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The “Forgotten†Middle Class: An Analysis of the Effects of Globalisation

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Abstract

This paper studies the effects of globalisation on the income share of the middle class. Our findings suggest that globalisation, proxied by the KOF Economic Globalisation Index, reduces the income share of the middle class. The income share of the poorest 20% also drops due to globalisation, while that of the richest 20% increases. When we distinguish between de facto and de jure globalisation, we find that only de facto measures have statistically significant effects on income shares and inequality measures. Our results are robust for alternative definitions of the middle-class income share and hold for trade and financial globalisation.

Suggested Citation

  • Regine Pleninger & Jan-Egbert Sturm & Jakob de Haan, 2019. "The “Forgotten†Middle Class: An Analysis of the Effects of Globalisation," KOF Working papers 19-466, KOF Swiss Economic Institute, ETH Zurich.
    • Handle: RePEc:kof:wpskof:19-466
    DOI: 10.3929/ethz-b-000383388
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    Cited by:

    1. Florian Dorn & Clemens Fuest & Niklas Potrafke, 2022. "Trade openness and income inequality: New empirical evidence," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 202-223, January.

    More about this item

    Keywords

    middle class; income inequality; globalisation; income shares;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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