The Color of Disparity: Racialized Income Inequality and Support for Liberal Economic Policies

2021 ◽  
Author(s):  
Benjamin J. Newman ◽  
Tyler Thomas Reny ◽  
Bea-Sim Ooi
Keyword(s):  
Income Inequality ◽  
Economic Policies

Boom or bust: demystifying Trump’s deplorable economics

2018 ◽  
Vol 37 (1) ◽  
pp. 63-87 ◽  
Author(s):  
dt ogilvie
Keyword(s):  
Income Inequality ◽  
Design Methodology ◽  
Skills Training ◽  
Economic Policies ◽  
Business Growth ◽  
Donald Trump ◽  
Entrepreneurship Training ◽  
Content Type ◽  
Diversity And Inclusion ◽  
Small Business Growth

Purpose Two questions broadly drove this research: Donald Trump promised to fix the economy and create jobs, and he is ending or renegotiating trade treaties. Is he creating more jobs? How can Trump create a more inclusive economy? The paper aims to discuss these issues. Design/methodology/approach This paper closely examines Trump’s economic policies and draws from past Democratic and Republication track records to explain how Trump’s policies will contribute to greater income inequality. Findings By all measures, President Trump fails on measures of equality, diversity, and inclusion. Originality/value This original paper examines the implications of the Trump administration’s policies in the areas of tax cuts (for small- and medium-sized enterprises rather than large corporations), incentives to support small business growth, entrepreneurship training, education and skills training (to retool Americans), and infrastructure spending.

scholarly journals The Effect of Technology Spillovers on Income Distribution: An Application on OECD Countries

2019 ◽  
Author(s):  
Neşe Algan ◽  
Erhan İşcan ◽  
Duygu Serin Oktay
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
New Technologies ◽  
Panel Data Analysis ◽  
Empirical Finding ◽  
Oecd Countries ◽  
Technology Spillovers ◽  
Economic Policies ◽  
Development Indicators ◽  
The Impact

Ensuring a fair income distribution to increase social welfare is one of the main objectives of economic policies. With the acceleration of innovations in information and communication technology in the 20th century, the developments in technology have been characterized as the main reason for growth, welfare and productivity growth. However, rapid technological developments have revealed that significant changes in the dynamics of income inequalities occur at the same time. The growth in income inequality has increased significantly in many countries recently. Accordingly, the notion that the spread of technology has led to growth in income inequality has attracted attention in recent years. In the light of this information, the aim of the study is to reveal the impact of the spread of new technologies on income inequality and the factors underlying the income inequality dynamics. Therefore, the purpose of this study is to examine the impact of technology spillovers on income inequality of selected OECD countries including Turkey using panel data analysis. The data for all countries obtained from the World Bank’s Development Indicators and OECD. Stat. The empirical conclusion indicated the effect of the technology spillovers on income inequality. This empirical finding contributed to promote the existing literature, and also draws main attention of policymakers. Because, knowing the factors underlying income inequality, which is seen as an important economic and social problem, is important in determining effective policies to ensure a more equitable income distribution.

Class Bias in Voter Turnout, Representation, and Income Inequality

2016 ◽  
Vol 14 (2) ◽  
pp. 351-368 ◽  
Author(s):  
William W. Franko ◽  
Nathan J. Kelly ◽  
Christopher Witko
Keyword(s):  
Income Inequality ◽  
Voter Turnout ◽  
The United States ◽  
Economic Policies ◽  
Lower Income ◽  
Class Bias ◽  
Government Ideology ◽  
Income Groups ◽  
Distribution Of Resources ◽  
Equal Income

The mass franchise led to more responsive government and a more equitable distribution of resources in the United States and other democracies. Recently in America, however, voter participation has been low and increasingly biased toward the wealthy. We investigate whether this electoral “class bias” shapes government ideology, the substance of economic policy, and distributional outcomes, thereby shedding light on both the old question of whether who votes matters and the newer question of how politics has contributed to growing income inequality. Because both lower and upper income groups try to use their resources to mobilize their supporters and demobilize their opponents, we argue that variation in class bias in turnout is a good indicator of the balance of power between upper and lower income groups. And because lower income voters favor more liberal governments and economic policies we expect that less class bias will be associated with these outcomes and a more equal income distribution. Our analysis of data from the U.S. states confirms that class bias matters for these outcomes.

