Comments on unequal growth

Giovanni Gallipoli ()

Journal of Monetary Economics, 2023, vol. 133, issue C, 19-24

Abstract: What is the relationship between income inequality and aggregate growth? Through an ingenious decomposition, Lippi and Perri cast this relationship as a function of simple moments of the distribution of changes in household income. Their study delivers new evidence linking heterogeneous micro-level income changes to macro-level growth outcomes. Faster income growth among rich households has mitigated the slowdown of aggregate growth in the US, especially after 2000. These findings bring forth questions about the origins of unequal growth and its impact on the welfare of different subsets of the population.

Keywords: Income; Earnings; Inequality; Growth (search for similar items in EconPapers)
JEL-codes: D31 O4 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:133:y:2023:i:c:p:19-24

DOI: 10.1016/j.jmoneco.2022.11.011

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