Volatility widens inequality. Could aid and remittances help?

Autor: Lisa Chauvet, Marin Ferry, Sampawende Tapsoba, Sylviane Guillaumont Jeanneney, Laurent Wagner, Patrick Guillaumont
Přispěvatelé: Institut de Recherche pour le Développement (IRD), Développement, institutions et analyses de long terme (DIAL), Laboratoire d'Economie de Dauphine (LEDa), Université Paris Dauphine-PSL, Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL), Fondation pour les Etudes et Recherches sur le Développement International (FERDI), 'Research Department International Monetary Fund (IMF)' (IMF), International Monetary Fund (IMF), Université Paris 1 Panthéon-Sorbonne (UP1), Centre d'Études et de Recherches sur le Développement International (CERDI), Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne [2017-2020] (UCA [2017-2020]), Université d'Auvergne - Clermont-Ferrand I (UdA)-Centre National de la Recherche Scientifique (CNRS)
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Inequality
JEL: F - International Economics/F.F3 - International Finance/F.F3.F35 - Foreign Aid
media_common.quotation_subject
Income volatility
Monetary economics
[SHS]Humanities and Social Sciences
0502 economics and business
European integration
Economics
ddc:330
Aid
050207 economics
F35
10. No inequality
ComputingMilieux_MISCELLANEOUS
050205 econometrics
media_common
JEL: F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F24 - Remittances
[QFIN]Quantitative Finance [q-fin]
05 social sciences
1. No poverty
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O1 - Economic Development/O.O1.O15 - Human Resources • Human Development • Income Distribution • Migration
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
O15
Remittances
Volatility
8. Economic growth
Volatility (finance)
F24
General Economics
Econometrics and Finance
Zdroj: Review of World Economics
Review of World Economics, 2019, 155 (1), ⟨10.1007/s10290-018-0331-7⟩
Review of World Economics, Springer Verlag, 2019, 155 (1), pp.71-104. ⟨10.1007/s10290-018-0331-7⟩
ISSN: 1610-2878
1610-2886
DOI: 10.1007/s10290-018-0331-7⟩
Popis: We analyse the relationship between income volatility and inequality and the conditional role played by aid and remittances. Using a panel of 142 countries for the period 1973 to 2012, we find that income volatility has an adverse impact on inequality, and that the poorest people are the most exposed to these fluctuations. However, while aid and remittances do not seem to have a clear direct impact on inequality, we uncover robust evidence which suggests that aid helps to dampen the negative effects of volatility on the distribution of income, while remittances do not.Keywords: Volatility, Inequality, Aid, and Remittances Revised version April 2017
Databáze: OpenAIRE
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