Why Inequality Matters: Some Economic Issues

2001 ◽  
Vol 15 (2) ◽  
pp. 3-28 ◽  
Author(s):  
Nancy Birdsall
Keyword(s):  
Developing Countries ◽  
Income Inequality ◽  
Poverty Reduction ◽  
Political Process ◽  
Well Being ◽  
Political Life ◽  
The Political ◽  
Economic Policies ◽  
Industrialized Countries ◽  
Political Costs

Many industrialized countries, developing countries, and countries that have recently made the transition from communism to market-oriented economies are characterized by high and increasing income inequality. Trends in income inequality have been understood to have ethical significance for different reasons. Some have argued that lessening income inequality is a valuable goal in itself. This essay, on the other hand, focuses on three instrumental reasons for pursuing economic policies that engender less income inequality, particularly in developing countries.• Inequality can inhibit growth and slow poverty reduction.• Inequality often undermines the political process: that may lead to an inadequate social contract and may trigger bad economic policies-with ill effects on growth, human development, and poverty reduction.• Inequality may undermine civic and social as well as political life, and inhibit certain kinds of collective decision-making; at the societal level it may also generate its own self-justifying tolerance, perpetuating a high inequality equilibrium despite the potential economic and political costs.The author concludes that while societies with relatively high income inequality can, in principle, be equitable, it is more likely that income differentials will compound and aggravate unfairness in the allocation of opportunities, the functioning of the political process, and efforts to improve the well-being of the least advantaged.

Measuring the Effect of Wage Inequality on Income Distribution via Theil Index in the Manufacturing Industry of Spain-Portugal

2021 ◽  
pp. 208-224
Author(s):  
Özgür Bayram Soylu ◽  
Ayhan Orhan ◽  
Murat Emikönel
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Wage Inequality ◽  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Theil Index ◽  
Economic Policies ◽  
Production Factors ◽  
Distribution Of Income ◽  
Primary Problem

Income distribution is defined as sharing income arising from the sale of products among persons, groups, or production factors in a country within specific periods. Income inequality is the wage gaps between persons, groups, or regions. Increasing income inequality is accepted as the primary problem of economies in terms of bringing along many problems. This is because the fair distribution has continued to remain on the agenda of economic policies. There are several methods in measuring the inequality in the distribution of income as well as this study utilized Theil index because of the sensitivity of related index to super and subgroups of the income distribution. Spain and Portugal, in this chapter, were accepted as a single county; Spain and Portugal (each) were accepted as the regions of this presumptive country. Under this assumption, the course of wages inequality in time was revealed by the inequality analysis that was performed for eight sub-sectors of the manufacturing sector of Spain and Portugal for the years between1995 and 2015.

Inequality

2017 ◽  
Author(s):  
Sumit Ganguly ◽  
William R. Thompson
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Economic Inequality ◽  
The State ◽  
Social Needs ◽  
Political Scientist ◽  
Economic Policies ◽  
Policy Choices ◽  
The Cost

This chapter examines the state of income inequality in India. A vigorous debate is currently underway in India and abroad about the question of economic inequality, especially in the wake of spectacular economic growth in the aftermath of the country's embrace of liberal economic policies. The debate has focused on whether or not growth should be seen as the principal engine for reducing inequalities. Atul Kohli, a noted political scientist, proffers a third view. He focuses on the shift to more market-oriented policies and their myriad shortcomings. According to Kohli, the persistence of poverty and the growth in inequality stem from the policy choices of a number of regimes, starting in the 1990s, to favor corporate entities at the cost of addressing public and social needs.

Research on Economic Policies and Mitigation Policy of Income Inequality of China

2017 ◽  
Vol 20 (3) ◽  
pp. 89-108
Author(s):  
Kun-Oh Jung ◽  
◽  
Jae-Pil Kim ◽  
Eungsoon Lim
Keyword(s):  
Income Inequality ◽  
Economic Policies ◽  
Mitigation Policy

scholarly journals Linkage between Financial Development and Income Inequality in India

2020 ◽  
Author(s):  
Rajesh Sharma ◽  
Suman Dahiya
Keyword(s):  
Economic Development ◽  
Income Inequality ◽  
Financial Development ◽  
Government Expenditure ◽  
Testing Procedure ◽  
Economic Policies ◽  
Monetary And Fiscal Policy ◽  
The Impact ◽  
The Relationship ◽  
Financial Development Index

Abstract A sound financial system is a prerequisite for the inclusive and stable development of an economy, especially it plays a key role in dealing with the menace of inequality in income distribution. Economic policies including monetary and fiscal policy framed by the policymakers influence the accessibility to the financial resources by the poor. This study intends to examine the relationship between financial development and income inequality in India over the period 1973 to 2015. To analyze this relationship, the financial development index was constructed using the PCA approach. The study also checks the presence of the Greenwood–Jovanovich (GJ) hypothesis in the Indian economy. In this study, the ARDL Bound testing procedure is followed to assess the impact of financial development on income inequality. Besides financial development, the impact of economic development and government expenditure is also observed. Results confirm the existence of an inverted U-shaped linkage between financial development and income inequality in India, whereas economic development deteriorates the gap between the income of poor and rich. Furthermore, a U-shaped relationship between government expenditure and income inequality is revealed in this study. The findings of this study may provide new insight to the policymakers for framing suitable economic policies to encourage sustainable development in India.

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