Inequality Stagnation in Latin America in the Aftermath of the Global Financial Crisis

Abstract

Between 2003 and 2010, Latin America experienced a solid record of economic growth, coupled with a notable reduction in income inequality. The regional Gini coefficient fell from 0.556 to 0.521 and declined in all 15 out of 17 countries in which frequent data are available. However, previous studies have warned about problems in the sustainability of the decline in income inequality and this study presents evidence of stagnation on this front between 2010 and 2013. The results are robust to various measures of income inequality, but differ across the region. While largely attributable to the recovery from the global financial crisis in Mexico and some countries in Central America, the results are also supported by the demonstrated slowdown in inequality reduction in other countries, including Brazil, Ecuador and Bolivia.

Latin America's Declining Skill Premium: A Macroeconomic Analysis

“…The decline in income inequality in the 2000s is robust to other measures. Cord et al (2017) document a decline the case before the 2000s. Indeed, Gasparini and Lustig (2011) document rising inequality during the 1980s and 1990s, and a reversal in the 2000s.…”

“…The decline in income inequality in the 2000s is robust to other measures. Cord et al () document a decline in income inequality using growth incidence curves, income concentration indicators, the Theil index of inequality, the mean log deviation, the ratio between the 90th and the 10th percentile, and the Atkinson index.…”

Rediseño Curricular de la Carrera Gestión Social y Desarrollo de la Universidad de Otavalo para su Proceso de Acreditación

“…Políticas institucionales como la figura del profesor investigador, la integración de las funciones sustantivas de la universidad: academia, investigación y vinculación con la sociedad, la categorización docente y la generación de tiempos exclusivos, provocan un giro estructural: la Educación Superior en el continente americano vuelca su misión al campo investigativo y al desarrollo científico. Proceso que transcurre en un escenario de tensiones económicas y políticas que ponen al descubierto la crisis del continente (Cord, 2017).…”

“…Políticas institucionales como la figura del profesor investigador, la integración de las funciones sustantivas de la universidad: academia, investigación y vinculación con la sociedad, la categorización docente y la generación de tiempos exclusivos, provocan un giro estructural: la Educación Superior en el continente americano vuelca su misión al campo investigativo y al desarrollo científico. Proceso que transcurre en un escenario de tensiones económicas y políticas que ponen al descubierto la crisis del continente (Cord, 2017).A partir de la década de los ´90, el énfasis conceptual de la Educación Superior se concentra en generar los rasgos propios, el aporte específico década universidad al campo de la formación profesional. La identidad universitaria se convierte en un eje de reestructuración de las instituciones (Aboites, 2010).…”

Income Distribution in Turkey during the Global Financial Crisis

“…On the other hand, it could be argued that crises led to improvements in inequality reflecting the drastic capital losses of the top decile as a result of the financial crisis in that their income was affected severely relative to income of those at the bottom decile. The severe distributional impacts of the global financial crisis have been studied extensively in advanced countries (Mishel and Gee, 2012;Mishel, 2012;Dufour and Orhangazi, 2014;Saez, 2015) also in developing and low income countries (Cord et al, 2017;Otker-Robe and Podpiera, 2013;Brinkman et al, 2010;Arieff et al, 2011). Another line of research has been focused on the positive impacts of the transfers and benefits to the poor in the countries that recovered fastly from harmful distributional effect of the global financial crisis (Agnello and Sousa, 2014;Woo et al, 2013;Ball et al, 2013;Brandolini et al, 2013;Jovanovic, 2014).…”