A look at the evolution of income inequality: Piketty against Blacksmith - 60 years later

Взгляд на эволюцию неравенства доходов: Пикетти против Кузнеца — 60 лет спустя

Lyubimov, Ivan (Любимов, Иван) ()
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Lyubimov, Ivan (Любимов, Иван): Russian presidental academy of national economy and public administration

Ekonomicheskaya Politika / Economic Policy, 2016, vol. 1, 27—42

Abstract: The article compares the two interpretations of the evolution of inequality, one of which was presented by Simon Kuznets in 1955, and the other - by Thomas Piketty 2014. If Smith believed that inequality is reduced when the economy is relatively rich, and thus, the mere economic growth enough to, and increase the level of income in the economy, and reduce the level of income inequality, the Piketty shows that inequality in time becomes more and more and requires coordinated efforts of the authorities of different countries to reduce it. In this paper an attempt is made to use some of the results of Kuznets Piketty and to analyze the current situation with the income inequality in Russia.

Keywords: income inequality; economic growth; labor income; annuity; top management (search for similar items in EconPapers)
JEL-codes: D63 I24 O47 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1605

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