Globalization, Inequality and the Rich Countries of the G-20: Evidence from the Luxembourg Income Study (LIS) Smeeding, Timothy M. en_US 2021-11-25T12:34:58Z 2021-11-25T12:34:58Z 2002 en_US
dc.description.abstract The purpose of this study is to summarize and comment upon what we know about the determinants of both the level and trend in economic inequality over the past two decades, and to relate these findings to the progress of globalization in these nations. While the fruits of economic progress in rich nations have not been equally spread, we argue that most citizens in rich Organization for Economic Cooperation and Development (OECD) nations have benefited from the trend toward global economic progress. We begin with a summary of the differences in overall economic inequality within the G-20 nations based on LIS (Luxembourg Income Study) data and recent work by others. Here we find that social policies, wage distributions, time worked, social and labor market institutions and demographic differences all have some influence on why there are large differences in inequality among rich nations at any point in time. In contrast, trade policy has not been shown to have any major impact on economic inequality. en_US
dc.identifier.isbn 0733419976 en_US
dc.identifier.issn 1447-8978 en_US
dc.language English
dc.language.iso EN en_US
dc.publisher Social Policy Research Centre, UNSW en_US
dc.relation.ispartofseries SPRC Discussion Paper en_US
dc.rights CC BY-NC-ND 3.0 en_US
dc.rights.uri en_US
dc.source Legacy MARC en_US
dc.title Globalization, Inequality and the Rich Countries of the G-20: Evidence from the Luxembourg Income Study (LIS) en_US
dc.type Working Paper en
dcterms.accessRights open access
dspace.entity.type Publication en_US
unsw.identifier.doi Sydney en_US
unsw.relation.ispartofworkingpapernumber 122 en_US
unsw.relation.originalPublicationAffiliation Smeeding, Timothy M., Centre for Policy Research, Syracuse University en_US
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