91 lines
2.8 KiB
YAML
91 lines
2.8 KiB
YAML
abstract: 'This article tests the relative importance of globalization and
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technological change in explaining income inequality at higher and lower
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development levels. Besides, the article analyses the effectiveness of a
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set of policy measures for fighting inequality. We use relative pre-tax
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income shares as a proxy for inequality. Several linear and non-linear
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threshold panel data models with GDP per capita as the threshold
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variable are estimated for 42 countries over the period from 1994 to
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2016. We find that technology is the most important generator of
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inequality, while the effect of various globalization measures is weak
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and often insignificant. We find limited evidence that the effect of
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globalization differs with respect to the level of GDP per capita. Our
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results suggest that full employment policies in the low inflation
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environment are the most efficient solution for the inequality problem.
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Higher employment and low inflation rate decrease the inequality level.
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Other than that, we do not find other policy measures that satisfy the
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one-size-fits-all criteria for tackling inequality. Instead, a set of
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efficient policy measures against inequality, including expenditures on
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education, minimum wage policies, and lending rates, depend on the
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development level and idiosyncratic policies and institutions.'
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affiliation: 'Globan, T (Corresponding Author), Univ Zagreb, Fac Econ \& Business,
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Zagreb, Croatia.
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Tica, Josip; Globan, Tomislav; Arcabic, Vladimir, Univ Zagreb, Fac Econ \& Business,
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Zagreb, Croatia.'
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author: Tica, Josip and Globan, Tomislav and Arcabic, Vladimir
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author-email: tgloban@efzg.hr
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author_list:
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- family: Tica
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given: Josip
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- family: Globan
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given: Tomislav
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- family: Arcabic
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given: Vladimir
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da: '2023-09-28'
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doi: 10.1080/1331677X.2021.1952466
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earlyaccessdate: JUL 2021
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eissn: 1848-9664
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files: []
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issn: 1331-677X
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journal: ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
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keywords: 'Inequality; technology; globalization; openness; threshold model;
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employment rate'
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keywords-plus: 'UNITED-STATES; INCOME INEQUALITY; WAGE INEQUALITY; ECONOMIC-GROWTH;
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EMPLOYMENT; SKILLS; LABOR'
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language: English
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month: DEC 31
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number: '1'
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number-of-cited-references: '42'
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orcid-numbers: 'Tica, Josip/0000-0001-7937-1573
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Globan, Tomislav/0000-0001-5716-2113
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Arčabić, Vladimir/0000-0003-4173-8637'
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pages: 1035-1060
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papis_id: e248d353f84471ea8a1d9e197ec5b493
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ref: Tica2022managingimpact
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researcherid-numbers: 'Tica, Josip/B-7628-2013
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Globan, Tomislav/H-7550-2018
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Arčabić, Vladimir/H-8434-2018'
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times-cited: '3'
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title: Managing the impact of globalization and technology on inequality
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type: article
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unique-id: WOS:000676038200001
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usage-count-last-180-days: '8'
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usage-count-since-2013: '22'
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volume: '35'
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web-of-science-categories: Economics
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year: '2022'
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