What is Behind Latin America's Declining Income Inequality?:
Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America and...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
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Schriftenreihe: | IMF Working Papers
Working Paper No. 14/124 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America and proposes various reasons behind this important development. Using a panel econometric analysis for a large group of emerging and developing countries, we find that the Kuznets curve holds. Notwithstanding the limitations in the dataset and of cross-country regression analysis more generally, our results suggest that almost two-thirds of the recent decline in income inequality in Latin America is explained by policies and strong GDP growth, with policies alone explaining more than half of this total decline. Higher education spending is the most important driver, followed by stronger foreign direct investment and higher tax revenues. Results suggest that policies and to some extent positive growth dynamics could play an important role in lowering inequality further |
Beschreibung: | 1 Online-Ressource (35 p) |
ISBN: | 1498378587 9781498378581 |
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index_date | 2024-07-03T20:13:35Z |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Tsounta, Evridiki Verfasser aut What is Behind Latin America's Declining Income Inequality? Tsounta, Evridiki Washington, D.C International Monetary Fund 2014 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/124 Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America and proposes various reasons behind this important development. Using a panel econometric analysis for a large group of emerging and developing countries, we find that the Kuznets curve holds. Notwithstanding the limitations in the dataset and of cross-country regression analysis more generally, our results suggest that almost two-thirds of the recent decline in income inequality in Latin America is explained by policies and strong GDP growth, with policies alone explaining more than half of this total decline. Higher education spending is the most important driver, followed by stronger foreign direct investment and higher tax revenues. Results suggest that policies and to some extent positive growth dynamics could play an important role in lowering inequality further Online-Ausg Osueke, Anayochukwu Sonstige oth http://elibrary.imf.org/view/IMF001/21487-9781498378581/21487-9781498378581/21487-9781498378581.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Tsounta, Evridiki What is Behind Latin America's Declining Income Inequality? |
title | What is Behind Latin America's Declining Income Inequality? |
title_auth | What is Behind Latin America's Declining Income Inequality? |
title_exact_search | What is Behind Latin America's Declining Income Inequality? |
title_exact_search_txtP | What is Behind Latin America's Declining Income Inequality? |
title_full | What is Behind Latin America's Declining Income Inequality? Tsounta, Evridiki |
title_fullStr | What is Behind Latin America's Declining Income Inequality? Tsounta, Evridiki |
title_full_unstemmed | What is Behind Latin America's Declining Income Inequality? Tsounta, Evridiki |
title_short | What is Behind Latin America's Declining Income Inequality? |
title_sort | what is behind latin america s declining income inequality |
url | http://elibrary.imf.org/view/IMF001/21487-9781498378581/21487-9781498378581/21487-9781498378581.xml |
work_keys_str_mv | AT tsountaevridiki whatisbehindlatinamericasdecliningincomeinequality AT osuekeanayochukwu whatisbehindlatinamericasdecliningincomeinequality |