Market institutions and income inequality
使用两个关于前10%收入份额的数据集,分析市场制度对收入不平等的影响,发现相同实证设定在不同数据下结果不同,表明市场制度是否导致收入不平等尚无定论。
Abstract Some economic analysis concludes that capitalist institutions tend to produce growing income inequality. Piketty (2014 Capital in the Twenty-First Century ., Cambridge: Harvard University Press) is a recent example. This paper uses two different datasets on income shares of the top 10% to analyze the effect of market institutions on income inequality. The same empirical specifications give different results for the two datasets. This empirical investigation suggests that whether market institutions generate income inequality is an open question.