Globalization, Inequality, and Redistribution: Theory and Evidence
Giray Gözgör () and
No 151601, Working Papers from University of California-Irvine, Department of Economics
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.
Keywords: Offshoring; Globalization; Income inequality; Redistributive policies (search for similar items in EconPapers)
JEL-codes: F68 D63 H11 (search for similar items in EconPapers)
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Journal Article: Globalisation, inequality and redistribution: Theory and evidence (2017)
Working Paper: Globalization, Inequality, and Redistribution: Theory and Evidence (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:irv:wpaper:151601
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