Tag Archives | Inequality
Economics

Kuznets beyond Kuznets: Structural transformation and income distribution in the era of globalization in Asia

Kuznets beyond Kuznets: Structural transformation and income distribution in the era of globalization in Asia
Inequality persists and so does the global concern over it. Kuznets’ views about the inverted-U relationship between inequality and development and the subsequent transformation process have been under the lenses of researchers for a long time. Kuznets’ theory proposed the inverted-U relationship through (i) a declining share of agriculture in total output and (ii) migration from the low-income agricultural sector to the high-income industrial sector (Kuznets 1955).

Economics, Education, Governance, Poverty Reduction

Why is Income Distributed Unequally? A Comparison of Japan and the United States

Why is Income Distributed Unequally? A Comparison of Japan and the United States
Japan and the United States (US) are at similar levels of economic development, yet their income distributions are considerably different. Whereas Japan has a relatively equal income distribution, the US is marked by a high level of income inequality. What are the sources of income inequality in both countries? Our latest research aims to uncover the sources on income inequality in both countries by exploiting detailed household panel survey.