Productivity, social expenditure and income distribution in Latin America

This paper discusses the role of institutions and structural change in shaping income inequality. It is argued that while social expenditure and direct redistribution are crucial for improving income distribution, sustainable equality requires structural change to create decent jobs. The relative im...

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Autores principales:	Cimoli, Mario, Martins, Antonio, Porcile, Gabriel, Sossdorf, Fernando
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2015
Materias:	CONDICIONES ECONOMICAS PRODUCTIVIDAD DISTRIBUCION DEL INGRESO GASTOS PUBLICOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS PRODUCTIVITY INCOME DISTRIBUTION PUBLIC EXPENDITURES ECONOMIC INDICATORS
Acceso en línea:	http://hdl.handle.net/11362/39533
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spelling	oai-11362-395332020-11-16T13:28:47Z Productivity, social expenditure and income distribution in Latin America Cimoli, Mario Martins, Antonio Porcile, Gabriel Sossdorf, Fernando CONDICIONES ECONOMICAS PRODUCTIVIDAD DISTRIBUCION DEL INGRESO GASTOS PUBLICOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS PRODUCTIVITY INCOME DISTRIBUTION PUBLIC EXPENDITURES ECONOMIC INDICATORS This paper discusses the role of institutions and structural change in shaping income inequality. It is argued that while social expenditure and direct redistribution are crucial for improving income distribution, sustainable equality requires structural change to create decent jobs. The relative importance of these variables in different countries is analyzed and a typology suggested. It is argued that the most equal countries in the world combine strong institutions in favor of redistribution and knowledge-intensive production structures that sustain growth and employment in the long run. Both institutions and the production structure in Latin America fail to foster equality and this explains its extremely high levels of inequality. The last decade witnessed significant advances in reducing inequality in Latin America, but these advances are threatened by slow productivity growth and weak structural change. I. Introduction .-- II. The production structure, institutions and income distribution .-- III. The role of institutions .-- IV. The production structure and income distribution .-- V. The political economy of unstable equilibrium .-- VI. A simple model of structural change and redistribution .-- VII. Concluding remarks. 2015-12-11T15:04:04Z 2015-12-11T15:04:04Z 2015-11 Texto Documento Completo http://hdl.handle.net/11362/39533 LC/L.4105 en Serie Desarrollo Productivo 201 .pdf application/pdf AMERICA LATINA LATIN AMERICA ECLAC
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS PRODUCTIVIDAD DISTRIBUCION DEL INGRESO GASTOS PUBLICOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS PRODUCTIVITY INCOME DISTRIBUTION PUBLIC EXPENDITURES ECONOMIC INDICATORS
spellingShingle	CONDICIONES ECONOMICAS PRODUCTIVIDAD DISTRIBUCION DEL INGRESO GASTOS PUBLICOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS PRODUCTIVITY INCOME DISTRIBUTION PUBLIC EXPENDITURES ECONOMIC INDICATORS Cimoli, Mario Martins, Antonio Porcile, Gabriel Sossdorf, Fernando Productivity, social expenditure and income distribution in Latin America
description	This paper discusses the role of institutions and structural change in shaping income inequality. It is argued that while social expenditure and direct redistribution are crucial for improving income distribution, sustainable equality requires structural change to create decent jobs. The relative importance of these variables in different countries is analyzed and a typology suggested. It is argued that the most equal countries in the world combine strong institutions in favor of redistribution and knowledge-intensive production structures that sustain growth and employment in the long run. Both institutions and the production structure in Latin America fail to foster equality and this explains its extremely high levels of inequality. The last decade witnessed significant advances in reducing inequality in Latin America, but these advances are threatened by slow productivity growth and weak structural change.
format	Texto
author	Cimoli, Mario Martins, Antonio Porcile, Gabriel Sossdorf, Fernando
author_facet	Cimoli, Mario Martins, Antonio Porcile, Gabriel Sossdorf, Fernando
author_sort	Cimoli, Mario
title	Productivity, social expenditure and income distribution in Latin America
title_short	Productivity, social expenditure and income distribution in Latin America
title_full	Productivity, social expenditure and income distribution in Latin America
title_fullStr	Productivity, social expenditure and income distribution in Latin America
title_full_unstemmed	Productivity, social expenditure and income distribution in Latin America
title_sort	productivity, social expenditure and income distribution in latin america
publisher	ECLAC
publishDate	2015
url	http://hdl.handle.net/11362/39533
work_keys_str_mv	AT cimolimario productivitysocialexpenditureandincomedistributioninlatinamerica AT martinsantonio productivitysocialexpenditureandincomedistributioninlatinamerica AT porcilegabriel productivitysocialexpenditureandincomedistributioninlatinamerica AT sossdorffernando productivitysocialexpenditureandincomedistributioninlatinamerica
_version_	1718437001705816064

Productivity, social expenditure and income distribution in Latin America

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