ASSESSMENT OF RELATIONSHIP BETWEEN GROWTH AND INEQUALITY: MICRO EVIDENCE FROM THAILAND

Hyeok Jeong ()

Macroeconomic Dynamics, 2008, vol. 12, issue S2, pages 155-197

Abstract: This paper shows that growth and income distribution dynamics are closely linked through occupation, financial intermediation, and education. We use micro data from Thailand for 1976 status groups, that is, divergence and then convergence, give rise to inverted-U inequality dynamics. These two growth-related components of inequality dynamics, composition and income-gap dynamics, explain virtually all the change in overall inequality, except its initial rise. Thus, inequality dynamics can be viewed as an integral part of the wider process of growth, as Kuznets speculated.

Date: 2008
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Working Paper: Assessment of Relationship between Growth and Inequality: Micro Evidence from Thailand (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:cup:macdyn:v:12:y:2008:i:s2:p:155-197_07

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