- [UNTITLED]
- Preface
- List of Figures
- List of Tables
- List of Contributors
- Introduction
- Equality: Its Justification, Nature, and Domain
- The Measurement of Economic Inequality
- Income Inequality in Richer and OECD Countries
- Functional Distribution and Inequality
- Wealth and Economic Inequality
- Top Incomes
- Inequality and Earnings Distribution
- Inequality and the Labor Market: Employers
- Inequality and the Labor Market: Unions
- Low Pay
- Gender and Economic Inequality
- Economic Inequality, Poverty, and Social Exclusion
- Inequality and Time Use in the Household
- Inequality and Happiness
- Health and Economic Inequality
- Education and Inequality
- Demographic Transformation and Economic Inequality
- International Migration, Ethnicity, and Economic Inequality
- Intergenerational Income Mobility and the Role of Family Background
- Intragenerational Inequality and Intertemporal Mobility
- Inequality and Economic Growth
- Globalization and Inequality
- Poverty and Inequality: The Global Context
- Economic Inequality and the Welfare State
- The Political Economy of Inequality and Redistribution
- Prospects for Achieving Equality in Market Economies
- Index
Abstract and Keywords
This article reveals a complex and multi-dimensional effect of inequality on growth. The theoretical literature suggests that inequality can both facilitate and retard growth. Furthermore, most of the positive mechanisms can be linked to inequality at the top end of the distribution while many of the detrimental effects can be traced to bottom-end inequality, or to high overall inequality. The ultimate effect of inequality on the economy will therefore depend on the relative strengths of the positive and negative influences that are identified. In theory, this balance will be affected by the overall level of inequality in a country, together with the strength of its institutions. Additionally, different levels of inequality may be conducive to growth at different levels of development.
Keywords: growth, inequality, institutions, positive influences, negative influences
Sarah Voitchovsky is a researcher at the School of Applied Social Sciences, University College Dublin, Ireland. Her interests include the causes and consequences of income and wealth inequality, household allocation of resources, and economic growth.
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- [UNTITLED]
- Preface
- List of Figures
- List of Tables
- List of Contributors
- Introduction
- Equality: Its Justification, Nature, and Domain
- The Measurement of Economic Inequality
- Income Inequality in Richer and OECD Countries
- Functional Distribution and Inequality
- Wealth and Economic Inequality
- Top Incomes
- Inequality and Earnings Distribution
- Inequality and the Labor Market: Employers
- Inequality and the Labor Market: Unions
- Low Pay
- Gender and Economic Inequality
- Economic Inequality, Poverty, and Social Exclusion
- Inequality and Time Use in the Household
- Inequality and Happiness
- Health and Economic Inequality
- Education and Inequality
- Demographic Transformation and Economic Inequality
- International Migration, Ethnicity, and Economic Inequality
- Intergenerational Income Mobility and the Role of Family Background
- Intragenerational Inequality and Intertemporal Mobility
- Inequality and Economic Growth
- Globalization and Inequality
- Poverty and Inequality: The Global Context
- Economic Inequality and the Welfare State
- The Political Economy of Inequality and Redistribution
- Prospects for Achieving Equality in Market Economies
- Index