Inequality Trends and their Determinants Latin America over 1990-2010
| Title: | Inequality Trends and their Determinants Latin America over 1990-2010 |
|---|---|
| Authors: | Giovanni Andrea Cornia; Jel Classification D |
| Contributors: | The Pennsylvania State University CiteSeerX Archives |
| Source: | http://www.wider.unu.edu/publications/working-papers/2012/en_GB/wp2012-009/_files/87048562096144508/default/wp2012-009.pdf. |
| Publication Year: | 2012 |
| Collection: | CiteSeerX |
| Subject Terms: | income inequality; human capital inequality; policy regimes; external conditions; Latin America |
| Description: | The paper reviews the steady and widespread decline in income inequality which has taken place in most of Latin America over 2002-10 and which––if continued for another 2-3 years––would reduce the average regional income inequality to pre-liberalization levels. The paper then focuses on the factors, which may explain such inequality decline. A review of the literature and an econometric test indicate that a few complementary factors played an important role in this regard, including a drop in the skill premium following a rapid expansion of secondary education, and the adoption of a new development model by a growing number of left-of-centre governments which emphasizes fiscally-prudent but more equitable macroeconomic, tax, social expenditure and labour policies. For the region as a whole, improvements in terms of trade, migrant remittances, FDI and world growth playeda less important role than expected although their impact was perceptible in countries where such transactions were sizeable. |
| Document Type: | text |
| File Description: | application/pdf |
| Language: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.636.5809 |
| Availability: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.636.5809; http://www.wider.unu.edu/publications/working-papers/2012/en_GB/wp2012-009/_files/87048562096144508/default/wp2012-009.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: | edsbas.CE8B01CF |
| Database: | BASE |