Natural inequality, production and economic growth

Gil S. Epstein; Uriel Spiegel

doi:10.1016/s0927-5371(01)00037-9

Natural inequality, production and economic growth

Gil S. Epstein, Uriel Spiegel

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

This paper explains why the effect of income inequality on productivity and growth is ambiguous. When income distribution exhibits inequality levels that are compatible with accepted criteria, productivity and growth ensue. When the divergence from an acceptable level of inequality occurs, then under certain conditions, we may expect lower (higher) production levels and lower (higher) levels of economic growth.

Original language	English
Pages (from-to)	463-473
Number of pages	11
Journal	Labour Economics
Volume	8
Issue number	4
DOIs	https://doi.org/10.1016/s0927-5371(01)00037-9
State	Published - Sep 2001

Keywords

D2
Growth and productivity
Income distribution
J2
Natural degree of inequality
O4

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/s0927-5371(01)00037-9

Cite this

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Natural inequality, production and economic growth

Abstract

Keywords

UN SDGs

Access to Document

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