REDUCING INCOME INEQUALITY WHILE BOOSTING ECONOMIC GROWTH: CAN IT BE DONE? EVIDENCE FROM OECD COUNTRIES

Peter Hoeller, Isabelle Joumard and Isabell Koske

The Singapore Economic Review (SER), 2014, vol. 59, issue 01, 1-22

Abstract: This paper identifies inequality patterns across Organisation for Economic Co-operation and Development (OECD) countries and provides new analysis of their policy and non-policy drivers. One key finding is that education and anti-discrimination policies, well-designed labor market institutions and large and/or progressive tax and transfer systems can all reduce income inequality. On this basis, the paper identifies several policy reforms that could yield a double dividend in terms of boosting GDP per capita and reducing income inequality, and also flags other policy areas where reforms would entail a trade-off between both objectives.

Keywords: Income inequality; tax and transfer systems; education policy; labor market policy; JEL Classification: D31; JEL Classification: H23; JEL Classification: H53; JEL Classification: I24; JEL Classification: J68 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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DOI: 10.1142/S0217590814500015

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