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Full-Text Articles in Income Distribution
Investigating The Impacts Of Monetary Policy On Income Inequality In Developed Nations: Case Study Of The Euro Area, Japan And The United States, Hector Martinez Garcia
Investigating The Impacts Of Monetary Policy On Income Inequality In Developed Nations: Case Study Of The Euro Area, Japan And The United States, Hector Martinez Garcia
Masters Theses
This paper tries to evaluate the effect that unconventional monetary policy has had on income inequality for the set of Eurozone countries, the United States and Japan using an unbalanced panel data model over the period from 1980 to 2021, first jointly and then individually, using different regressions for each case. Based on the regression model analyzed, the study attempts to analyze the relationship between money supply and income inequality as measured by the Gini index using fixed effects and random effects for our panel data model. The study reveals the importance of the money supply variable in reducing inequality …
Racing The Machine: Automation-Induced Inequality Through The Lens Of The Fourth Industrial Revolution, Evelyn Martin
Racing The Machine: Automation-Induced Inequality Through The Lens Of The Fourth Industrial Revolution, Evelyn Martin
Economics Theses
This paper analyzes the scope and velocity of automation-induced inequality as a result of the Fourth Industrial Revolution. We find that, when left unchecked by intentional government policy, the direct impacts of inequality will affect virtually all demographic groups and occupational skill levels, as well as, be hastened by future recessions and noticeable skill biases. We find that unconditional cash transfers in the form of a universal basic income have the potential to address the aforementioned scope and velocity due to their cash transfer modality and universal qualities. As we are living through the start of the Fourth Industrial Revolution, …