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Full-Text Articles in International Economics
Globalization And Inequality An International Comparison Between Sweden And The Us, Sergio A. Berumen
Globalization And Inequality An International Comparison Between Sweden And The Us, Sergio A. Berumen
Sergio A. Berumen
In this paper we first review the concepts of Globalization and Inequality, paying special attention to the conclusions reached previously by other economists. Later on, we carry on with an international comparison between Sweden and the United States for the period 1913-2012. We depict the evolution in inequality levels for both countries, based in two main indicators: the Gini Index and the top 1% income share. Our findings point out that inequality has strongly risen in the United States whilst Sweden’s level of inequality is not far from the one presented immediately after the World War II. These results may …
Globalization, Inequality, And Redistribution: Theory And Evidence, Giray Gozgor, Priya Ranjan
Globalization, Inequality, And Redistribution: Theory And Evidence, Giray Gozgor, Priya Ranjan
Priya Ranjan
This paper constructs a simple theoretical model to study the implications of globalization for inequality and redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfare of all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and redistribution in a panel data set of 140 countries for the period from 1970 to 2012. We find that both inequality and redistribution have been increasing with globalization. The results are robust to the inclusion of many different controls and the exclusion of outliers.