Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323781 
Year of Publication: 
2024
Citation: 
[Journal:] Economics of Transition and Institutional Change [ISSN:] 2577-6983 [Volume:] 33 [Issue:] 3 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2024 [Pages:] 667-693
Publisher: 
Wiley, Hoboken, NJ
Abstract: 
The paper studies the role of economic transition in the evolution of wealth inequality. We build a novel overlapping generations model that features heterogeneous workers and exogenous changes: (i) a structural change shifting employment from manufacturing to services and increasing educational attainment, (ii) TFP growth along the path of macroeconomic convergence and (iii) gains in longevity. Using this model, we quantify the role of structural change in the evolution of wealth inequality in Poland as of 1990. We show that a rise in wealth inequality because of growing longevity is lower in an economy undergoing structural change. Thus, structural change per se lowers wealth inequality, at least initially. We also provide an evaluation of a policy‐relevant redistribution instrument.
Subjects: 
demographic change
inequality
structural change
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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