학술논문
Why is Income Inequality Increasing in the Developed World?
Document Type
Article
Author
Source
Subject
*Income inequality
*Labor unions
*International trade
Economic globalization
Democratization
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*
Language
ISSN
0034-6586
Abstract
We address empirically the factors affecting the dynamics of income inequality among industrialized economies. Using a panel for 32 developed countries spanning the last four decades, our results indicate that the predictions of the Stolper-Samuelson theorem concerning the effects of international trade on income inequality find support in the data if we concentrate on imports from developing countries as a trade measure, as theory would imply. We find that democratization, the interaction of technology and education, and changes in the relative power of labor unions affect inequality dynamics robustly. [ABSTRACT FROM AUTHOR]