Causes and Consequences of Income Inequality

A Global Perspective

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Causes and Consequences of Income Inequality by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta ISBN: 9781513547435
Publisher: INTERNATIONAL MONETARY FUND Publication: June 15, 2015
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
ISBN: 9781513547435
Publisher: INTERNATIONAL MONETARY FUND
Publication: June 15, 2015
Imprint: INTERNATIONAL MONETARY FUND
Language: English
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.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
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.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Financial Deepening and International Monetary Stability by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Regional Economic Outlook: Western Hemisphere, May 2010 by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Fiscal Policies in Economies in Transition by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Resilience and Growth Through Sustained Adjustment: The Moroccan Experience by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Characteristics of a Successful Exchange Rate System by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Issues in the Assessment of the Exchange Rates of Industrial Countries by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Capital Flows in the APEC Region by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Privatization and Public Enterprises by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Export Credit Cover Policies and Payments Difficulties by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Revenue Administration: Administering Revenues from Natural Resources by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book The Fund Agreement in the Courts, Vol. II by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Currency Boards: Issues and Experiences by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book Finance & Development, December 1980 by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book The Romanian Economic Reform Program by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
Cover of the book The Special Data Dissemination Standard: Guide for Subscribers and Users by Era Ms. Dabla-Norris, Kalpana Ms. Kochhar, Nujin Mrs. Suphaphiphat, Frantisek Mr. Ricka, Evridiki Tsounta
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy