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Re-examining inequality persistence

Lookup NU author(s): Professor Atanu GhoshrayORCiD

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This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).

Abstract

© Author(s) 2020. Although it is not a new phenomenon, in recent years inequality has moved to the top of the political agenda given the concern that will result in political instability and social resentment. Persistence in inequality can further undermine economic growth and development by hindering educational opportunities, human capital formation, and intergenerational mobility. The persistent nature of inequality stands as one of the most serious challenges for the global economy. This paper analyses inequality persistence for a sample of 60 countries from 1984 to 2015. The authors conclude that inequality is persistent and government redistribution polices through taxes and transfers did not significantly reduce inequality persistence.

Publication metadata

Author(s): Ghoshray A, Monfort M, Ordonez J

Publication type: Article

Publication status: Published

Journal: Economics

Year: 2020

Volume: 14

Online publication date: 20/01/2020

Acceptance date: 12/01/2020

Date deposited: 13/02/2020

ISSN (electronic): 1864-6042

Publisher: Kiel Institute for the World Economy

URL: https://doi.org/10.5018/economics-ejournal.ja.2020-1

DOI: 10.5018/economics-ejournal.ja.2020-1

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