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Publication Type
Journal Article
UWI Author(s)
Author, Analytic
King, Damien; Handa, Sudhanshu
Author Affiliation, Ana.
Department of Economics
Article Title
Changes in the distribution of income and the new economic model in Jamaica
Medium Designator
n/a
Connective Phrase
n/a
Journal Title
Social and Economic Studies
Translated Title
n/a
Reprint Status
Refereed
Date of Publication
2001
Volume ID
50
Issue ID
1
Page(s)
127-68
Language
n/a
Connective Phrase
n/a
Location/URL
n/a
ISSN
n/a
Notes
n/a
Abstract
Argues that in Jamaica the income distribution has not worsened in the aftermath of the implementations of economic reforms. Points to the incompleteness of economic reform along with the dominance of stabilization policies as the reasons for this. Argues that the fall in the value of physical capital and the rise in the cost of financial capital adversely affected the fortunes of the wealthiest quintile, which underlie the substantial distributional shift from that group to everyone else below. At the same time, the middle strata was somewhat protected by the inflexibility of the formal labour market, as they were able to pass on some of the cost of adjustment to the lowest quintile.....
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