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Economic transition and the distributions of income and wealth

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  • Francisco H. G. Ferreira

Abstract

Using a model of wealth distribution dynamics and occupational choice, the author investigates the distributional consequences of policies and developments associated with the transition from central planning to a market system. The model suggests that even an efficient privatization designed to be egalitarian may lead to increases in inequality (and possibly poverty), both during the transition and in the new steady state. Creating new markets in services that are also supplied by the public sector may also contribute to an increase in inequality. So can labor market reforms that lead to a decompression of the earnings structure and to greater flexibility in employment. The results underline the importance of retaining government provision of basic public goods and services, removing barriers that prevent the participation of the poor in the new private sector, and ensuring that suitable safety nets are in place.

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Bibliographic Info

Article provided by The European Bank for Reconstruction and Development in its journal The Economics of Transition.

Volume (Year): 7 (1999)
Issue (Month): 2 (July)
Pages: 377-410

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Handle: RePEc:bla:etrans:v:7:y:1999:i:2:p:377-410

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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Simon Commander & Andrei Tolstopiantenko & Ruslan Yemtsov, 1997. "Channels of Redistribution: Inequality and Poverty in the Russian Transition," William Davidson Institute Working Papers Series 42, William Davidson Institute at the University of Michigan.
  2. Francisco H. G. Ferreira & Julie A. Litchfield, 1998. "Education or inflation? The roles of structural factors and macroeconomic instability in explaining Brazilian inequality in the 1980s," LSE Research Online Documents on Economics 6586, London School of Economics and Political Science, LSE Library.
  3. Oded Galor & Joseph Zeira, 2013. "Income Distribution and Macroeconomics," Working Papers 2013-12, Brown University, Department of Economics.
  4. Roland Benabou, 1996. "Unequal Societies," NBER Working Papers 5583, National Bureau of Economic Research, Inc.
  5. Thesia I. Garner & Katherine Terrell, 1997. "Changes in Distribution and Welfare in Transition Economies: Market vs. Policy in the Czech Republic and Slovakia," William Davidson Institute Working Papers Series 77, William Davidson Institute at the University of Michigan.
  6. Atkinson,Anthony Barnes & Micklewright,John, 1992. "Economic Transformation in Eastern Europe and the Distribution of Income," Cambridge Books, Cambridge University Press, number 9780521438827, October.
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Citations

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Cited by:
  1. Brando Jovanovic, 2000. "Russian Roulette- Expenditure Inequality and Instability in Russia, 1994-1998," William Davidson Institute Working Papers Series 358, William Davidson Institute at the University of Michigan.
  2. Aristei, David & Perugini, Cristiano, 2012. "Inequality and reforms in transition countries," Economic Systems, Elsevier, vol. 36(1), pages 2-10.
  3. Claudia Senik, 2002. "When Information Dominates Comparison: A Panel Data Analysis Using Russian Subjective Data," William Davidson Institute Working Papers Series 495, William Davidson Institute at the University of Michigan.
  4. Milanovic, Branko & Ersado, Lire, 2008. "Reform and Inequality during the Transition: An Analysis Using Panel Household Survey Data, 1990-2005," Policy Research Working Paper Series 4780, The World Bank.
  5. Senik, Claudia, 2004. "When information dominates comparison: Learning from Russian subjective panel data," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2099-2123, August.
  6. Aleksandra Parteka, 2012. "Skilled-Unskilled Wage Gap Versus Evolving Trade And Labour Market Structures in the EU," Working Papers 1204, Instytut Rozwoju, Institute for Development.
  7. Nazim, Habibov & Elvin, Afandi, 2009. "Analysis of subjective wellbeing in low-income transitional countries: evidence from comparative national surveys in Armenia,Azerbaijan and Georgia," MPRA Paper 42720, University Library of Munich, Germany.
  8. Meng, Xin, 2007. "Wealth Accumulation and Distribution in Urban China," IZA Discussion Papers 2553, Institute for the Study of Labor (IZA).
  9. Birdsall, Nancy & Nellis, John, 2003. "Winners and Losers: Assessing the Distributional Impact of Privatization," World Development, Elsevier, vol. 31(10), pages 1617-1633, October.
  10. Kenneth Smith, 2001. "Age/Earnings Profiles in Transition Economies: The Estonian Case," Post-Communist Economies, Taylor & Francis Journals, vol. 13(4), pages 485-503.
  11. Adam McCarty, 2001. "The Social Impact of the Reform Process," Development and Comp Systems 0110004, EconWPA.
  12. Wan, Guanghua, 2002. "Income Inequality and Growth in Transition Economies: Are Nonlinear Models Needed?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  13. Bhandari, Bornali, 2007. "Effect of Inward Foreign Direct Investment on Income Inequality in Transition Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 22, pages 888-928.
  14. Facundo Alvaredo & Leonardo Gasparini, 2013. "Recent Trends in Inequality and Poverty in Developing Countries," CEDLAS, Working Papers 0151, CEDLAS, Universidad Nacional de La Plata.
  15. David Aristei & Cristiano Perugini, 2011. "Speed and Sequencing of Transition Reforms and Income Inequality: a Panel Data Analysis," Working Papers 302, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
  16. Xin Meng, 2004. "Economic Restructuring and Income Inequality in Urban China," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 50(3), pages 357-379, 09.
  17. Sonin, Konstantin, 1999. "Inequality, Property Rights Protection, and Economic Growth in Transition Economies: Theory and Russian Evidence," CEPR Discussion Papers 2300, C.E.P.R. Discussion Papers.
  18. Nixson, Frederick & Walters, Bernard, 2006. "Privatization, Income Distribution, and Poverty: The Mongolian Experience," World Development, Elsevier, vol. 34(9), pages 1557-1579, September.
  19. Jens Holscher & Cristiano Perugini & Fabrizio Pompei, 2011. "Wage inequality, labour market flexibility and duality in Eastern and Western Europe," Post-Communist Economies, Taylor & Francis Journals, vol. 23(3), pages 271-310.

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