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Redistribution, inequality, and growth: new evidence
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نویسنده
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Andrew Berg ,Jonathan D. Ostry ,Charalambos G. Tsangarides ,Yorbol Yakhshilikov
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منبع
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journal of economic growth - 2018 - دوره : 23 - شماره : 3 - صفحه:259 -305
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چکیده
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we investigate the relationship between inequality, redistribution, and growth using a recently-compiled dataset that distinguishes clearly between market (pre-tax and transfer) and net (post tax and transfer) inequality, and allows us to calculate redistributive transfers for a large number of advanced and developing countries. across a variety of estimation methods, data samples, and robustness checks, we find: (1) lower net inequality is robustly correlated with faster and more durable growth, controlling for the level of redistribution; (2) redistribution appears benign in terms of its impact on growth, except when it is extensive; and (3) inequality seems to affect growth through human capital accumulation and fertility channels.
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کلیدواژه
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Growth ,Inequality ,Redistribution ,Cross country analysis ,O11 ,O15 ,O40
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آدرس
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Institute for Capacity Development, USA, International Monetary Fund Washington, Research Department, USA, International Monetary Fund Washington, Research Department, USA, International Monetary Fund Washington, Research Department, USA
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Authors
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