Explaining international and intertemporal variations in income inequality

• 成果类型: Article
• 署名作者: Li, HY; Squire, L; Zou, HF
• 署名单位: Chinese University of Hong Kong; The World Bank; Wuhan University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/1468-0297.00271
• 发表日期: 1998
• 页码: 26-43
• 关键词: growth

摘要

This paper explores the propositions that, income inequality is relatively stable within countries; and that it varies significantly among countries. A new and expanded data set provides broad support for both propositions. Drawing on a political economy and capital market imperfection arguments to explain the intertemporal and international variation in inequality, the empirical analysis shows that the predicted variables associated with the first argument (a measure of civil liberties and the initial level of secondary schooling) and the second argument (a measure of financial depth and the initial distribution of land) are indeed important determinants of inequality.