Quotation Crespo Cuaresma, Jesus, Roser, Max. 2016. Why is income inequality increasing in the developed world? Review of Income and Wealth 62 (1), 1-27.


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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 labor unions affect inequality dynamics robustly.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Review of Income and Wealth
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, VW-C, WH-B
Language English
Title Why is income inequality increasing in the developed world?
Volume 62
Number 1
Year 2016
Page from 1
Page to 27
Reviewed? Y
DOI http://dx.doi.org/10.1111/roiw.12153

Associations

People
Crespo Cuaresma, Jesus (Details)
External
Roser, Max (University of Oxford, United Kingdom)
Organization
Institute for Macroeconomics IN (Details)
Research Institute for Human Capital and Development FI (Details)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
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