The Experts below are selected from a list of 603525 Experts worldwide ranked by ideXlab platform
Mark Bils - One of the best experts on this subject based on the ideXlab platform.
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has consumption Inequality mirrored income Inequality
The American Economic Review, 2015Co-Authors: Mark Aguiar, Mark BilsAbstract:We revisit to what extent the increase in income Inequality since 1980 was mirrored by consumption Inequality. We do so by constructing an alternative measure of consumption expenditure using a demand system to correct for systematic measurement error in the Consumer Expenditure Survey. Our estimation exploits the relative expenditure of high- and low-income households on luxuries versus necessities. This double differencing corrects for measurement error that can vary over time by good and income. We find consumption Inequality tracked income Inequality much more closely than estimated by direct responses on expenditures. (JEL D31, D63, E21)
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has consumption Inequality mirrored income Inequality
Social Science Research Network, 2011Co-Authors: Mark Aguiar, Mark BilsAbstract:We revisit to what extent the increase in income Inequality over the last 30 years has been mirrored by consumption Inequality. We do so by constructing two alternative measures of consumption expenditure, using data from the Consumer Expenditure Survey (CE). We first use reports of active savings and after tax income to construct the measure of consumption implied by the budget constraint. We find that the consumption Inequality implied by savings behavior largely tracks income Inequality between 1980 and 2007. Second, we use a demand system to correct for systematic measurement error in the CE's expenditure data. Specifically, we consider trends in the relative expenditure of high income and low income households for different goods with different income (total expenditure) elasticities. Our estimation exploits the difference in the growth rate of luxury consumption Inequality versus necessity consumption Inequality. This "double-differencing,'' which we implement in a a regression framework, corrects for mis-measurement that can systematically vary over time by good and income group. This second exercise indicates that consumption Inequality has closely tracked income Inequality over the period 1980-2007. Both of our measures show a significantly greater increase in consumption Inequality than what is obtained from the CE's total household expenditure data directly.
Jong Hee Kim - One of the best experts on this subject based on the ideXlab platform.
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a study on the effect of financial inclusion on the relationship between income Inequality and economic growth
Emerging Markets Finance and Trade, 2016Co-Authors: Jong Hee KimAbstract:AbstractIn this article, we attempt to estimate whether financial inclusion, expressed as financial accessibility, has a positive effect on reducing income Inequality. Furthermore, we estimate the effect of such financial inclusion on economic growth by reducing income Inequality. From the results of our empirical analysis, we can draw the following three conclusions. First, income Inequality has a very negative effect on GDP growth. The negative relationship between income Inequality and GDP growth is strong in low-income countries. In addition, income Inequality has a stronger effect on reducing economic growth in high-fragility countries. Second, progressivity is not a major factor in reducing income Inequality in low-income countries or in high-fragility countries. Finally, financial inclusion improves the relationship between income Inequality and economic growth. The reduction in income Inequality through financial inclusion changes the negative relationship between income Inequality and economic gr...
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a study on the effect of financial inclusion on the relationship between income Inequality and economic growth
Emerging Markets Finance and Trade, 2016Co-Authors: Jong Hee KimAbstract:In this article, we attempt to estimate whether financial inclusion, expressed as financial accessibility, has a positive effect on reducing income Inequality. Furthermore, we estimate the effect of such financial inclusion on economic growth by reducing income Inequality. From the results of our empirical analysis, we can draw the following three conclusions. First, income Inequality has a very negative effect on GDP growth. The negative relationship between income Inequality and GDP growth is strong in low-income countries. In addition, income Inequality has a stronger effect on reducing economic growth in high-fragility countries. Second, progressivity is not a major factor in reducing income Inequality in low-income countries or in high-fragility countries. Finally, financial inclusion improves the relationship between income Inequality and economic growth. The reduction in income Inequality through financial inclusion changes the negative relationship between income Inequality and economic growth into a positive relationship. This trend is stronger in high-fragility countries than in low-fragility countries.
Mark Aguiar - One of the best experts on this subject based on the ideXlab platform.
