Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F14%3A10281473" target="_blank" >RIV/00216208:11320/14:10281473 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/14:10281473
Result on the web
<a href="http://www.vse.cz/pep/490" target="_blank" >http://www.vse.cz/pep/490</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries
Original language description
The Kuznets hypothesis of inverted U-curve dependence of the income inequality on the absolute value of the average income is still an unresolved issue despite the growing number of theoretical and empirical research on this topic. This paper analyzes the historical data on the average income and the income inequality for the period 1979-2009 collected for 145 countries. We found that the income inequality is infl uenced predominantly by governmental policy on subsidies and social transfers. Different amount of subsidies and social transfers across various countries makes the data biased. The inverted U-curve was found in countries with low amount of social contribution. However, increasing amount of social contributions makes the U-curve fl at and shifts its maximum to higher values of the average income. Based on the experimental data a model describing the infl uence of both governmental policy and the level of economic development was developed.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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