Effects of Inequality on Economic Well-Being: Empirics From Macroeconomic and Microeconomic Perspectives
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| Michele Raitano | Aggiungi Tutor di riferimento (Professore o Ricercatore afferente allo stesso Dipartimento del Proponente) |
Economic literature presents mixed empirical evidence about the relationship between
inequality and economic well-being, from both a macroeconomic perspective and a microeconomic perspective. In addition, the concept of inequality in outcomes (such as income) is often used as a driver of social justice, which is instead better expressed by the concept of inequality of opportunity, such that a frequent overlapping of the two concepts arises also from an ethical perspective. My project builds on these premises and innovates past results in two steps. First, it introduces in the analysis new measures of both income and opportunity inequalities, computing them at several geographical levels. Second, it tests the linear and non-linear impact of any type of inequality on economic well-being selecting among different model specifications.