The divergent incomes theory, model and income inequality

Date of Publication

2018

Document Type

Master's Thesis

Degree Name

Master of Science in Economics

College

School of Economics

Department/Unit

Economics

Thesis Adviser

Marites M. Tiongco

Abstract/Summary

Our knowledge of income inequality is still somewhat asymmetric as we know more of about the dangers it posses to modern society while knowing somewhat very little of what really causes it to increase intertemporally. Old models such as Kuznets (1955) and Kaldor (1957) no longer seem to be able to explain modern trends in income inequality while other studies have tended to contradict one another. Some more recent explanations such as Piketty (2013), Rognlie (2017), and Stiglitz (2013) seem to have made strides in explaining some aspects of income inequality however these explanations may only be seeing parts of a broader and perhaps more complex picture. This paper thus aims to create an alternative model, the Divergent Incomes Theory and Model, for understanding income inequality and how it may increase or decrease in an economy. At the same time, it also aims at proposing a methodology for operationalizing this model which may be used to identify possible causes for income inequality which addresses case specific scenarios rather than trying to explain income inequality as caused by just one singular and general factor.

Abstract Format

html

Language

English

Format

Electronic

Accession Number

CDTG007035

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

1 computer disc ; 4 3/4 in.

Keywords

Income distribution

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