kako citirati ovaj članak
podeli ovaj članak


  • citati u SCIndeksu: [2]
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:2
  • preuzimanja u poslednjih 30 dana:1


članak: 2 od 2  
Back povratak na rezultate
2016, vol. 63, br. 2, str. 231-258
Redistribution and transmission mechanisms of income inequality: Panel analysis of the affluent OECD countries
(naslov ne postoji na srpskom)
aUniverzitet u Novom Sadu, Ekonomski fakultet, Subotica
bUniverzitet u Beogradu, Ekonomski fakultet

e-adresajosifidis@gmail.com, radmilam@ekof.bg.ac.rs, novicasupic@yahoo.com, olgicai@ef.uns.ac.rs
Društvene transformacije u procesu evropskih integracija - multidisciplinarni pristup (MPNTR - 47010)

Ključne reči: Income inequality; Redistribution; Voters' preferences; Productivity
(ne postoji na srpskom)
The aim of this paper is to point out the limitations of conventional approaches, articulated via political processes, in reducing income inequality. Using the panel data methods, on the sample of 21 affluent OECD countries in the period from 1980 to 2011, it is observed that the increase in labour productivity as well as preferences of voters to parties that advocate greater redistribution, contrary to common perception, not necessarily lead to reduction in income inequality. Increasing dominance of big capital in the field of technological progress changes the conventions about contribution of workers to labour productivity. The result is a weakening of workers' bargaining power in relation to employers as well as increase in gap between labour productivity growth and real wage growth, which both lead to increase in income inequality. In comparison with the other political parties, it seems that the right-wing parties are more efficient in using voters' support to implement their concept of the welfare state, which contributes to maintaining the high market-generated income inequality. Such situation could be explained that de jure power of the government depends on election results, whereas de facto power depends on the support of so-called globally-oriented super elites.
*** (2012) Global wage report 2012-13: Wages and equitable growth. Geneva: International Labour Office, International Labour Office
*** (2007) The globalization of labor. u: World Economics Outlook, Washington: International Monetary Fund, April 2007, International Monetary Fund
*** (2014) New earnings survey. Office for National Statistics, http://www.ons.gov.uk/ (accessed February 22, 2015)
*** (2013) Crisis squeezes income and puts pressure on inequality and poverty: Results from the OECD income distribution database. Paris: Organization for Economic Co-operation and Development, Organization for Economic Co-operation and Development
*** (2015) Revenue statistics 2015. Paris: OECD Organization for Economic Co-operation and Development Publishing
Acemoglu, D., Robinson, J.A. (2000) Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective. Quarterly Journal of Economics, 115(4): 1167-1199
Acemoglu, D., Robinson, J.A. (2008) Persistence of Power, Elites, and Institutions. American Economic Review, 98:1, 267-293
Acemoglu, D., Egorov, G., Sonin, K. (2011) A Political Theory of Populism. u: National Bureau of Economic Research Working Paper 17306
Acemoglu, D., Ticchi, D., Vindigni, A. (2011) Emergence and persistence of inefficient states. Journal of the European Economic Association, 9(2): 177-208
Adams, J.F., Iii, S.M., Grofman, B. (2005) A Unified Theory of Party Competition: A Cross-National Analysis Integrating Spatial and Behavioral Factors. New York: Cambridge University Press
Ahlquist, J.S., Ansell, B. (2012) Electoral institutions, credit, and political responses to economic polarization. http://users.ox.ac.uk/~polf0487/papers/AhlquistAnsellAPSA2012.pdf
Alesina, A., Perotti, R. (1996) Income distribution, political instability, and investment. European Economic Review, 40(6): 1203-1228
Almas, H., Lee, S. (2010) The relationship between globalization, economic growth and income inequality. Journal of Globalization Studies, 1(2): 87-117
Andrew, S., Jean-François, A., Harrison, P. (2008) The relationship between labour productivity and real wage growth in Canada and OECD countries. Ottawa: Centre for the Study of Living Standards
Apergis, N., Dincer, O., Payne, J.E. (2013) Economic freedom and income inequality revisited: evidence from a panel error correction model. Contemporary Economic Policy, 32(1): 67-75
Asteriou, D., Dimelis, S., Moudatsou, A. (2014) Globalization and income inequality: A panel data econometric approach for the EU27 countries. Economic Modelling, 36: 592-599
