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