Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/123151
Authors: 
Gozgor, Giray
Ranjan, Priya
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5522
Abstract: 
This paper constructs a simple theoretical model to study the implications of globalization for inequality and redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and redistribution in a panel data set of 140 countries for the period from 1970 to 2012. It finds that both inequality and redistribution have been increasing with globalization. The results are robust to the inclusion of many different controls and the exclusion of outliers.
Subjects: 
globalization
income inequality
redistributive policies
JEL: 
F68
D63
H11
Document Type: 
Working Paper

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