Determinants of global income inequality: concerns and evidence about the neoliberal paradigm
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/26845 |
Resumo: | This paper analyses the main drivers of global income inequality while testing some of the most relevant economic theories on inequality evolution. We run xed e ects regressions on four di erent income inequality measures, using a panel of 157 countries, for the period 1960-2015. We nd evidence that, while labor market reforms and unemployment were two upturning drivers of inequality, governments have an important rebalancing role, despite their decreased size. Furthermore, al- though social and political globalization reduced inequality, overall globalization and the widening of nancial systems increased inequality. These ndings suggest that the 1980s transition from post-war regulated capitalism to neoliberal capitalism led to a worldwide upsurge of inequality within countries. The e ect of liberalization on inequality is con rmed when we perform a causal analysis using the European Eastern Bloc transition of the 1990s as a quasi-experiment. |
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Determinants of global income inequality: concerns and evidence about the neoliberal paradigmIncome inequalityInequality extraction ratioAugmented kuznet´s curveCountry fixed effectsDifference-in-differencesDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper analyses the main drivers of global income inequality while testing some of the most relevant economic theories on inequality evolution. We run xed e ects regressions on four di erent income inequality measures, using a panel of 157 countries, for the period 1960-2015. We nd evidence that, while labor market reforms and unemployment were two upturning drivers of inequality, governments have an important rebalancing role, despite their decreased size. Furthermore, al- though social and political globalization reduced inequality, overall globalization and the widening of nancial systems increased inequality. These ndings suggest that the 1980s transition from post-war regulated capitalism to neoliberal capitalism led to a worldwide upsurge of inequality within countries. The e ect of liberalization on inequality is con rmed when we perform a causal analysis using the European Eastern Bloc transition of the 1990s as a quasi-experiment.Peralta, SusanaRodrigues, Paulo Manuel MarquesRUNMergulhão, Alexandre Prazeres2017-12-14T18:38:54Z2017-09-202017-09-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/26845TID:201753626enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:14:07Zoai:run.unl.pt:10362/26845Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:28:33.666031Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
title |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
spellingShingle |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm Mergulhão, Alexandre Prazeres Income inequality Inequality extraction ratio Augmented kuznet´s curve Country fixed effects Difference-in-differences Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
title_full |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
title_fullStr |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
title_full_unstemmed |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
title_sort |
Determinants of global income inequality: concerns and evidence about the neoliberal paradigm |
author |
Mergulhão, Alexandre Prazeres |
author_facet |
Mergulhão, Alexandre Prazeres |
author_role |
author |
dc.contributor.none.fl_str_mv |
Peralta, Susana Rodrigues, Paulo Manuel Marques RUN |
dc.contributor.author.fl_str_mv |
Mergulhão, Alexandre Prazeres |
dc.subject.por.fl_str_mv |
Income inequality Inequality extraction ratio Augmented kuznet´s curve Country fixed effects Difference-in-differences Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Income inequality Inequality extraction ratio Augmented kuznet´s curve Country fixed effects Difference-in-differences Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This paper analyses the main drivers of global income inequality while testing some of the most relevant economic theories on inequality evolution. We run xed e ects regressions on four di erent income inequality measures, using a panel of 157 countries, for the period 1960-2015. We nd evidence that, while labor market reforms and unemployment were two upturning drivers of inequality, governments have an important rebalancing role, despite their decreased size. Furthermore, al- though social and political globalization reduced inequality, overall globalization and the widening of nancial systems increased inequality. These ndings suggest that the 1980s transition from post-war regulated capitalism to neoliberal capitalism led to a worldwide upsurge of inequality within countries. The e ect of liberalization on inequality is con rmed when we perform a causal analysis using the European Eastern Bloc transition of the 1990s as a quasi-experiment. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-14T18:38:54Z 2017-09-20 2017-09-20T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/26845 TID:201753626 |
url |
http://hdl.handle.net/10362/26845 |
identifier_str_mv |
TID:201753626 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137911133700096 |