Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys
New data derived directly from household surveys are used to examine the effects of globalization on income distribution in poor and rich countries. The article looks at the impact of openness and of direct foreign investment on relative income sha...
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| Format: | Journal Article |
| Language: | English en_US |
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Published by Oxford University Press on behalf of the World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/17747514/can-discern-effect-globalization-income-distribution-evidence-household-surveys http://hdl.handle.net/10986/16484 |
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okr-10986-16484 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ABSOLUTE INCOMES ABSOLUTE TERMS ADVANCED ECONOMIES AGRICULTURE ASSET INEQUALITY AVERAGE ANNUAL AVERAGE CHANGE AVERAGE INCOME AVERAGE INCOMES AVERAGE RATE AVERAGE SHARE BASE YEAR BENCHMARK CAPITAL ACCOUNT CAPITAL ACCUMULATION CAPITAL ASSETS CAPITAL MARKETS COMMODITY CONSTANT PRICES CONSUMER PRICE INDEX COUNTRY SIZE COUNTRY-SPECIFIC EFFECTS CROSS-COUNTRY INCOME CROSS-COUNTRY STUDIES DATA SET DEMOCRACY DEMOGRAPHIC DEMOGRAPHIC CHANGE DEPENDENT VARIABLE DEPOSIT DEPOSIT RATE DEPOSITS DESCRIPTIVE STATISTICS DEVELOPING ECONOMIES DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DIFFERENTIAL IMPACT DIRECT FOREIGN INVESTMENT DIRECT FOREIGN INVESTMENTS DISTRIBUTION DATA DISTRIBUTION OF INCOME DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OUTLOOK ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC SURVEYS ECONOMIC THEORY ECONOMICS RESEARCH ECONOMIES OF SCALE ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL TEST ENDOGENOUS VARIABLES EXCHANGE RATE EXCHANGE RATES EXPLAINING INEQUALITY EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL CONSTRAINT FINANCIAL DEPTH FOREIGN COMPETITION FOREIGN DIRECT INVESTMENTS GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION GOVERNMENT EXPENDITURES GROWTH RATE GROWTH RATES HIGH CONCENTRATION HOUSEHOLD SURVEY DATA HOUSEHOLD SURVEYS HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME REDISTRIBUTION INCOME SHARE INCOME SHARES INCREASED INEQUALITY INCREASING INEQUALITY INCREASING SHARE INDEPENDENT VARIABLES INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL ECONOMY INTERNATIONAL ORGANIZATIONS INTERNATIONAL TRADE LABOR MARKET LABOR MARKETS LAGGED VALUES LIVING STANDARDS LOCAL CURRENCY LOW INCOME M2 MEAN INCOME MEASURING INCOME INEQUALITY MEDIAN VOTER MEDIAN VOTER HYPOTHESIS MIDDLE CLASS NATIONAL INCOME NEGATIVE EFFECT NEGATIVE IMPACT NOMINAL INTEREST RATE NOMINAL RATE OUTPUT PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOMES PERSONAL INCOME POLICY ANALYSIS POLICY CHANGES POLICY ISSUES POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POOR COUNTRIES POOR COUNTRY POVERTY DEBATE POVERTY REDUCTION POWER PARITY PURCHASING POWER REAL INCOME REAL INCOMES REAL INTEREST RATE REAL INTEREST RATES REAL MEAN INCOME REAL RATE REDUCING INEQUALITY RELATIVE INCOME RELATIVE INCOMES RICH COUNTRIES RICH PEOPLE SHORT-RUN CHANGES SIGNIFICANT EFFECT SKILLED LABOR SKILLED WORKERS SOCIAL TRANSFERS TRADE LIBERALIZATION TRADE OPENNESS TRADE REFORMS WAGE DIFFERENTIALS WAGE INEQUALITY WAGES WEALTH WELFARE LEVELS WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INCOME DISTRIBUTION Microdata Set |
| spellingShingle |
