Income Inequality and Economic Growth. Theory and Empirics

      Аннотация: This book summarizes the empirical and theoretical literature on the relation between income inequality and economic growth. The focus concentrates on two approaches: the Political Economy approach and the Capital Market Imperfection approach. The diverging results of these approaches are then combined to a single theory that tries to explain the complex relationship between economic growth and inequality. This should lead to a better understanding of the mechanisms that in?uence both, income inequality and economic growth and can help to draw useful policy conclusions.

Ключевые слова: market, Distribution, Policy, Economic Policy, Economic, income, growth, economic growth, Fiscal Policy, Income Inequality, Inequality, Redistribution, median voter, capital market, imperfection, capital market imperfection