Bakija, J., Cole, A., Bradley, H.T. (2012) Jobs and income growth of top earners and the causes of changing income inequality: Evidence from us tax return data. http://web.williams.edu/Economics/wp/BakijaColeHeimJobsIncomeGrowthTopEarners.pdf
Barslund, M., Rand, J., Tarp, F., Chiconela, J. (2007) Understanding Victimization: The Case of Mozambique. World Development, 35(7): 1237-1258
Beatrice, D., Weber, A., Elia, L. (2012) Literature review on income inequality and the effects on social outcomes. Luxembourg: European Commission Publications Office
Beaverstock, J.V., Hubbard, P., Short, J.R. (2004) Getting away with it? Exposing the geographies of the super-rich. Geoforum, 35(4): 401-407
Beck, N., Katz, J.N. (1995) What to do (and not to do) with time-series cross-section data. American Political Science Review, 89(3), 634-47
Berggren, N. (1999) Economic Freedom and Equality: Friends or Foes?. Public Choice, 100(3/4): 203-223
Bourguignon, F., Verdier, T. (2000) Oligarchy, democracy, inequality and growth. Journal of Development Economics, 62(2): 285-313
Breusch, T.S., Pagan, A.R. (1980) The Lagrange multiplier test and its applications to model specification in econometrics. Review of Economic Studies, 47, 1, 239-253
Card, D., DiNardo, J. (2002) Skill Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles. u: National Bureau of Economic Research Working Paper 769
Carter, J.R. (2006) An Empirical Note on Economic Freedom and Income Inequality. Public Choice, 130(1-2): 163-177
Chong, A., Gradstein, M. (2007) Inequality and Institutions. Review of Economics and Statistics, 89(3): 454-465
Chrystia, F. (2011) Plutocrats: The rise of the new super-Rich and the fall of everyone else. New York: Pengium Press, Limited
d`Errico Marco,, Macchiarelli, C., Serafini, R. (2015) Differently unequal: Zooming-in on the distributional dimensions of the crisis in euro area countries. Economic Modelling, 48: 93-115
Dearden, L., Reed, H., van Reenen, J. (2006) The Impact of Training on Productivity and Wages: Evidence from British Panel Data*. Oxford Bulletin of Economics and Statistics, 68(4): 397-421
Eissa, N.O., Giertz, S.H. (2006) Trends in high incomes and behavioral responses to taxation: Evidence from executive compensation and statistics of income data. Economics Department Faculty Publications Working Paper, 49
Engelbert, S. (2013) Why have wage shares fallen: A panel analysis of the determinants of functional income distribution. u: Conditions of Work and Employment Series, International Labour Office, 35
Facundo, A., Atkinson, T., Piketty, T., Emmanuel, S., Zucman, G. (2016) World Top Incomes Database. http://www.wid.world/ (accessed March 05)
Frederick, S. (2014) The standardized world income inequality database. http://myweb.uiowa.edu/fsolt/papers/Solt2014.pdf
Galbraith, J.K., Hale, J. T. (2008) State Income Inequality and Presidential Election Turnout and Outcomes *. Social Science Quarterly, 89(4): 887-901
Garicano, L., Rossi-Hansberg, E. (2005) Organization and Inequality in a Knowledge Economy. u: National Bureau of Economic Research Working Paper 11458
Gordon, R., Dew-Becker, I. (2008) Controversies about the Rise of American Inequality: A Survey. u: National Bureau of Economic Research Working Paper 13982
Gradstein, M. (2007) Inequality, democracy and the protection of property rights. Economic Journal, 117(516): 252-269
Guscina, A. (2006) Effects of Globalizationon Labor's Share in National Income. IMF Working Papers, 06(294): 1
Hinnerich, T.B., Pettersson‐Lidbom, P. (2014) Democracy, redistribution, and political participation: Evidence from Sweden 1919-1938. Econometrica, 82(3): 961-993
Horn, D. (2011) Income inequality and voter turnout: Evidence from European national elections. Growing INequalities' Impacts Discussion Paper, 16
Iversen, T., Soskice, D. (2006) Electoral Institutions and the Politics of Coalitions: Why Some Democracies Redistribute More Than Others. American Political Science Review, 100(02)
Jaumotte, F., Lall, S., Papageorgiou, C. (2013) Rising Income Inequality: Technology, or Trade and Financial Globalization?. IMF Economic Review, 61(2): 271-309
Josifidis, K., Lošonc, A., Supić, N. (2010) Neoliberalism: Befall or respite?. Panoeconomicus, vol. 57, br. 1, str. 101-117
Josifidis, K., Lošonc, A. (2014) Some thoughts on power: International context. Panoeconomicus, vol. 61, br. 5, str. 597-615
Kapetanios, G., Pesaran, M. H., Yamagata, T. (2011) Panels with non-stationary multifactor error structures. Journal of Econometrics, 160(2): 326-348
Kaplan, S.N., Rauh, J. (2009) Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes?. Review of Financial Studies, 23(3): 1004-1050