ABSOLUTE INCOMES ABSOLUTE TERMS ADVANCED ECONOMIES AGRICULTURE ASSET INEQUALITY AVERAGE ANNUAL AVERAGE CHANGE AVERAGE INCOME AVERAGE INCOMES AVERAGE RATE AVERAGE SHARE BASE YEAR BENCHMARK CAPITAL ACCOUNT CAPITAL ACCUMULATION CAPITAL ASSETS CAPITAL MARKETS COMMODITY CONSTANT PRICES CONSUMER PRICE INDEX COUNTRY SIZE COUNTRY-SPECIFIC EFFECTS CROSS-COUNTRY INCOME CROSS-COUNTRY STUDIES DATA SET DEMOCRACY DEMOGRAPHIC DEMOGRAPHIC CHANGE DEPENDENT VARIABLE DEPOSIT DEPOSIT RATE DEPOSITS DESCRIPTIVE STATISTICS DEVELOPING ECONOMIES DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DIFFERENTIAL IMPACT DIRECT FOREIGN INVESTMENT DIRECT FOREIGN INVESTMENTS DISTRIBUTION DATA DISTRIBUTION OF INCOME DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OUTLOOK ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC SURVEYS ECONOMIC THEORY ECONOMICS RESEARCH ECONOMIES OF SCALE ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL TEST ENDOGENOUS VARIABLES EXCHANGE RATE EXCHANGE RATES EXPLAINING INEQUALITY EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL CONSTRAINT FINANCIAL DEPTH FOREIGN COMPETITION FOREIGN DIRECT INVESTMENTS GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION GOVERNMENT EXPENDITURES GROWTH RATE GROWTH RATES HIGH CONCENTRATION HOUSEHOLD SURVEY DATA HOUSEHOLD SURVEYS HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME REDISTRIBUTION INCOME SHARE INCOME SHARES INCREASED INEQUALITY INCREASING INEQUALITY INCREASING SHARE INDEPENDENT VARIABLES INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL ECONOMY INTERNATIONAL ORGANIZATIONS INTERNATIONAL TRADE LABOR MARKET LABOR MARKETS LAGGED VALUES LIVING STANDARDS LOCAL CURRENCY LOW INCOME M2 MEAN INCOME MEASURING INCOME INEQUALITY MEDIAN VOTER MEDIAN VOTER HYPOTHESIS MIDDLE CLASS NATIONAL INCOME NEGATIVE EFFECT NEGATIVE IMPACT NOMINAL INTEREST RATE NOMINAL RATE OUTPUT PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOMES PERSONAL INCOME POLICY ANALYSIS POLICY CHANGES POLICY ISSUES POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POOR COUNTRIES POOR COUNTRY POVERTY DEBATE POVERTY REDUCTION POWER PARITY PURCHASING POWER REAL INCOME REAL INCOMES REAL INTEREST RATE REAL INTEREST RATES REAL MEAN INCOME REAL RATE REDUCING INEQUALITY RELATIVE INCOME RELATIVE INCOMES RICH COUNTRIES RICH PEOPLE SHORT-RUN CHANGES SIGNIFICANT EFFECT SKILLED LABOR SKILLED WORKERS SOCIAL TRANSFERS TRADE LIBERALIZATION TRADE OPENNESS TRADE REFORMS WAGE DIFFERENTIALS WAGE INEQUALITY WAGES WEALTH WELFARE LEVELS WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INCOME DISTRIBUTION Microdata Set Milanovic, Branko Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys |
| description |
New data derived directly from household
surveys are used to examine the effects of globalization on
income distribution in poor and rich countries. The article
looks at the impact of openness and of direct foreign
investment on relative income shares across the entire
income distribution. It finds strong evidence that at low
average income levels, the income share of the poor is
smaller in countries that are more open to trade. As
national income levels rise, the incomes of the poor and the
middle class rise relative to the income of the rich. The
article explains why using the trade to gross domestic
product (GDP) ratio in purchasing power parity terms, as
favored by some analysts, is inappropriate in studies of the
effect of trade on income distribution. |
| format |
Journal Article |
| author |
Milanovic, Branko |
| author_facet |
Milanovic, Branko |
| author_sort |
Milanovic, Branko |
| title |
Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys |
| title_short |
Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys |
| title_full |
Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys |
| title_fullStr |
Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys |
| title_full_unstemmed |
Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys |
| title_sort |
can we discern the effect of globalization on income distribution? evidence from household surveys |
| publisher |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2005/01/17747514/can-discern-effect-globalization-income-distribution-evidence-household-surveys http://hdl.handle.net/10986/16484 |
| _version_ |
