The paper analyses the evolution of inequality for the largest economies of the Latin American region in the 21st century, separately considering income and wealth. The drivers of change in inequality and possible underlying hypotheses are examined, including the role of the new wave of leftist governments.The evidence revealed that income inequality decreased, although wealth inequality displayed a much less homogeneous pattern. Statistically, the decrease in inequality is associated with labour market changes, and with state redistribution through social expenditure. Wealth inequality is mainly correlated with a change in the share of financial wealth. A possible causal interpretation is that the (new) left threat may have inflated social pressures, mostly in the presence of rents generated by the commodity boom.

(2018). The Evolution of Inequality in Latin America in the 21st Century: Patterns, drivers and hypotheses [journal article - articolo]. In PSL QUARTERLY REVIEW. Retrieved from http://hdl.handle.net/10446/228003

The Evolution of Inequality in Latin America in the 21st Century: Patterns, drivers and hypotheses

Bogliacino, Francesco;
2018

Abstract

The paper analyses the evolution of inequality for the largest economies of the Latin American region in the 21st century, separately considering income and wealth. The drivers of change in inequality and possible underlying hypotheses are examined, including the role of the new wave of leftist governments.The evidence revealed that income inequality decreased, although wealth inequality displayed a much less homogeneous pattern. Statistically, the decrease in inequality is associated with labour market changes, and with state redistribution through social expenditure. Wealth inequality is mainly correlated with a change in the share of financial wealth. A possible causal interpretation is that the (new) left threat may have inflated social pressures, mostly in the presence of rents generated by the commodity boom.
articolo
Bogliacino, Francesco; Rojas Lozano, Daniel
(2018). The Evolution of Inequality in Latin America in the 21st Century: Patterns, drivers and hypotheses [journal article - articolo]. In PSL QUARTERLY REVIEW. Retrieved from http://hdl.handle.net/10446/228003
File allegato/i alla scheda:
File Dimensione del file Formato  
Bogliacino Rojas L PSLQR 2018.pdf

accesso aperto

Versione: publisher's version - versione editoriale
Licenza: Creative commons
Dimensione del file 907.47 kB
Formato Adobe PDF
907.47 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

Aisberg ©2008 Servizi bibliotecari, Università degli studi di Bergamo | Terms of use/Condizioni di utilizzo

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/228003
Citazioni
  • Scopus 1
  • ???jsp.display-item.citation.isi??? 0
social impact