Does globalization cause inequality in Developed Countries? Evidence from the OECD economies

Gulasekaran Rajaguru, Rahul Sen, Sadhana Srivastava, Pundarik MUKHOPADHAYA

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Abstract

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.
Original languageEnglish
Publication statusUnpublished - 13 Jul 2021
Event
Australian Conference of Economists 2021: Wealth and Wellbeing
- Western Australia, Perth, Australia
Duration: 12 Jul 202114 Jul 2021
https://ace2021.org.au/

Conference

Conference
Australian Conference of Economists 2021
CountryAustralia
CityPerth
Period12/07/2114/07/21
Internet address

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