Economic Volatility and Inequality: Do Aid and Remittances Matter?

, Notes brèves
Téléchargement La version originale (EN)

Résumé

We examine the adverse impact of macroeconomic volatility on inequality and the role that aid and remittances could play in mitigating this effect. Using a panel of 142 countries over 1973-2012, we find that macroeconomic volatility widens income equality with the poorest being most exposed. However, while aid and remittances do not seem to have a direct impact on inequality, we both find evidence that aid helps to mitigate the negative effects of volatility on income distribution and has a stabilizing impact on income while remittances do not.

Chauvet, L., Ferry, M., Guillaumont, P., Guillaumont Jeanneney, S., Tapsoba, S. J.-A. et Wagner, L.Economic Volatility and Inequality: Do Aid and Remittances Matter? Ferdi Note brève B152, juillet 2016