About: Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://www.vse.cz/pep/490
Description	The Kuznets hypothesis of inverted U-curve dependence of the income inequality on the absolute value of the average income is still an unresolved issue despite the growing number of theoretical and empirical research on this topic. This paper analyzes the historical data on the average income and the income inequality for the period 1979-2009 collected for 145 countries. We found that the income inequality is infl uenced predominantly by governmental policy on subsidies and social transfers. Different amount of subsidies and social transfers across various countries makes the data biased. The inverted U-curve was found in countries with low amount of social contribution. However, increasing amount of social contributions makes the U-curve fl at and shifts its maximum to higher values of the average income. Based on the experimental data a model describing the infl uence of both governmental policy and the level of economic development was developed. The Kuznets hypothesis of inverted U-curve dependence of the income inequality on the absolute value of the average income is still an unresolved issue despite the growing number of theoretical and empirical research on this topic. This paper analyzes the historical data on the average income and the income inequality for the period 1979-2009 collected for 145 countries. We found that the income inequality is infl uenced predominantly by governmental policy on subsidies and social transfers. Different amount of subsidies and social transfers across various countries makes the data biased. The inverted U-curve was found in countries with low amount of social contribution. However, increasing amount of social contributions makes the U-curve fl at and shifts its maximum to higher values of the average income. Based on the experimental data a model describing the infl uence of both governmental policy and the level of economic development was developed. (en)
Title	Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries (en)
skos:prefLabel	Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries (en)
skos:notation	RIV/00216208:11230/14:10281473!RIV15-MSM-11230___
http://linked.open...avai/riv/aktivita	I S
http://linked.open...avai/riv/aktivity	I, S
http://linked.open...iv/cisloPeriodika	3
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Melikhova, Oksana
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Univerzita Karlova v Praze / Fakulta sociálních věd
http://linked.open...dnocenehoVysledku	25345
http://linked.open...ai/riv/idVysledku	RIV/00216208:11230/14:10281473
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	comparative theory; income inequality; inverted U-curve; Kuznets curve (en)
http://linked.open.../riv/klicoveSlovo	comparative theory inverted U-curve Kuznets curve income inequality
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[B5006C7B5C5A]
http://linked.open...i/riv/nazevZdroje	Prague Economic Papers
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2014
http://linked.open...v/svazekPeriodika	23
http://linked.open...iv/tvurceVysledku	Melikhova, Oksana Čížek, Jakub
http://linked.open...ain/vavai/riv/wos	000343271700007
issn	1210-0455
number of pages	25 (xsd:int)
http://localhost/t...ganizacniJednotka	11230

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