Income inequality and growth: calibration and simulation for the Kenyan economy
Investigates the decline in wealth and income inequality in Kenya between 2005 and 2015.
Abstract
This study investigate the notable decline in wealth and income inequality in Kenya over the 10 year period between 2005 and 2015. Using a calibrated continuous time heterogeneous agent model, it attributes up to 92% of the variation in top wealth inequality to a persistent but slow increase in the return to capital, a low risk free rate, and rising 바카라 사이트渆ffective바카라 사이트� income tax rates. This study suggests that a macroeconomic environment characterized by low risk free interest rates anchored by low debt to fiscal revenue ratios are key to reducing both wealth and income inequality.
This research is part of the Capacity for Economic Research and Policy making in Africa (CERPA) programme.
Citation
Mbara G. 바카라 사이트業ncome inequality and growth: calibration and simulation for the Kenyan economy바카라 사이트� 2024