Income Polarization and Economic Growth
Michal Brzezinski ()
No 587, LIS Working papers from LIS Cross-National Data Center in Luxembourg
This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more than 70 countries during the 1960–2005 period. We calculate vari-ous polarization indices using existing micro-level datasets, as well as datasets reconstructed from grouped data on income distribution taken from the World Income Inequality Database. The results garnered for our preferred sample of countries suggest that income polarization has a negative impact on growth in the short term, while the impact of income inequality on growth is statistically insignificant. Our results are fairly robust to various model specifica-tions and estimation techniques.
Keywords: economic growth; polarization; inequality; income distribution (search for similar items in EconPapers)
JEL-codes: O11 O15 O4 D31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:lis:liswps:587
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