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Full-Text Articles in Economics

Concerning Inequality, Technology Adoption, And Structural Change, Radhika Lahiri, Shyama Ratnasiri Mar 2007

Concerning Inequality, Technology Adoption, And Structural Change, Radhika Lahiri, Shyama Ratnasiri

Radhika Lahiri

Empirical evidence suggests that there has been a divergence over time in income distributions across countries and within countries. Furthermore, developing economies show a great deal of diversity in their growth patterns during the process of economic development. For example, some of these countries converge rapidly on the leaders, while others stagnate, or even experience reversals and declines in their growth processes. In this paper we study a simple dynamic general equilibrium model with household specific costs of technology adoption which is consistent with these stylized facts. In our model, growth is endogenous, and there are two-period lived overlapping generations …


Spatial Inequality In Chile, Claudio A. Agostini, Philip H. Brown Feb 2007

Spatial Inequality In Chile, Claudio A. Agostini, Philip H. Brown

Working Papers in Economics

Despite success in reducing poverty over the last twenty years, inequality in Chile has remained virtually unchanged, making Chile one of the least equal countries in the world. High levels of inequality have been shown to hamper further reductions in poverty as well as economic growth and local inequality has been shown to affect such outcomes as violence and health. The study of inequality at the local level is thus crucial for understanding the economic well-being of a country. Local measures of inequality have been difficult to obtain, but recent theoretical advances have enabled the combination of survey and census …


Gender, Distribution, And Balance Of Payments Constrained Growth In Developing Countries, Stephanie Seguino Jan 2007

Gender, Distribution, And Balance Of Payments Constrained Growth In Developing Countries, Stephanie Seguino

PERI Working Papers

An unresolved debate in the development literature concerns the impact of gender inequality on economic growth. Previous studies have found that the effect varies, depending on the measure of inequality (wages or capabilities). This paper expands that discussion by considering both the short- and long-run, evaluating the effects of gender equality in two types of economies—semi-industrialized economies (SIEs) and low-income agricultural economies (LIAEs). Further, it incorporates the effect of gender equity on the balance of payments constraint to growth. These preliminary results suggest that gender equality is more likely to stimulate growth in LIAEs than in SIEs in both the …


Estimating Guard Labor, Arjun Jayadev Jan 2007

Estimating Guard Labor, Arjun Jayadev

Economics Faculty Publication Series

As a background paper to Jayadev and Bowles (2006), this paper provides details on our measure of guard labor as we measure these in labor units. Data from the United States indicate a significant increase in its extent in the U.S. over the period 1890 to the present. Cross-national comparisons show a significant statistical association between income inequality and the fraction of the labor force that is constituted by guard labor, as well as with measures of political legitimacy (inversely) and political conflict.


Income Inequality And The Probability Of Violent Revolt, Noah Cecil Jan 2007

Income Inequality And The Probability Of Violent Revolt, Noah Cecil

Honors Papers

This paper examines the effect of income inequality on the impetus of an organized dissident group to initiate a "revolt" in an attempt to wrest power from the government regionally or countrywide. After suggesting alterations and extensions of a mathematical framework developed by Blomberg, Hess, and Weerapana (2004) income inequality, economic growth, urbanization, and political rights data from 102 countries from 1972-1999 are used to determine their respective influences on the likelihood of a revolt being initiated in a given year. Income inequality as measured by the Gini coefficient is found to be statistically significant in determining the likelihood of …


2007-5 Estimating The Level And Distribution Of Global Household Wealth, James B. Davies, Susanna Sandström, Anthony Shorrocks, Edward N. Wolff Jan 2007

2007-5 Estimating The Level And Distribution Of Global Household Wealth, James B. Davies, Susanna Sandström, Anthony Shorrocks, Edward N. Wolff

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.


Empirical Analysis Of Poverty And Inequality In West Virginia, Hector Addison Jan 2007

Empirical Analysis Of Poverty And Inequality In West Virginia, Hector Addison

Hector Addison

Poverty and income inequality have attracted a lot of attention in recent literature and policy discussions. Using Ordinary Least Squares and Two stage least squares and cross sectional data for all counties in West Virginia, this study examines the determinants of poverty and income inequality and possibility of simultaneous relationship between them. Findings indicate there is a weak simultaneous relationship and income inequality is declining among aged 65 and above. Education, seen as social equalizer does not provide any evidence in reducing income inequality in West Virginia but as more and more women take up headship in families, poverty and …


Information And Communications Technologies, Coordination And Control, And The Distribution Of Income, Frederick Guy, Peter Skott Jan 2007

Information And Communications Technologies, Coordination And Control, And The Distribution Of Income, Frederick Guy, Peter Skott

Economics Department Working Paper Series

We consider the links between information and communications technologies (ICTs) and the distribution of income, as mediated by problems of coordination and control within organizations. In the large corporations of the mid-twentieth century, a highly developed division of labor was coordinated and controlled with the aid of relatively underdeveloped ICTs. This created a situation in which the options of top management were constrained while the individual and collective power of lower paid workers was enhanced. Only in the late twentieth century, when the microprocessor and related technologies transformed the information systems of organizations, did improvements in the tools of coordination …


Power, Productivity And Profits, Frederick Guy, Peter Skott Jan 2007

Power, Productivity And Profits, Frederick Guy, Peter Skott

Economics Department Working Paper Series

New information and communication technologies, we argue, have been .power- biased.: in many industries they have allowed firms to monitor workers more closely, thus reducing the power of these workers. An efficiency wage model shows that .power- biased technical change’ in this sense may generate rising inequality accompanied by an increase in both unemployment and work intensity.