Inequality: traditional drivers and the role of union power
| Autor: | Florence Jaumotte, Carolina Osorio Buitron |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
Income shares Inequality Technological change media_common.quotation_subject 05 social sciences Instrumental variable Decile Globalization Net income 0502 economics and business Economics Demographic economics 050207 economics Developed country 050205 econometrics media_common |
| Zdroj: | Oxford Economic Papers. 72:25-58 |
| ISSN: | 1464-3812 0030-7653 |
| DOI: | 10.1093/oep/gpz024 |
| Popis: | We examine the factors explaining the increase in gross and net income inequality in advanced economies since the 1980s. Our results support the view that globalization, technological progress, financial deregulation and lower top marginal tax rates are associated with higher inequality, and we find that the relation between the decline in union density and the rise in top decile income shares—a phenomenon which labour economists have long been discussing—is widespread across advanced economies. The influence of union density on top income shares appears to be causal, as evidenced by our instrumental variable estimates and the inclusion of potentially omitted variables. |
| Databáze: | OpenAIRE |
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