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Causes and Consequences of Income Inequality
Report

Causes and Consequences of Income Inequality

A Global Perspective

IMF, 2015

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Background

Recommendation

Differing income levels can have a positive impact on an economy when people’s desire to move up the financial ladder provides incentives to work and innovate. But when it becomes too pronounced, income inequality can have harmful economic consequences. This breakthrough research from International Monetary Fund economists Era Dabla-Norris, Kalpana Kochhar, Nujin Suphaphiphat, Frantisek Ricka, Evridiki Tsounta extends the scope of past income inequality studies across many more developed and developing countries to offer ideas that can foster growth while narrowing the gap between rich and poor. getAbstract recommends this authoritative work to executives, economists and policy makers.

Take-Aways

  • Income inequality limits educational and occupational choices, concentrates political power among the few, and inhibits social mobility.
  • But beyond these social concerns, pronounced income inequality also has broad economic implications, particularly for growth.
  • Within developed countries, inequality has widened, while it has remained stable within emerging markets and developing countries (EMDCs), though at greater absolute levels than in the advanced nations.

About the Authors

Era Dabla-Norris, Kalpana Kochhar, Nujin Suphaphiphat, Frantisek Ricka and Evridiki Tsounta are economists at the International Monetary Fund.


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