Homogeneous Middles vs. Heterogeneous Tails, and the End of the ‘Inverted‐U’: It's All About the Share of the Rich

By J. Palma. 2011

433 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/8f885f117f6db716f7e4ef399182db17067e6425

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Sociology and Political Science

Citations in the corpus

Is It All About the Tails? The Palma Measure of Income Inequality (2013, positive): “…Bank World Development Indicators dataset that includes observations for 135 countries with information on Gini coefficients and income shares, Palma (2011) established the claim that there are two opposite forces at work on distributions: one ‘centrifugal’, leading to an increased diversity…”
Personal income inequality and aggregate demand (2016, background): “It is interesting to note that as the top 20 % started to concentrate more of the total income after taxes (as shown in Figure 2 below and discussed in Palma (2011)), their average 1Tables from 1984 to 2010 are available at http://www.bls.gov/cex/. savings rate has also increased.”
Global Inequality of Opportunity: How Much of Our Income Is Determined by Where We Live? (2014, background): “For those around the middle (ventiles 13 to 18), equality or inequality of national income distributions matters very little because their income shares are about the same in both equal and unequal countries (on this point, see also Palma, 2011).”
Economic complexity, human capital and income inequality: a cross-country analysis (2019, background): “…hypothesis (Ahluwalia 1976; Barro 2008), others finding support for only the downward sloping part of the curve (Perotti 1996; Galbraith 2007; Palma 2011), and still others refuting any systematic relationship between economic growth and the level of income inequality (Deininger and Squire…”
Linking Economic Complexity, Institutions and Income Inequality (2015, background): “The average value of the PGIs increases over time, representing the trend found in recent research on inequality measures that countries are converging towards an average Gini value around 0.40 (Palma, 2011).”
Financialization and Economic Development: A Debate on the Social Efficiency of Modern Finance (2018, background): “In the USA, arguably the most financialized economy in the world, the result of this was extreme income polarization, unseen after World War II (Palma, 2011; Piketty, 2014).”