The topic of wage differentials is a frequently problem in the labor

We analyze the causality nexus between financial globalization and income inequality for 19 Emerging Market Economies. We use the bootstrap panel causality analysis. The dataset covers the period 1979-2012. The results indicate that there is a positive causality nexus between financial globalization and income inequality. Also, they show that Granger causality running from financial globalization to income inequality is seen in many countries such as

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We aim to investigate the effect of Single Market Programme on the spatial interaction of labour income share amongst the EU countries. Spatial panel data analysis is used for the aim of the study. The dataset is obtained from AMECO and WDI databases and covers the time period of 1960-2017. The results show that sign of spatial interaction between these countries in term of the labour income share has turned from positive to negative after the Single Market Programme. In other words, the Single Market Programme has induced to decrease the labour income share by negatively affecting the spatial interaction between these countries. In addition, we find that although the negative impacts of capital-output ratio and trade openness on the labour income share decrease, the negative impact of total factor productivity increases after the Single Market Programme. The results of robustness check also confirm our empirical findings.

The main aim of this study is to evaluate the causality linkages between income inequality and financial globalization for G7 countries over the period 1970-2015. The bootstrap panel Granger causality analysis by Kónya (2006) is used. The empirical results indicate that there is a causality linkage between income inequality and financial globalization in most of the G7 countries. Furthermore, it is shown that income tax has a significant role on the causality linkage. Hence, in order to reduce income inequality, policy makers should apply high taxes on top income, using fiscal policy instruments.