Managing the impact of globalization and technology on inequality
Bibliographic Data
| ID | 15067992 |
|---|---|
| Authors | Josip Tica (0000-0001-7937-1573, University of Zagreb), Tomislav Globan (0000-0001-5716-2113, University of Zagreb, corresponding author), Vladimir Arčabić (0000-0003-4173-8637, University of Zagreb) |
| Year | 2022 |
| Volume | 35 |
| Issue | 1 |
| Pages | 1035-1060 |
| Publication date | 2022-12-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2021.1952466 |
| OpenAlex | W3186358845 |
| Language | EN |
| Citations received | 4 |
| References cited | 38 |
This article tests the relative importance of globalization and technological change in explaining income inequality at higher and lower development levels. Besides, the article analyses the effectiveness of a set of policy measures for fighting inequality. We use relative pre-tax income shares as a proxy for inequality. Several linear and non-linear threshold panel data models with GDP per capita as the threshold variable are estimated for 42 countries over the period from 1994 to 2016. We find that technology is the most important generator of inequality, while the effect of various globalization measures is weak and often insignificant. We find limited evidence that the effect of globalization differs with respect to the level of GDP per capita. Our results suggest that full employment policies in the low inflation environment are the most efficient solution for the inequality problem. Higher employment and low inflation rate decrease the inequality level. Other than that, we do not find other policy measures that satisfy the one-size-fits-all criteria for tackling inequality. Instead, a set of efficient policy measures against inequality, including expenditures on education, minimum wage policies, and lending rates, depend on the development level and idiosyncratic policies and institutions
Demographic economics · Econometrics · Economic inequality · Economics · Globalization · Inequality · Labour economics · Panel data · Per capita · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Mathematics · Taxation and Compliance Studies
The Participation Gap
Skills, Tasks and Technologies
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The Evidence on Globalisation
Explaining Job Polarization
Inequality in the long run
Rising Income Inequality
Changes in the Demand for Skilled Labor within U. S. Manufacturing
Skill‐Biased Technological Change and Rising Wage Inequality
Implications of Skill-Biased Technological Change
Some Tests of Specification for Panel Data
The Skill Content of Recent Technological Change
A new index of globalisation
The Effects of the Value-Added Tax on Revenue and Inequality
Economic Growth and Income Inequality
From Physical to Human Capital Accumulation
The World Inequality Report
Distributional Effects of Globalization in Developing Countries
Global Income Distribution
Trends in U.S. Wage Inequality
Is There a Debt-Threshold Effect on Output Growth
Income Inequality in the United States, 1913-1998
Technical change and wage premium shifts among task-content groups in Poland
The influence of minimum wage regulation on labor income share and overwork
International labour movement, public intermediate input and wage inequality
The impact of technological changes on income inequality
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Investment in Human Capital and Personal Income Distribution
Don’t play if you can’t win
| Unique citing works | 4 |
|---|---|
| Citations per year | 1,33 |
| Citation span | 2023 - 2025 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |