| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8033 |
| DP8033 Inequality and Growth: The Neglected Time Dimension | |
| Manuel Oechslin; David Halter | |
| 发表日期 | 2010-09-23 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The empirical literature on the relationship between inequality and growth offers a contradictory assessment: Estimators based on time-series (differences-based) variation indicate a strong positive link while estimators (also) exploiting the cross-sectional (levelbased) variation suggest a negative relationship. Using an expanded dataset, the present paper confirms this conflicting pattern ? and reconciles it on the basis of a simple model. We argue that the differences-based methods are prone to reflect the mostly positive shortor medium-run implications of inequality while the level-based estimators also incorporate more negative long-term consequences. Thus, the latter estimates come close to reflecting the adverse overall impact of inequality in the long run. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Growth Inequality Long-run effects Medium-run effects |
| URL | https://cepr.org/publications/dp8033 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536870 |
| 推荐引用方式 GB/T 7714 | Manuel Oechslin,David Halter. DP8033 Inequality and Growth: The Neglected Time Dimension. 2010. |
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