Wage-Led Growth

Wage-Led Growth
Author: Engelbert Stockhammer
Publisher: Springer
Total Pages: 329
Release: 2013-12-03
Genre: Business & Economics
ISBN: 1137357932

This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Labour Markets, Institutions and Inequality

Labour Markets, Institutions and Inequality
Author: Janine Berg
Publisher: Edward Elgar Publishing
Total Pages: 430
Release: 2015-01-30
Genre: Business & Economics
ISBN: 1784712108

Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti

Milestones and Turning Points in Development Thinking

Milestones and Turning Points in Development Thinking
Author: R. Jolly
Publisher: Palgrave Macmillan
Total Pages: 319
Release: 2012-05-17
Genre: Social Science
ISBN: 9780230368330

The first volume of IDS Companions to Development Studies focuses on pivotal writing emerging from the IDS fellowship during the last 50 years. It includes five topics: perspectives and paradigms, debunking myths, development policy, gender and international perspectives, and policy, as well as names like Seers, Singer, Lipton, Reg Green.

Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality
Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
Total Pages: 39
Release: 2015-06-15
Genre: Business & Economics
ISBN: 1513547437

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Growing Unequal? Income Distribution and Poverty in OECD Countries

Growing Unequal? Income Distribution and Poverty in OECD Countries
Author: OECD
Publisher: OECD Publishing
Total Pages: 312
Release: 2008-10-21
Genre:
ISBN: 9264044191

This report provides evidence of a fairly generalised increase in income inequality over the past two decades across OECD countries, but the timing, intensity and causes of the increase differ from what is typically suggested in the media.

Inequality of Opportunity, Inequality of Income and Economic Growth

Inequality of Opportunity, Inequality of Income and Economic Growth
Author: Mr.Shekhar Aiyar
Publisher: International Monetary Fund
Total Pages: 23
Release: 2019-02-15
Genre: Business & Economics
ISBN: 1484396987

We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.

World of Work Report 2014

World of Work Report 2014
Author: International Labor International Labor Office
Publisher:
Total Pages: 0
Release: 2014-06-16
Genre: Business & Economics
ISBN: 9789221290391

"The World of Work Report 2014" assembles new evidence based on a detailed examination of trends and policy innovations in over 140 developing countries. It finds that strategies that focus on promoting decent work opportunities tend to yield sustained development results. The report also provides an evidencebased contribution to the debate on the post2015 development agenda."