GLOBALIZATION AND INEQUALITIES IN DEVELOPED ECONOMIES: KUZNETS WAS NOT RIGHT

Sergio A. Berumen; Luis P. Pérez-Megino

doi:10.22451/3002.nbr2015.vol1.1.8003

Authors

Sergio A. Berumen Universidad Rey Juan Carlos, Madrid
Luis P. Pérez-Megino Kungliga Tekniska Högskolan (KTH).

DOI:

https://doi.org/10.22451/3002.nbr2015.vol1.1.8003

Keywords:

Globalization, Income Distribution, International Comparison.

Abstract

In this paper we first review the concepts of Globalization and Inequality, paying special attention to the conclusions reached previously by Simon Kuznets and his followers. Later we carry on with an international comparison between Sweden and the United States for the period 1913-2012. We depict the evolution in inequality levels for both countries, based in two main indicators: the Gini Index and the top 1% income share. Our findings point out that inequality has strongly risen in the United States whilst Sweden’s level of inequality is not far from the one presented immediately after the World War II. These results may indicate Sweden’s higher ability to deal with the globalization aftermaths.

Downloads

Download data is not yet available.

Author Biographies

Sergio A. Berumen, Universidad Rey Juan Carlos, Madrid

Profesor Titular de Universidad

Luis P. Pérez-Megino, Kungliga Tekniska Högskolan (KTH).

Actualmente cursa el máster en Economía en KTH.

References

Dollar, D., and Kraay, A. (2002). Spreading the Wealth. Foreign Affairs, 81, 120-133.

Firebaugh, G. (2003). “The New Geography of Global Income Inequality”. Cambridge, MA: Harvard University Press.

Greenspan, A. (1997). The Globalization of Finance. The Cato Journal, 17, 1-8.

Kuznets, S. (1955). Economic Growth and Economic Inequality. American Economic Review 45(1), 1-28.

Massey, D. (2009). Globalization and Inequality: Explaining American Exceptionalism. European Sociological Review, 25, 9-24.

Milanovic, B. (2005). “Worlds Apart: Measuring International and Global Inequality”. Princeton, NJ: Princeton University Press.

Mills, M. (2009). Globalization and Inequality. European Sociological Review, 25 (1), 1-8.

Piketty, T., and Sáez, M. (2001). Income Inequality in the United States, 1913-1998. NBER Working Paper No. 8467.

Piketty, T., and Sáez, M. (2006). The Evolution of Top Incomes: A Historical and International Perspective. NBER Working Paper No. 11955.

Sala-i-Martin, X. (2006). The World Distribution of Income: Falling Poverty and the Convergence Period. The Quarterly Journal of Economics, 121, 351-397.

Wade, R. H. (2004). Is Globalization Reducing Poverty and Inequality? World Development, 32, 567-589.