Explaining International and Intertemporal Variations in Income Inequality

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ID: 298495
1998
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Abstract
This paper explores the propositions that, income inequality is relatively stable within countries; and that it varies significantly among countries. A new and expanded data set provides broad support for both propositions. Drawing on a political economy and capital market imperfection arguments to explain the intertemporal and international variation in inequality, the empirical analysis shows that the predicted variables associated with the first argument (a measure of civil liberties and the initial level of secondary schooling) and the second argument (a measure of financial depth and the initial distribution of land) are indeed important determinants of inequality.
Reference Key
openalex_W1963651339 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Hongyi Li, Lyn Squire, Heng‐Fu Zou
Journal the economic journal
Year 1998
DOI
10.1111/1468-0297.00271
URL
Keywords Keywords not found

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