Institutions, models of capitalism and inequality in income distribution: an empirical investigation
Antonelli, Gilberto ; Calia, Pinuccia P. ; Guidetti, Giovanni
2019
17
3
July
651-685
income distribution ; social inequality ; low income ; capitalism ; data analysis
Income distribution
https://doi.org/10.1093/ser/mwx059
English
Bibliogr.;Charts;Statistics
"The article analyses the role of institutions in the determination of income inequality in a sample of OECD countries. Basing on the seminal approach by Amable, the article discusses the theoretical definition of model of capitalism. The basic idea is that each model of capitalism is defined by the cobweb of complementary relationships established among different institutions. Using a set of statistical indicators of the operation of institutions in two different years, 1995 and 2010, the empirical analysis points out five models of capitalism and exhibits how their composition has changed in this lapse of 15 years. In the following sections of the article, we investigate the role played by the model of capitalism in the determination of income distribution, measured through a standard Gini index. After controlling for a set of variables, the econometric evidence shows that different models of capitalism present significantly different levels of income inequality."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.