Growing income inequalities
Subtitle: economic analyses
By: edited by Joël Hellier and Nathalie Chusseau
Publisher: Palgrave Macmillan
Published: 2013
Place of publication: Basingstoke
Language: eng
Number of pages: 325
ISBN-13: 9780230303423
Subjects: Equality; Income distribution
Description: "This book provides an up-to-date survey of existing economic literature on the dimensions of growing income inequalities in both advanced and emerging countries. The different explanations and dimensions of inequalities are addressed, particularly globalization, technical progress, in-work poverty, changes in labor market institutions, education and intergenerational mobility, growth and development. The nine chapters provide simplified models exploring each of these elements, and assess commonly accepted explanations and mechanisms."--Publisher's website.
Notes: Includes bibliographical references and indexes.
Table of contents: title: Machine generated contents note: pt. I Where Do We Stand? Why Is It So?; title: 1.Growing Income Inequalities in Advanced Countries / Michel Dumont; title: 1.1.Introduction; title: 1.2.Stylized facts; title: 1.2.1.Growing wage inequality; title: 1.2.2.Growing income inequality; title: 1.2.3.Globalization and North-South trade; title: 1.2.4.A major technological change; title: 1.2.5.Changes in labour market institutions: more flexibility; title: 1.2.6.Changes in the labour supply: a general skill upgrading; title: 1.3.The demand-supply-institution framework; title: 1.4.The three explanations and their empirical relevance; title: 1.4.1.North-South trade and globalization; title: 1.4.2.Exogenous skill-biased technological change; title: 1.4.3.Changes in (labour market) institutions; title: 1.4.4.Taxes; title: 1.5.Combined explanations; title: 1.5.1.Trade-induced technological change; title: 1.5.2.Skill supply-induced technological change; title: 1.5.3.Institution-induced technological change; title: 1.5.4.Technology-induced offshoring; title: Contents note continued: 1.5.5.Labour market polarization and trade-in-tasks models; title: 1.6.Concluding remarks; title: 2.Inequality in Emerging Countries / Joel Hellier; title: 2.1.Introduction; title: 2.2.Inequality in emerging countries: what the data say; title: 2.2.1.Asian countries; title: 2.2.2.Latin America; title: 2.2.3.Other emerging countries; title: 2.2.4.An inconclusive diagnosis; title: 2.3.Traditional explanations: Kuznets versus Heckscher-Ohlin; title: 2.3.1.Kuznets' prediction: the inverted-U inequality curve; title: 2.3.2.The HOS prediction: decreasing inequality; title: 2.3.3.The combination of both explanations; title: 2.4.New explanations; title: 2.4.1.The cornering of new skill-intensive goods; title: 2.4.2.Technological transfers; title: 2.4.3.Changes in the sectoral structure with non-tradable goods; title: 2.4.4.FDI and capital imports from the North; title: 2.4.5.Intermediate emerging countries; title: 2.4.6.Growing South and technological catching up; title: 2.4.7.Assessment; title: 2.5.Empirical evidence; title: 2.5.1.Methods; title: Contents note continued: 2.5.2.Assessing the Kuznets hypothesis; title: 2.5.3.Overall estimations; title: 2.5.4.Asian countries; title: 2.5.5.Latin America; title: 2.5.6.Other countries; title: 2.6.Conclusion; title: 3.The Working Poor / Ekaterina Kalugina; title: 3.1.Introduction; title: 3.2.The working poor: definitions; title: 3.2.1.Poverty and activity; title: 3.2.2.The two-level definition of in-work poverty; title: 3.2.3.American versus European definition; title: 3.3.Empirical analyses: data and methods; title: 3.3.1.Data; title: 3.3.2.Methods; title: 3.3.3.Magnitude of in-work poverty; title: 3.4.The main characteristics of the working poor; title: 3.4.1.Professional characteristics; title: 3.4.2.Personal characteristics; title: 3.4.3.Family characteristics; title: 3.4.4.Institutional and country characteristics; title: 3.4.5.A synthesis; title: 3.5.Conclusions and policy implications; title: pt. II Globalization, Technical Change and Inequality; title: 4.The North-South HOS Model, Inequality and Globalization / Joel Hellier; title: 4.1.Introduction; title: Contents note continued: 4.2.Globalization and inequality: stylized facts; title: 4.3.The traditional NS-HOS model and its shortfalls; title: 4.3.1.The NS-HOS model; title: 4.3.2.Stylized facts against the NS-HOS model; title: 4.4.The NS-HOS model outside the diversification cone; title: 4.4.1.The diversification cone; title: 4.4.2.Globalization; title: 4.4.3.The three stages of globalization, specialization and inequality; title: 4.5.Wage rigidity; title: 4.5.1.Minimum wage in the HOS model: the Davis approach and extensions; title: 4.5.2.Efficiency wages in the HOS approach; title: 4.6.Technological differences and technical change; title: 4.6.1.A productivity gap