Consequences of rising income inequality: a comment
Rising income inequality is an anglo Saxon problem. For most of the other OECD countries, earnings dispersion is rather persistent. Vertical mobility is to be taken into account. The paper also looks at the relationship of income inequality, growth and employment. It elaborates the point that equity orientation affects the incentive system of an economy and can lead to higher unemployment.
|Date of creation:||1998|
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in: NBER Macroeconomics Annual 1996, Volume 11, pages 11-92
National Bureau of Economic Research, Inc.
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