Causes and Consequences of Income Inequality
By:Ms. Era Dabla-Norris
Published on 2015-06-15 by International Monetary Fund
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.
This Book was ranked at 260 by Google Books for keyword International Taxes.
Book ID of Causes and Consequences of Income Inequality's Books is uoLzCQAAQBAJ, Book which was written by "Ms. Era Dabla-Norris" have ETAG "szWMDkOWh/E"
Book which was published by International Monetary Fund since 2015-06-15 have ISBNs, ISBN 13 Code is 1513547437 and ISBN 10 Code is 9781513547435
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