Description |
1 online resource (39 pages) : color illustrations, color map |
Series |
IMF staff discussion note ; SDN/15/13 |
|
IMF staff discussion note ; SDN/15/13.
|
Summary |
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 |
Notes |
"June 2015." |
|
"Strategy, Policy and Review Department"--Page 2 |
Bibliography |
Includes bibliographical references (pages 34-39) |
Notes |
Online resource; title from PDF title page (IMF, viewed August 04, 2016) |
Subject |
Income distribution.
|
|
Economic policy.
|
|
Economic policy
|
|
Income distribution
|
|
American middle class.
|
|
Developed country.
|
|
Developing country.
|
|
Development economics.
|
|
Economic globalization.
|
|
Economic growth.
|
|
Economic inequality.
|
|
Economics.
|
|
Economy.
|
|
Education.
|
Genre/Form |
Electronic books
|
Form |
Electronic book
|
Author |
Kochhar, Kalpana, author
|
|
Suphaphiphat, Nujin, author
|
|
Ricka, Frantisek, author
|
|
Trounta, Evridiki, author
|
|
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
|
ISBN |
1513555189 |
|
9781513555188 |
|
1513544373 |
|
1513550721 |
|
9781513550725 |
|
1513547437 |
|
9781513547435 |
|
9781513544373 |
|