Why might the rich be indifferent to income growth of their own countries?

Branko Milanovic

Economics Letters, 2016, vol. 147, issue C, 108-111

Abstract: The paper shows using empirical evidence from more than 100 countries’ household surveys, that income gains that the rich can realize through a more unequal distribution are often much larger than the realistic gains from a distribution-neutral growth. The rich are thus more likely to support policies that increase inequality than be concerned about income growth of their countries.

Keywords: Income distribution; Top 1%; Inequality (search for similar items in EconPapers)
JEL-codes: D3 I3 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:108-111

DOI: 10.1016/j.econlet.2016.08.027

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