The heterogeneous effects of globalization on income inequality continue to be hugely debated (Heimberger, 2020; Nolan et al., 2019). This study revisits the long-run relationship and existence of long and short-run causal linkages between globalization and income inequality for 23 OECD member countries across different geographical regions over 1970-2016. Four countries in our sample suggest the existence of a long-run relationship, with causality running from higher globalization levels to higher long-run income inequality only for Portugal and United States (USA). The results remain robust for the same after controlling for education, providing important policy implications towards moderating income inequality.
|Publication status||Unpublished - 13 Jul 2021|
Australian Conference of Economists 2021: Wealth and Wellbeing - Western Australia, Perth, Australia
Duration: 12 Jul 2021 → 14 Jul 2021
Australian Conference of Economists 2021
|Period||12/07/21 → 14/07/21|