EconPapers    
Economics at your fingertips  
 

The Evolution of Inequality in Latin America in the 21st Century: What are the patterns, drivers and causes?

Francesco Bogliacino and Daniel Rojas Lozano ()

PSL Quarterly Review, 2018, vol. 71, issue 286, 279-308

Abstract: The paper analyses the evolution of inequality for the largest economies of the Latin American region in the 21st century, with separate consideration of income and wealth. The drivers of changes in inequality and possible underlying causes are examined, including the role of the new wave of leftist governments. The evidence reveals that income inequality decreased, though wealth inequality displayed a much less homogeneous pattern. Statistically, the decrease in inequality is associated with labour market changes, and especially with State redistribution through subsidies. Wealth inequality is mainly correlated with the change in the share of financial wealth. A possible causal interpretation is that the symbolic victories of the new left may have inflated social pressures, mostly in the presence of rents generated by the commodity boom.

Keywords: inequality; Latin America; income; wealth; social policy (search for similar items in EconPapers)
JEL-codes: D63 H53 N16 N36 P52 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/14250/pdf (application/pdf)

Related works:
Working Paper: The evolution of inequality in Latin America in the 21st century: What are the patterns, drivers and causes? (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:pslqrr:2018:32

Ordering information: This journal article can be ordered from
http://www.pslquarterlyreview.info

Access Statistics for this article

PSL Quarterly Review is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti

More articles in PSL Quarterly Review from Economia civile
Bibliographic data for series maintained by Carlo D'Ippoliti ().

 
Page updated 2025-03-22
Handle: RePEc:psl:pslqrr:2018:32