Keefer, P., Milanovic, B. (2014) Party Age and Party Color: New Results on the Political Economy of Redistribution and Inequality. u: World Bank Policy Research Working Paper 7129
Kenworthy, L., Pontusson, J. (2005) Rising Inequality and the Politics of Redistribution in Affluent Countries. Perspectives on Politics, 3(03)
Klein, N. (2012) Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look. IMF Working Papers, 12(92): 1
Korpi, W., Palme, J. (2003) New Politics and Class Politics in the Context of Austerity and Globalization: Welfare State Regress in 18 Countries, 1975-95. American Political Science Review, 97(03)
Krugman, P.R. (2008) Trade and wages, reconsidered. Brookings Papers on Economic Activity, 2008(1): 103-154
la Ferrara, E., Bates, R.H. (2001) Political Competition in Weak States. Economics and Politics, 13(2): 159-184
Levy, F., Temin, P. (2007) Inequality and Institutions in 20th Century America. u: Department of Economics Working Paper 07/17
Lizzeri, A., Persico, N. (2005) A Drawback Of Electoral Competition. Journal of the European Economic Association, 3(6): 1318-1348
López-Villavicencio, A., Silva, J.I. (2011) Employment protection and the non-linear relationship between the wage-productivity gap and unemployment. Scottish Journal of Political Economy, 58(2): 200-220
Lu, X., White, H. (2014) Robustness checks and robustness tests in applied economics. Journal of Econometrics, 178: 194-206
Lupu, N., Pontusson, J. (2011) The Structure of Inequality and the Politics of Redistribution. American Political Science Review, 105(02): 316-336
Mathieu, D., Russell, E. (2015) Why isn't productivity more popular?: A bargaining power approach to the pay/productivity linkage in Canada. International Productivity Monitor, 28(Spring): 47-62
Meltzer, A.H., Richard, S.F. (1981) A rational theory of the size of government. Journal of Political Economy, vol. 89, str. 914-927
Milanović, B. (2000) The median voter hypothesis income inequality and income redistribution: An empirical test with the required data. European Journal of Political Economy
Moene, K.O., Wallerstein, M. (2003) Earnings Inequality and Welfare Spending: A Disaggregated Analysis. World Politics, 55(04): 485-516
Mueller, D.C., Stratmann, T. (2003) The economic effects of democratic participation. Journal of Public Economics, 87(9-10): 2129-2155
Oded, G. (2011) Unified growth theory. New Jersey: Princeton University Press
Orrenius, P.M., Zavodny, M. (2007) Does immigration affect wages? A look at occupation-level evidence. Labour Economics, 14(5): 757-773
Partridge, M.D., Rickman, D.S., Levernier, W. (1996) Trends in U.S. income inequality: Evidence from a panel of states. Quarterly Review of Economics and Finance, 36(1): 17-37
Peri, G. (2007) Immigrants' Complementarities and Native Wages: Evidence from California. u: National Bureau of Economic Research Working Paper 12956
Piketty, T., Saez, E. (2006) The Evolution of Top Incomes: A Historical and International Perspective. u: National Bureau of Economic Research Working Paper 11955
Rodrigues, C.F., Andrade, I. (2014) Robin Hood versus piggy bank: Income redistribution in Portugal 2006-2010. Panoeconomicus, vol. 61, br. 5, str. 617-630
Romer, T. (1975) Individual welfare, majority voting, and the properties of a linear income tax. Journal of Public Economics, 4(2): 163-185
Roodman, D. (2007) The Anarchy of Numbers: Aid, Development, and Cross-Country Empirics. World Bank Economic Review, 21(2): 255-277
Scully, G.W. (2002) Economic Freedom, Government Policy and the Trade-Off between Equity and Economic Growth. Public Choice, 113(1-2); 77-96
Solt, F. (2010) Does Economic Inequality Depress Electoral Participation? Testing the Schattschneider Hypothesis. Political Behavior, 32(2): 285-301
Stiglitz, J. (2012) The Price of inequality: How Today's divided society endangers our future. New York: W.W. Norton & Company, Inc
Tromborg, M.W. (2014) Bringing the median voter back in: The relationship between government debt, median voter preferences, and welfare state spending. Journal of European Social Policy, 24(2): 107-121
Volscho, T.W., Kelly, N.J. (2012) The Rise of the Super-Rich: Power Resources, Taxes, Financial Markets, and the Dynamics of the Top 1 Percent, 1949 to 2008. American Sociological Review, 77(5): 679-699

O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.2298/pan1602231j
objavljen u SCIndeksu: 24.05.2016.
Creative Commons License 4.0

Povezani članci

Anali Pravnog fak Beograd (2015)
O ekonomskoj nejednakosti i društvenom blagostanju
Begović Boris

Panoeconomicus (2017)
Institutional quality and income inequality in the advanced countries
Josifidis Kosta, i dr.

Panoeconomicus (2016)
The wealth effect in the Eurozone
Rodil-Marzábal Óscar, i dr.

prikaži sve [34]