Explaining inequality the world round
Subtitle: cohort size, Kuznets curves, and openness
By: Matthew Higgins and Jeffrey G. Williamson.
Contributors: Williamson, Jeffrey G., 1935-; Federal Reserve Bank of New York.
Series: Staff reports ;; no. 79; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 79.
Publisher: Federal Reserve Bank of New York
Published: 1999
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Income distribution -- Econometric models.; Cohort analysis -- Econometric models.; International economic integration -- Econometric models.
Description: "Klaus Deininger and Lyn Squire have recently produced an inequality data base for a panel of countries from the 1960s to the 1990s.  We use these data to decompose the sources of inequality into three central parts: the demographic or cohort size effect; the so-called Kuznets Curve or demand effects; and the commitment to globalization or policy effects.  We also control for education supply, the so-called natural resource curse and other variables suggested by the literature.  While the Kuznets Curve comes out of hiding when the inequality relationship is conditioned by the other two, cohort size seems to be the most important force at work.  We resolve the apparent conflict between this macro finding on cohort size and the contrary implications of recent research based on micro data"--Federal Reserve Bank of New York web site.
Notes: Includes bibliographical references.
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