Using financial incentives to encourage welfare recipients to become economically self-sufficient - commentary

Public welfare ; Poverty ; Employment (Economic theory)

Do Rising Top Incomes Lift All Boats?

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year. This relationship is not driven by changes in either educational attainment or top tax rates. If the increase in inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years for the cumulative positive effect of faster growth on the mean income of the bottom nine deciles to offset the negative effect of reducing their share of total income.inequality, growth, income distribution, national income

Do Rising Top Incomes Lift All Boats?

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year. This relationship is not driven by changes in either educational attainment or top tax rates. If the increase in inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years for the cumulative positive effect of faster growth on the mean income of the bottom nine deciles to offset the negative effect of reducing their share of total income.inequality, growth, income distribution, national income

Ohio's Burley Tobacco Agriculture : a Primary Regional Cash Crop

Author Institution: Department of Geography, Miami University, Oxford, Ohio 45056Ohio's Burley tobacco agriculture is concentrated in a relatively small portion of southern Ohio and is significant as a primary cash crop for the region. In four of the 10 leading Burley-tobacco-producing counties, Burley tobacco ranks as the leading cultivated crop of the county, and in one county leads all agricultural commodities produced there in value. The type of farm on which Burley tobacco is grown varies from the predominately marginal farms situated in the hilly portions of the growing region to generaltype farms located on more level land. Two crops which have been suggested as possible alternatives or additions to improve the economy of Burley tobacco growers are grapes and strawberries

Inequality and Mortality: Long-Run Evidence from a Panel of Countries

We investigate whether changes in economic inequality affect mortality in rich countries. To answer this question we use a new source of data on income inequality: tax data on the share of pretax income going to the richest 10 percent of the population in Australia, Canada, France, Germany, Ireland, the Netherlands, New Zealand, Spain, Sweden, Switzerland, the UK, and the US between 1903 and 2003. Although this measure is not a good proxy for inequality within the bottom half of the income distribution, it is a good proxy for changes in the top half of the distribution and for the Gini coefficient. In the absence of country and year fixed effects, the income share of the top decile is negatively related to life expectancy and positively related to infant mortality. However, in our preferred fixed-effects specification these relationships are weak, statistically insignificant, and likely to change their sign. Nor do our data suggest that changes in the income share of the richest 10 percent affect homicide or suicide rates

Income Inequality and Health: Strong Theories, Weaker Evidence

Many researchers and advocates believe that income inequality affects individual health, but empirical evidence has been inconclusive. A large body of research has found that income inequality is negatively correlated with average life expectancy, partly because a transfer of income from the poor to the rich is likely to harm the health of the poor more than it improves the health of the rich. A smaller body of work has investigated socioeconomic disparities in life expectancy, which widened in many countries after 1980, at the same time that income inequality was increasing. These two lines of work should be seen as complementary, because high and rising income inequality is unlikely to affect the health of all socioeconomic groups equally. Understanding the effects of income inequality on health requires attention to the mechanisms that affect the health of different income groups, changing average health, disparities in health, or (more likely) both. Rising income inequality can affect individuals in two ways. Direct effects change individuals’ own income. Indirect effects change other people’s income, which can then change a society’s politics, customs, and ideals, altering even the behavior of those whose own income remains unchanged. Indirect effects can thus change both average health and the slope of the relationship between individual income and health

Do Rising Top Incomes Lift All Boats?

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year. This relationship is not driven by changes in either educational attainment or top tax rates. If the increase in inequality is permanent, the increase in growth appears to be permanent, but it takes 13 years for the cumulative positive effect of faster growth on the mean income of the bottom nine deciles to offset the negative effect of reducing their share of total income

UNCOMMON LAW:THE PRIVATIZATION OF DISPUTE RESOLUTION ACROSS THE POND

UNCOMMON LAW:THE PRIVATIZATION OF DISPUTE RESOLUTION ACROSS THE PON