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Inequality and growth : theory and policy implications

Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.

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Detail Information
Series Title
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Call Number
330 TUR i
Publisher
Cambridge, Mass. : : MIT Press,.,
Collation
1 online resource (xiii, 327 pages) : illustrations.
Language
English
ISBN/ISSN
9780262272216
Classification
330
Content Type
text
Media Type
computer
Carrier Type
online resource
Edition
-
Subject(s)
Economic development
Income distribution
Specific Detail Info
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Statement of Responsibility
Other Information
Cataloger
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Source
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Validator
maya
Digital Object Identifier (DOI)
https://doi.org/10.7551/mitpress/3750.001.0001
Journal Volume
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Journal Issue
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Subtitle
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Parallel Title
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