identical in both sectors; title: 4.6.2.Productivity catching-up; title: 4.6.3.Technological transfer; title: 4.6.4.Technological bias; title: 4.7.International outsourcing; title: 4.7.1.Segmentation and international outsourcing: definitions; title: 4.7.2.Segmentation in the NS-HOS model; title: 4.7.3.Factor intensities; title: 4.8.Further extensions; title: 4.8.1.Factor dynamics in the HOS model; title: Contents note continued: 4.8.2.The impact of skill upgrading; title: 4.8.3.Capital-skill complementarlty; title: 4.8.4.The NS-HOS model with a continuum of goods; title: 4.9.General assessment and conclusion; title: 5.Is there a Trade-off between Wage Inequality and Unemployment? / Michel Dumont; title: 5.1.Introduction; title: 5.2.Inequality and unemployment: some of the facts; title: 5.3.Theoretical arguments; title: 5.3.1.The basic theoretical framework; title: 5.3.2.Firing costs and minimum wage; title: 5.3.3.Matching and frictional unemployment; title: 5.3.4.Efficiency wages; title: 5.3.5.Cross-country differences; title: 5.4.Empirical evidence; title: 5.4.1.The unemployment-inequality relationship; title: 5.4.2.Effects of institutions on inequality and unemployment taken separately; title: 5.4.3.Combined impact of institutions on Inequality and unemployment; title: 5.5.Conclusion; title: pt. III Inequality, Institutions and the Labour Markets; title: 6.Growing Inequalities, Globalization and Trade Unions / Glenn Rayp; title: 6.1.Introduction; title: Contents note continued: 6.2.The impact of globalization upon labour bargaining; title: 6.2.1.Aims and scopes of labour market bargaining: a short review; title: 6.2.2.Globalization and bargaining when labour demand elasticity increases; title: 6.2.3.Globalization and bargaining when labour demand elasticity decreases; title: 6.3.Globalization and bargaining; empirical evidence; title: 6.3.1.The Impact of globalization on the size of rents; title: 6.3.2.The impact of globalization on the union's bargaining power; title: 6.4.Conclusions; title: 7.Efficiency Wages and Inequality / Vesna Stavrevska; title: 7.1.Introduction; title: 7.2.Sources of efficiency wages; title: 7.2.1.The health model; title: 7.2.2.The shirking model; title: 7.2.3.The labour turnover model; title: 7.2.4.The adverse selection model; title: 7.2.5.The fair wage model; title: 7.3.Formal analysis of the efficiency wage model; title: 7.3.1.The Solow Condition; title: 7.3.2.The specific form of the effort function; title: 7.3.3.The choice of the reference wage; title: 7.4.Within-country inequality; title: Contents note continued: 7.4.1.Inequality within the working population; title: 7.4.2.Efficiency wages and inequality at the national level; title: 7.5.Inequality between nations; title: 7.6.Conclusion; title: pt. IV Inequality, Education and Growth; title: 8.Education, Intergenerational Mobility and Inequality / B. Ben-Halima; title: 8.1.Introduction; title: 8.2.Stylized facts; title: 8.2.1.General skill upgrading; title: 8.2.2.Increasing inequality between skilled and unskilled workers; title: 8.2.3.Intergenerational mobility; title: 8.3.Intergenerational mobility analyses; title: 8.3.1.Education functions; title: 8.3.2.The education decision; title: 8.3.3.Long-term human capital profiles; title: 8.4.Long-term skill convergence; title: 8.4.1.The basic convergence models; title: 8.4.2.Credit constraint and low mobility; title: 8.5.Under-education traps; title: 8.5.1.Fixed cost of education; title: 8.5.2.Credit market imperfection combined with another constraint; title: 8.5.3.S-shaped education functions; title: 8.5.4.Local externalities; title: 8.5.5.Education systems; title: Contents note continued: 8.5.6.History matters; title: 8.6.Empirical evidence; title: 8.6.1.Methods; title: 8.6.2.Income intergenerational mobility; title: 8.6.3.Human capital intergenerational mobility; title: 8.7.Conclusion; title: 9.Inequality, Growth and Welfare: The Main Links / Stephane Lambrecht; title: 9.1.Introduction; title: 9.2.The impact of development on inequality: Kuznets revisited; title: 9.2.1.Kuznets inverted-U curve: bases, interpretations and extensions; title: 9.2.2.Empirical evidence; title: 9.2.3.From an inverted-U to a tiide-shaped curve?; title: 9.3.The impact of inequality on growth; title: 9.3.1.Physical capital: inequality is good for growth; title: 9.3.2.Human and social capital: inequality can be harmful to growth; title: 9.3.3.Empirical evidence; title: 9.4.Redistribution, educational policy and growth; title: 9.4.1.The negative impact of redistribution; title: 9.4.2.The political economy of redistribution; title: 9.4.3.Redistribution, education and human-capital accumulation; title: 9.5.Welfare, growth and Inequality; title: 9.5.1.Efficient markets; title: Contents note continued: 9.5.2.Market inefficiencies; title: 9.6.Conclusion.