1764433355689951232 |
| spelling |
okr-10986-164842021-04-23T14:03:29Z Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys Milanovic, Branko ABSOLUTE INCOMES ABSOLUTE TERMS ADVANCED ECONOMIES AGRICULTURE ASSET INEQUALITY AVERAGE ANNUAL AVERAGE CHANGE AVERAGE INCOME AVERAGE INCOMES AVERAGE RATE AVERAGE SHARE BASE YEAR BENCHMARK CAPITAL ACCOUNT CAPITAL ACCUMULATION CAPITAL ASSETS CAPITAL MARKETS COMMODITY CONSTANT PRICES CONSUMER PRICE INDEX COUNTRY SIZE COUNTRY-SPECIFIC EFFECTS CROSS-COUNTRY INCOME CROSS-COUNTRY STUDIES DATA SET DEMOCRACY DEMOGRAPHIC DEMOGRAPHIC CHANGE DEPENDENT VARIABLE DEPOSIT DEPOSIT RATE DEPOSITS DESCRIPTIVE STATISTICS DEVELOPING ECONOMIES DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DIFFERENTIAL IMPACT DIRECT FOREIGN INVESTMENT DIRECT FOREIGN INVESTMENTS DISTRIBUTION DATA DISTRIBUTION OF INCOME DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OUTLOOK ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC SURVEYS ECONOMIC THEORY ECONOMICS RESEARCH ECONOMIES OF SCALE ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL TEST ENDOGENOUS VARIABLES EXCHANGE RATE EXCHANGE RATES EXPLAINING INEQUALITY EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL CONSTRAINT FINANCIAL DEPTH FOREIGN COMPETITION FOREIGN DIRECT INVESTMENTS GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION GOVERNMENT EXPENDITURES GROWTH RATE GROWTH RATES HIGH CONCENTRATION HOUSEHOLD SURVEY DATA HOUSEHOLD SURVEYS HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME REDISTRIBUTION INCOME SHARE INCOME SHARES INCREASED INEQUALITY INCREASING INEQUALITY INCREASING SHARE INDEPENDENT VARIABLES INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL ECONOMY INTERNATIONAL ORGANIZATIONS INTERNATIONAL TRADE LABOR MARKET LABOR MARKETS LAGGED VALUES LIVING STANDARDS LOCAL CURRENCY LOW INCOME M2 MEAN INCOME MEASURING INCOME INEQUALITY MEDIAN VOTER MEDIAN VOTER HYPOTHESIS MIDDLE CLASS NATIONAL INCOME NEGATIVE EFFECT NEGATIVE IMPACT NOMINAL INTEREST RATE NOMINAL RATE OUTPUT PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOMES PERSONAL INCOME POLICY ANALYSIS POLICY CHANGES POLICY ISSUES POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POOR COUNTRIES POOR COUNTRY POVERTY DEBATE POVERTY REDUCTION POWER PARITY PURCHASING POWER REAL INCOME REAL INCOMES REAL INTEREST RATE REAL INTEREST RATES REAL MEAN INCOME REAL RATE REDUCING INEQUALITY RELATIVE INCOME RELATIVE INCOMES RICH COUNTRIES RICH PEOPLE SHORT-RUN CHANGES SIGNIFICANT EFFECT SKILLED LABOR SKILLED WORKERS SOCIAL TRANSFERS TRADE LIBERALIZATION TRADE OPENNESS TRADE REFORMS WAGE DIFFERENTIALS WAGE INEQUALITY WAGES WEALTH WELFARE LEVELS WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INCOME DISTRIBUTION Microdata Set New data derived directly from household surveys are used to examine the effects of globalization on income distribution in poor and rich countries. The article looks at the impact of openness and of direct foreign investment on relative income shares across the entire income distribution. It finds strong evidence that at low average income levels, the income share of the poor is smaller in countries that are more open to trade. As national income levels rise, the incomes of the poor and the middle class rise relative to the income of the rich. The article explains why using the trade to gross domestic product (GDP) ratio in purchasing power parity terms, as favored by some analysts, is inappropriate in studies of the effect of trade on income distribution. 2014-01-03T21:18:51Z 2014-01-03T21:18:51Z 2005-01 Journal Article http://documents.worldbank.org/curated/en/2005/01/17747514/can-discern-effect-globalization-income-distribution-evidence-household-surveys World Bank Economic Review doi:10.1093/wber/lhi003 http://hdl.handle.net/10986/16484 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research :: Journal Article |