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| Thi Hong Hanh Pham |
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| ''Cross – country dynamics in income inequality: Where do we stand?'' |
| ( 2024, Vol. 44 No.4 ) |
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| The present paper explores the cross-country dynamics in income inequality using the WID dataset over the period 1980 – 2022. Employing the Markov chain transition matrix and a set of mobility indices, we find evidence of a very weak transition of countries among different states of income inequality. Furthermore, many countries have been caught in a low-equality trap and escaping from this trap is a low probability proposition. Lastly, the convergence towards the same state of income equality has been still an unachieved goal ever short – or long-runs. |
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| Keywords: Income inequality; Markov chain transition matrix |
JEL: D3 - Distribution: General
O1 - Economic Development: General |
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| Manuscript Received : Jul 04 2024 | | Manuscript Accepted : Dec 30 2024 |
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