SavedAdd your journal

Journals / Fiscaoeconomia / 2019 / Cilt: 3 - Sayı: 2

Factors Affecting Income Distribution in High-Income Countries

Fatmanur GÜDER
Pages
198–216
Publication Date
2019-05-31
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This shows that the crisis has a negative effect on income distribution in high-income countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The study reveals the causes of inequality of income distribution in high-income countries.
📊
Key Findings & Data:In the research, the macroeconomic factors affecting income distribution such as economic growth rate, inflation, unemployment, globalization, technology and public revenues are considered as independent variables.
💡
Conclusion & Impact:This shows that the crisis has a negative effect on income distribution in high-income countries.
🔬Design:Modeling & Simulation
📍Scope:2008 Verileri
⚙️Variables:Income Distribution · High-Income Countries · Panel Data Analysis

Abstract

The study reveals the causes of inequality of income distribution in high-income countries. In the research, the macroeconomic factors affecting income distribution such as economic growth rate, inflation, unemployment, globalization, technology and public revenues are considered as independent variables. The gini coefficient, which is one of the methods of measuring income inequality, is considered as dependent variable. Dummy variable is also included as an independent variable to the model to eliminate the effects of the global crisis that started in the United States in 2008 and spread all over the world. In the study, which is based on the 2008-2015 period, high-income countries are considered and the factors affecting income distribution are examined by panel data analysis. According to the findings of analysis, it is seen that inflation, economic growth, unemployment and public revenues increase income inequality in high income countries and economic globalization contributes to the improvement of income distribution in these countries. The shadow variable added to the model is also statistically significant. This shows that the crisis has a negative effect on income distribution in high-income countries.

🔖

Cite This Article

GÜDER, F. (2019). Factors Affecting Income Distribution in High-Income Countries. Fiscaoeconomia, Cilt: 3 - Sayı: 2, 198–216. https://ajindex.com/articles/716315

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (15)

  1. Ahluwalia, Montek (1976). “Income Distribution and Development: Some Stylized Facts”. American Economic Review, 66(2), 128-135.
  2. Albanesi, Stefania (2002). “Inflation and Inequality”. Centre for Economic Policy Research, 3470, 1-36. https://doi.org/10.1016/j.jmoneco.2006.02.009
  3. Angeles, Luis (2010). “An Alternative Test Of Kuznets’ Hypothesis”. The Journal of Economic Inequality, 8(4), 463-473.
  4. Antonelli, Cristiano; Gehringer, Agnieszka (2016). “Technological Change, Rent And Income Inequalities: A Schumpeterian Approach”. Technological Forecasting and Social Change, 115, 85-98.
  5. Baltagi, Badi H. (2005). Econometric Analysis of Panel Data. Chichester: John Wiley & Sons, Third Edition.
  6. Barro, Robert J. (2000). “Inequality And Growth in A Panel Of Countries”. Journal of Economic Growth, 5, 5-32.
  7. Barro, Robert J. (2008). “Inequality and Growth Revisited”. ADB Working Paper Series on Regional Economic Integration, No. 11, Asian Development Bank (ADB), Manila, Philippines. Berman, Eli; Bound, John; Griliches, Zvi (1994). “Changes in The Demand For Skilled Labor within U.S. Manufacturing: Evidence From The Annual Survey Of Manufactures”. The Quarterly Journal of Economics, 109(2), 367-397.
  8. Bjorklund, Anders (1991). “Reviews”. Economic and Industrial Democracy, 12(2), 278–279. doi:10.1177/0143831x91122008
  9. Blank, Rebecce M.; Blinder, Alan S. (1985). “Macroeconomics, Income Distribution, and Poverty”. NBER Working Paper, No. 1567, 1-59.
  10. Blejer, Mario I.; Guerrero, Isabel (1990). “The Impact Of Macroeconomic Policies On Income Distribution: An Empirical Study Of The Philippines”. The Review of Economics and Statistics, 72(3), 414-423.
  11. Blinder, Alan; Esaki, Howard (1978). “Macroeconomic activity and income distribution in the postwar United States”. The Review of Economics and Statistics, 60(4), 604–609.
  12. Bourguignon, Francois; Morrisson, Christian (1990). “Income Distribution, Development and Foreign Trade: A Cross-Sectional Analysis”. European Economic Review, 34(6), 1113–1132.
  13. Bowman, Kirk (1997). “Should the Kuznets Effect be Relied on to Induce Equalizing Growth: Evidence From Post 1950 Development”. World Development, 25(1), 127-143.
  14. Campano, Fred; Salvatore, Dominick (1988). “Economic Development, Income Inequality and Kuznets’ U-Shaped Hypothesis”. Journal of Policy Modeling, 10(2), 265-280.
  15. Cardoso, Eliana; Barros, Ricardo Paes; Urani, Andre (1995). “Inflation and Unemployment as Determinants of Inequality in Brazil: The 1980s”. (Ed.: R. Dornbusch and S. Edward