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- W2549213322 abstract "This paper offers new evidence on functional, between-group, inequality and the contribution of key determinants in the 20th century for Argentina, Brazil, Chile, Colombia, Mexico and Venezuela. A trend analysis shows the action of centrifugal forces during the second half - especially after 1970 – bringing about a fall in the labour share amid significant social mobility. Also that inequality exhibits changing secular trends as well as fluctuations in the shorter to medium term, with important country variations, particularly prior to 1960. Panel data regressions indicate that: i) external flows are positively related to overall inequality and the income share of the top group (so commodity booms were dis-equalising); but are negatively correlated with wage inequality (equalising); ii) the real exchange rate plays a prominent role, with a real depreciation being dis-equalising and real appreciation equalising in all cases; iii) as expected, a rising gap in sectoral productivity was dis-equalising, with its main effect acting on the wage structure; iv) inequality exhibits high persistence. These results are robust to changes in the estimation procedure and in the time period. We also found evidence of an inverted-U relationship between inequality and GDP per capita. 1" @default.
- W2549213322 created "2016-11-30" @default.
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- W2549213322 date "2015-01-01" @default.
- W2549213322 modified "2023-09-27" @default.
- W2549213322 title "Inequality and Economic Development in Latin America, 1900-2011" @default.
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