Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/163231 
Authors: 
Year of Publication: 
2017
Series/Report no.: 
ADBI Working Paper No. 732
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This study considers how education and globalization affect income inequality in Asia, with unbalanced panel data. The evidence supports the validity of Kuznets' inverted-U hypothesis for the connection between income level and income inequality. However, when more variables are integrated into the model, the consistency of the inverse U-shaped curve becomes weaker. The empirical results suggest that educational variables are highly influential in affecting income distribution. Our analysis indicates that a higher level of education achieved by the population aged 15 and over has improved income distribution in Asia, while educational inequality, measured by the education Gini index, has a negative effect on income distribution. Higher levels of globalization are correlated with higher levels of income inequality, while freedom, either political or economic, has marginal effects on the level of inequity in income distribution.
Subjects: 
education inequality
globalization
income inequality
JEL: 
C21
D31
I24
N35
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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