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has consumption Inequality mirrored income Inequality
The American Economic Review, 2015Co-Authors: Mark Aguiar, Mark BilsAbstract:We revisit to what extent the increase in income Inequality since 1980 was mirrored by consumption Inequality. We do so by constructing an alternative measure of consumption expenditure using a demand system to correct for systematic measurement error in the Consumer Expenditure Survey. Our estimation exploits the relative expenditure of high- and low-income households on luxuries versus necessities. This double differencing corrects for measurement error that can vary over time by good and income. We find consumption Inequality tracked income Inequality much more closely than estimated by direct responses on expenditures. (JEL D31, D63, E21)
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has consumption Inequality mirrored income Inequality
Social Science Research Network, 2011Co-Authors: Mark Aguiar, Mark BilsAbstract:We revisit to what extent the increase in income Inequality over the last 30 years has been mirrored by consumption Inequality. We do so by constructing two alternative measures of consumption expenditure, using data from the Consumer Expenditure Survey (CE). We first use reports of active savings and after tax income to construct the measure of consumption implied by the budget constraint. We find that the consumption Inequality implied by savings behavior largely tracks income Inequality between 1980 and 2007. Second, we use a demand system to correct for systematic measurement error in the CE's expenditure data. Specifically, we consider trends in the relative expenditure of high income and low income households for different goods with different income (total expenditure) elasticities. Our estimation exploits the difference in the growth rate of luxury consumption Inequality versus necessity consumption Inequality. This "double-differencing,'' which we implement in a a regression framework, corrects for mis-measurement that can systematically vary over time by good and income group. This second exercise indicates that consumption Inequality has closely tracked income Inequality over the period 1980-2007. Both of our measures show a significantly greater increase in consumption Inequality than what is obtained from the CE's total household expenditure data directly.
Rupert L Frank - One of the best experts on this subject based on the ideXlab platform.
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fractional hardy sobolev maz ya Inequality for domains
Studia Mathematica, 2012Co-Authors: Bartlomiej Dyda, Rupert L FrankAbstract:We prove a fractional version of the Hardy–Sobolev–Maz’ya Inequality for arbitrary domains and Lp norms with p ≥ 2. This Inequality combines the fractional Sobolev and the fractional Hardy Inequality into a single Inequality, while keeping the sharp constant in the Hardy Inequality.
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fractional hardy sobolev maz ya Inequality for domains
arXiv: Functional Analysis, 2011Co-Authors: Bartlomiej Dyda, Rupert L FrankAbstract:We prove a fractional version of the Hardy--Sobolev--Maz'ya Inequality for arbitrary domains and $L^p$ norms with $p\geq 2$. This Inequality combines the fractional Sobolev and the fractional Hardy Inequality into a single Inequality, while keeping the sharp constant in the Hardy Inequality.
Christian Houle - One of the best experts on this subject based on the ideXlab platform.
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Ethnic Inequality and the Dismantling of Democracy: A Global Analysis
World Politics, 2015Co-Authors: Christian HouleAbstract:Does Inequality between ethnic groups destabilize democracies? While the literature largely agrees that Inequality harms democracies, previous studies typically focus on the overall level of Inequality in a society, leaving unanswered questions about the effect of Inequality between ethnic groups. This article fills this gap and argues that Inequality between ethnic groups harms the consolidation of democracy but that its effect is strongest when Inequality within groups is low. Using group- and country-level data from more than seventy-one democracies and 241 ethnic groups worldwide, the author conducts the first cross-national test to date of the effect of ethnic Inequality on transitions away from democracy. Results provide support for the hypothesis: when within-ethnic-group Inequality (WGI) is low, between-ethnic-group Inequality (BGI) harms democracy, but when WGI is high, BGI has no discernable effect.
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ethnic Inequality and the dismantling of democracy a global analysis
Social Science Research Network, 2014Co-Authors: Christian HouleAbstract:Does Inequality between ethnic groups destabilize democracies? While the literature largely agrees that Inequality harms democracies, previous studies typically focus on the overall level of Inequality in a society; leaving questions about the effect of Inequality between ethnic or religious groups unanswered. This paper bridges this gap and argues that Inequality between ethnic groups harms the consolidation of democracy, but that its effect is strongest when Inequality within groups is low. Using group- and country-level data from a total of 75 democracies and more than 250 ethnic groups worldwide, I conduct the first cross-national test to date of the effect of ethnic Inequality on transitions away from democracy. Results provide support for my hypothesis: when within-group Inequality (WGI) is low, between-group Inequality (BGI) harms democracy; but when WGI is high, BGI has no discernable effect.
