Publication: Inequality is Bad for Growth of the Poor (but Not for That of the Rich)
Date
2018-10
ISSN
1564-698X
Published
2018-10
Author(s)
Abstract
The paper investigates the relationship between income inequality and future income growth rates of households at different points of the income distribution. The analysis uses micro-census data from U.S. states covering the period from 1960 to 2010, and controls for exposure to imports from China and share of routine jobs, among other variables. It finds evidence that high levels of inequality reduce the income growth of the poor but, if anything, help the growth of the rich.
Citation
“van der Weide, Roy; Milanovic, Branko. 2018. Inequality is Bad for Growth of the Poor (but Not for That of the Rich). World Bank Economic Review. © Published by Oxford University Press on behalf of the World Bank. http://openknowledge.worldbank.org/handle/10986/33524 License: CC BY-NC-ND 3.0 IGO.”
Report Series
Other publications in this report series
Journal
Journal
World Bank Economic Review
1564-698X
Journal Volume
Journal Volume
Journal Issue
Journal Issue