| Author: | Li, H. Squire, L. Zou, H. |
| Title: | Explaining international and intertemporal variations in income inequality |
| Journal: | Economic Journal
1998 : JAN, VOL. 108:446, p. 26-43 |
| Index terms: | INCOMES INEQUALITY CHANGE COUNTRY COMPARISONS |
| Language: | eng |
| Abstract: | This study explores propositions regarding income inequality when income inequality is relatively stable within countries, and when it varies significantly across countries. A new, expanded data set provides support for both propositions. Drawing on a political economy and capital market imperfection arguments to explain the intertemporal and international variation in inequality, the analysis shows that the predicted variables associated with the first argument concerning a measure of civil liberties and the initial level of secondary schooling, and the second argument about a measure of fiancial depth and the initial distribution of land, are significant determinants of inequality. |
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