Doctoral Dissertation Research: Income Distribution and Redistribution in Rich Countries Under Finance-led Capital Accumulation

博士论文研究：金融主导资本积累下富裕国家的收入分配与再分配

• 批准号: 1637129
• 负责人: Ho-Fung Hung
• 金额: $ 0.51万
• 依托单位: Johns Hopkins University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2016
• 资助国家: 美国
• 起止时间: 2016-07-15 至 2018-06-30
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1637129&HistoricalAwards=false
• 关键词: Doctoral; Dissertation; Research; Income; Distribution

SES-1637129Ho-fung HungDaniel ThompsonJohns Hopkins University Inequality has increased in the United States and other rich countries over the last four decades. Scholars seeking to explain these trends have given much attention to deindustrialization and globalization, but a related trend, financial sector growth, is understudied. Finance is the largest source of corporate profits in most rich countries, but the sector employs few and has high earnings dispersion. Looking beyond the financial sector itself, social scientists have argued that financial sector influence has led to rising inequality within non-financial firms and declining redistribution in welfare states. To understand the relationship between finance and inequality, this dissertation will examine across 18 countries and over 40 years the effects of financial sector growth on five distributional outcomes: wage inequality, unemployment, tax progressivity, income transfers, and net inequality. This dissertation will contribute to academic scholarship on comparative inequality and comparative politics, in which few works have examined financial sector growth. It will also contribute to public debate on the causes of rising inequality as well as public policy on issues related to inequality and redistribution. The project will investigate the association between financial sector growth and inequality as well as the mechanisms through which this relationship takes place. Theoretically, the project draws on macro-comparative political economy, power resource theory, and institutional analysis, and it potentially will offer contributions to each theoretical perspective. It combines two methodological approaches. First, a statistical analysis will examine distributional outcomes in 18 countries over a period of 40 years. These will be used to identify general patterns and associations and frame the relationships for closer study. Second, qualitative, historical case studies of the United States, Germany, and Sweden will examine more closely the causal processes and intervening variables that link financial sector growth and rising inequality, while accounting for these countries' variation in institutional context. This more detailed causal analysis can improve understanding of the statistical associations identified in the quantitative analysis.

约翰霍普金斯大学在过去的四十年里，美国和其他富裕国家的不平等现象有所加剧。试图解释这些趋势的学者们对去工业化和全球化给予了很大的关注，但一个相关的趋势，即金融部门的增长，却没有得到充分的研究。在大多数富裕国家，金融业是企业利润的最大来源，但该行业雇佣人数很少，收入分散度很高。除了金融部门本身，社会科学家认为，金融部门的影响力导致非金融企业内部的不平等加剧，福利国家的再分配减少。为了理解金融与不平等之间的关系，本文将考察18个国家40多年来金融部门增长对五种分配结果的影响：工资不平等、失业、税收累进、收入转移和净不平等。本论文将有助于比较不平等和比较政治学的学术研究，其中很少有研究金融部门的增长。它还将促进关于不平等加剧的原因的公共辩论以及关于不平等和再分配问题的公共政策。该项目将调查金融部门增长与不平等之间的联系，以及这种关系发生的机制。在理论上，该项目借鉴了宏观比较政治经济学，权力资源理论和制度分析，它可能会为每个理论视角做出贡献。它结合了两种方法。首先，统计分析将审查18个国家在40年期间的分配结果。这些将被用来确定一般模式和关联，并为更深入的研究建立关系。第二，对美国、德国和瑞典的定性历史案例研究将更仔细地考察将金融部门增长与不平等加剧联系起来的因果过程和干预变量，同时解释这些国家在制度背景下的差异。这种更详细的因果分析可以提高对定量分析中确定的统计关联的理解。