Seminars & Events
APL (Ajiken Power Lunch)
Which Tail Matters? Inequality and Growth in Brazil
APL
(Ajiken
Power
Lunch)
is
a
lunchtime
workshop
open
to
public,
including
IDE
staffs,
visiting
research
fellows,
IDEAS
students,
outside
researchers
and
graduate
students.
This
workshop
provides
a
platform
for
presentation
of
any
work
in
progress
where
we
can
discuss
in
either
English
or
Japanese.
Those
who
would
attend
a
seminar
are
asked
to
announce
yourself
to
receptionists
on
your
arrival
at
the
IDE
and
to
obtain
APL
Organizers'
signature
on
your
admission
card
after
the
seminar.
Date&time:
January 27, 2017. (Friday) 10:30-12:00
Venue:
Theme:
Which Tail Matters? Inequality and Growth in Brazil
Abstract
We
estimate
the
effect
of
initial
income
inequality
on
subsequent
income
per
capita
growth
using
sub-national
data
from
Brazil
over
the
period
1970-2000.
Controlling
for
initial
income
per
capita
and
other
standard
confounders,
we
find
that
places
with
higher
initial
inequality
exhibit
higher
subsequent
growth.
This
effect
is
entirely
driven
by
the
lower
tail
of
the
initial
income
distribution:
places
with
a
higher
share
of
income
going
to
the
middle
quintile
at
the
expense
of
the
bottom
quintile
grow
more
rapidly,
while
places
with
a
higher
share
of
income
going
to
the
top
quintile
at
the
expense
of
the
middle
quintile
get
no
growth
boost
at
all.
We
document
that
physical
and
human
capital
accumulation
in
places
with
higher
inequality
in
the
lower
tail
of
the
initial
income
distribution
outpace
capital
accumulation
in
more
equal
places,
while
inequality
in
the
upper
tail
of
the
distribution
is
uncorrelated
with
subsequent
physical
or
human
capital
growth.
These
results
are
consistent
with
credit
constraints
and
setup
costs
for
human
and
physical
capital
investments
as
well
as
an
increasing
and
concave
individual
propensity
to
save.
Speaker:
Professor Stephan Litschig (National Graduate Institute for Policy Studies (GRIPS))
Chair:
Languages:
English
IMAI Kohei E-mail:kohei_imai

TSUBURA Machiko E-mail:Machiko_Tsubura

ASUYAMA Yoko E-mail:yoko_asuyama
