Coverart for item
The Resource Inequality Overhang, Francesco Grigoli

Inequality Overhang, Francesco Grigoli

Label
Inequality Overhang
Title
Inequality Overhang
Statement of responsibility
Francesco Grigoli
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
The linearity of the relationship between income inequality and economic development has been long questioned. While theory provides arguments for which the shape of relationship may be positive for low levels of inequality and negative for high ones, most of the empirical literature assumes a linear specification finding conflicting results. Employing an innovative empirical approach robust to endogeneity, we find pervasive evidence of nonlinearities. In particular, similar to the debt overhang literature, we identify an inequality overhang level i that the slope of the relationship between income inequality and economic development switches from positive to negative at a net Gini of about 27 percent. We also find that in an environment characterized by widespread financial inclusion and high income concentration, rising income inequality has a larger negative impact on economic development because banks may curtail credit to customers at the lower end of the income distribution. On the positive side, a sufficiently high female labor participation can act as a shock absorber reducing such negative impact, possibly through a more efficient allocation of resources
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Grigoli, Francesco
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
G754 2017 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Grigoli, Francesco
Series statement
IMF Working Paper
http://library.link/vocab/subjectName
  • Debt Burden
  • Economic Development
  • Economic Growth
  • Income Distribution
  • Income Inequality
Label
Inequality Overhang, Francesco Grigoli
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2017076
Dimensions
unknown
Extent
1 online resource (27 pages)
Form of item
online
Isbn
9781475589634
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475589634.001
Specific material designation
remote
System control number
(IMF)WPIEA2017076
Label
Inequality Overhang, Francesco Grigoli
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2017076
Dimensions
unknown
Extent
1 online resource (27 pages)
Form of item
online
Isbn
9781475589634
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475589634.001
Specific material designation
remote
System control number
(IMF)WPIEA2017076

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