"increasing the number of steps required to start a new business by one standard deviation is associated with a 7.2% increase in the share of income accruing to the top decile of income earners, and a 12.9% increase in the overall Gini coefficient."https:/
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467 followers
"countries with more stringent entry regulations tend to experience greater income inequality. The finding is robust to the measurement of income inequality...and the measurement of business startup regulations[.]" /2 https://t.co/IYoipLxItc
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Entry regulations (fees, permits, licenses) prohibit low-income individuals to establish footholds in many industries. New study in 'Public Choice' finds that countries with more stringent entry regulations tend to experience higher income #inequality http