Table 6.
Feasible General Least Squares (FGLS) estimations (OECD countries) (1996–2020).
| Sample | OECD | OECD | OECD | OECD | OECD | OECD | OECD | OECD | OECD |
|---|---|---|---|---|---|---|---|---|---|
| Regressor | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
| Log per capita GDPt−1 | −5.571*** (0.220) | −5.329*** (0.138) | −6.696*** (0.195) | −6.287*** (0.162) | −3.264*** (0.155) | −4.030*** (0.150) | −6.316*** (0.168) | −3.297*** (0.295) | −5.453*** (0.198) |
| Age dependencyt−1 | 0.361*** (0.021) | 0.379*** (0.015) | 0.379*** (0.021) | 0.263*** (0.023) | 0.413*** (0.017) | 0.388*** (0.016) | 0.395*** (0.018) | 0.287*** (0.023) | 0.318*** (0.024) |
| WPDIt | 0.072*** (0.021) | 0.046*** (0.017) | 0.048*** (0.018) | 0.035** (0.017) | 0.009*** (0.003) | 0.028** (0.014) | 0.021** (0.009) | 0.025*** (0.008) | 0.075*** (0.020) |
| Female labor force participationt−1 | −0.061*** (0.015) | – | – | – | – | – | – | – | – |
| Log total populationt−1 | – | 2.017*** (0.069) | – | – | – | – | – | – | – |
| Unemployment ratet−1 | – | – | 0.198*** (0.026) | – | – | – | – | – | – |
| Urban populationt−1 | – | – | – | 0.109*** (0.012) | – | – | – | – | – |
| Transfers and subsidiest−1 | – | – | – | – | −0.480*** (0.012) | – | – | – | – |
| Government Size Indext−1 | – | – | – | – | – | 3.392*** (0.080) | – | – | – |
| Labor market regulationt−1 | – | – | – | – | – | – | 0.774*** (0.051) | – | – |
| Overall globalizationt−1 | – | – | – | – | – | – | – | 0.259*** (0.020) | – |
| Democracy/autocracy spectrumt−1 | – | – | – | – | – | – | – | – | −0.501*** (0.079) |
| Observation | 780 | 780 | 780 | 780 | 737 | 741 | 729 | 780 | 741 |
| Countries | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| Wald Test [Probability] | 1,496*** [0.000] | 5,056*** [0.000] | 1,565*** [0.000] | 1,448*** [0.000] | 2,110*** [0.000] | 4,024*** [0.000] | 2,341*** [0.000] | 1,373*** [0.000] | 1,420*** [0.000] |
The dependent variable is the post-tax Gini coefficientt. Intercept is included. The standard errors are in ().
***
p < 0.01 and
**
p < 0.05.