Inequality and Effectiveness - the Current State of the Debate

Hristo Mavrov ()

Economy and Economic Theory: Problems and Interactions, Conference Proceedings 2017, 2017, issue 1, 152-162

Abstract: The paper presents the current state of the old debate on inequality efficiency trade-off. It points out that income inequality is the most important economic and social problem of modern society. It is argued that the link between inequality and efficiency is non-linear and there are limits within which it is possible to reduce inequality without influence on efficiency. Beyond these borders tradeoff exists. The choice depends on the society values and preferences.

Keywords: income inequality; effectiveness; equality; Arthur Okun (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vra:pr1712:y:2017:i:1:p:152-162

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