05427oam 22011294 450 991097018750332120250426110557.0978661284136197814623790021462379001978145187043514518704349781451989304145198930X9781282841369128284136X(CKB)3170000000055085(SSID)ssj0000943058(PQKBManifestationID)11580568(PQKBTitleCode)TC0000943058(PQKBWorkID)10976931(PQKB)10988429(OCoLC)762038678(IMF)WPIEE2008185(MiAaPQ)EBC1605838(IMF)WPIEA2008185WPIEA2008185(EXLCZ)99317000000005508520020129d2008 uf 0engurcnu||||||||txtccrRising Income Inequality : Technology, or Trade and Financial Globalization? /Chris Papageorgiou, Subir Lall, Florence Jaumotte1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (38 pages) illustrations (some color), tablesIMF Working PapersIMF working paper ;WP/08/185Bibliographic Level Mode of Issuance: Monograph9781451914962 1451914962 Includes bibliographical references.Intro -- Contents -- I. Introduction -- II. A Look at Cross-Country Trends -- A. Income Inequality -- B. Trade Openness, Financial Openness and Technological Progress -- III. Empirical Analysis -- A. Specification -- B. Results -- C. Robustness -- IV. Discussion -- V. Conclusion -- Appendix I. Variable Definitions and Data Sources -- Appendix II. Income Country Groups and Estimation Sample -- References -- Tables -- 1. Income Inequality Panel Regressions -- 2. Quintile Income Shares Regressions -- 3. Income Inequality Panel Regressions (Regional Heterogeneity). -- Figures -- 1. Income Inequality Within Income Country Groups and Selected Countries -- 2. Income Shares Within Income Country Groups -- 3. Income by Quintile in Selected Regions -- 4. Trade Liberalization Within Income Country Groups. -- 5. Financial Liberalization Within Income Country Groups -- 6. Technological Development Within Income Country Groups -- 7. Decomposition of the Change in Income Inequality.We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality.IMF Working Papers; Working Paper ;No. 2008/185GlobalizationEconometric modelsTechnological innovationsEconometric modelsInternational tradeEconometric modelsInternational financeEconometric modelsIncome distributionEconometric modelsAggregate Factor Income DistributionimfExports and ImportsimfFinanceimfForeign direct investmentimfGlobalizationimfGlobalization: GeneralimfIncome distributionimfIncome inequalityimfIncomeimfInternational InvestmentimfInvestments, ForeignimfLong-term Capital MovementsimfMacroeconomicsimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfGermanyimfGlobalizationEconometric models.Technological innovationsEconometric models.International tradeEconometric models.International financeEconometric models.Income distributionEconometric models.Aggregate Factor Income DistributionExports and ImportsFinanceForeign direct investmentGlobalizationGlobalization: GeneralIncome distributionIncome inequalityIncomeInternational InvestmentInvestments, ForeignLong-term Capital MovementsMacroeconomicsPersonal incomePersonal Income, Wealth, and Their Distributions303.482Papageorgiou Chris1816345Jaumotte Florence1183852Lall Subir1816346DcWaIMFBOOK9910970187503321Rising Income Inequality4372368UNINA