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.
General
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