Inequality is Bad for Growth of the Poor (But Not for That of the Rich)

• Tác giả: Roy van der Weide
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.22 Distribution of aggregate personal income and wealth
• Thông tin xuất bản: World Bank Group, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 312280
• Chủ đề: 1. AGGREGATE INCOME; 2. ANNUAL GROWTH; 3. AVERAGE ANNUAL; 4. AVERAGE GROWTH; 5. AVERAGE GROWTH RATE

Tóm tắt

The paper assesses the impact of overall inequality, as well as inequality among the poor and among the rich, on the growth rates along various percentiles of the income distribution. The analysis uses micro-census data from U.S. states covering the period from 1960 to 2010. The paper finds evidence that high levels of inequality reduce the income growth of the poor and, if anything, help the growth of the rich. When inequality is deconstructed into bottom and top inequality, the analysis finds that it is mostly top inequality that is holding back growth at the bottom.