Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality
Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
Total Pages: 39
Release: 2015-06-15
Genre: Business & Economics
ISBN: 1513547437


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This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.


Causes and Consequences of Income Inequality
Language: en
Pages: 39
Authors: Ms.Era Dabla-Norris
Categories: Business & Economics
Type: BOOK - Published: 2015-06-15 - Publisher: International Monetary Fund

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This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely among
Communities in Action
Language: en
Pages: 583
Authors: National Academies of Sciences, Engineering, and Medicine
Categories: Medical
Type: BOOK - Published: 2017-04-27 - Publisher: National Academies Press

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In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differenc
The Causes and Consequences of Increasing Inequality
Language: en
Pages: 386
Authors: Finis Welch
Categories: Business & Economics
Type: BOOK - Published: 2001-06-15 - Publisher: University of Chicago Press

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Despite the economic boom of the 1990s, the gap between the wealthy and the poor in the United States is growing larger. While ample evidence exists to validate
Social Inequality
Language: en
Pages: 663
Authors: Charles E. Hurst
Categories: Social Science
Type: BOOK - Published: 2016-08-05 - Publisher: Routledge

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Like past editions, this ninth edition of Social Inequality: Forms, Causes, and Consequences is a user-friendly introduction to the study of social inequality.
Social Inequality
Language: en
Pages: 574
Authors: Heather M. Fitz Gibbon
Categories: Social Science
Type: BOOK - Published: 2022-09-13 - Publisher: Taylor & Francis

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The eleventh edition of Social Inequality: Forms, Causes, and Consequences is an introduction to the study of social inequality. Fully updated statistics and ex