Growth for Whom?

Pavlina Tcherneva

Economics One-Pager Archive from Levy Economics Institute

Abstract: In the postwar period, income growth has become more inequitably distributed with virtually every subsequent economic expansion. From 2009 to 2012, while the economy was recovering from one of the biggest economic downturns in recent memory, the top 1 percent took home 95 percent of the income gains. To reverse this pattern, Research Associate Pavlina R. Tcherneva recommends policy strategies to promote growth from the bottom up—to change the income distribution directly by funding employment opportunities in the public, nonprofit, or social entrepreneurial sector.

Date: 2014-10
New Economics Papers: this item is included in nep-pke
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