Does globalization drive long-run inequality within OECD countries? A guide to policy making

We analyse around four decades of annual time-series data revisiting the long-run relationship between globalization and income inequality for 24 OECD member countries across different geographical regions, applying the Yamamoto-Kurozumi multivariate vector autoregression (VAR) framework. We observe that rapid globalization is not the key cause of rising long-run intra country inequality. This result is obtained by controlling for growth, terms of trade, minimum wage legislation, and unionization and found robust by further controlling education. Most of the countries in our study with a long-run relationship reveal the robust reverse causal impact of rising globalization on reducing inequality. Our impulse response breakdown across various sub-components of globalization suggests that economic globalization is not a primary contributor to long-run inequality for developed industrialized countries. Our framework guides future research to concentrate more on country-specific relationships, with policy guidance tailored for each country based on their level of economic development and institutional quality.     

合目的性与合规律性的有机统一———习近平经济工作中的辩证思维

习近平同志在长期的领导实践中始终以经济建设为中心，从历史唯物主义和辩证唯物主义的高度，顺应经济发展规律，准确把握住了经济建设中的经济与政治、政府与市场等多个重要逻辑关系；同时，他提出在新常态下，要依靠统筹的办法解决推动城乡一体化发展这一经济建设中的难题，推动“三农问题”的彻底解决， 如此实现了经济工作中合目的性与合规律性的有机统一。     

Join to connect? Voluntary involvement,social capital,and socioeconomic inequalities

Access to social capital is stratified by socioeconomic status and has been cross-sectionally linked to involvement in voluntary organizations. Yet, we know little about the origin and interplay of these empirical regularities. Regression analyses on German panel data (SC6-NEPS) reveal that people rich in social capital join organizations more often (selection). Furthermore, joiners access more and higher-status social capital after joining (socializing opportunities). Low-status individuals disproportionally extend their reach towards higher positions through involvement but join less often. Compared to a counterfactual situation in which nobody joins, current involvement patterns marginally reduce some socioeconomic inequalities in access to social capital.     

Cognitive and non-cognitive traits and the intergenerational transmission of socioeconomic inequality

This paper studies the roles of cognitive and non-cognitive characteristics in a standard Roemerian Inequality of Opportunity (IOP) model. Using Australian microdata, we model the effects of individuals’ backgrounds and their psychological traits on two adult income variables. We find that measurable psychological traits (intelligence, locus of control, big five personality traits) are slightly more important than background characteristics (such as race, gender, social class at birth) in explaining income disparities. However, the fraction of IOP confounded by psychological factors is small (11%–12%), which suggests that background inequalities do not meaningfully reflect differences in cognitive or non-cognitive ability.