Understanding the Link Between Institutional Reform and Income Inequality

Piya Mahtaney ()
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Piya Mahtaney: St. Xavier’s College

Chapter Chapter 11 in Structural Transformation, 2021, pp 237-263 from Springer

Abstract: Abstract This chapter will analyse the impact that equity (inequity) has on the way institutions function and on the trajectory of institutional change. Economic history demonstrates the significant role that an improvement in the distribution of income or a greater degree of equity has had in enabling higher levels of development. Thus regardless of whether one views distributional issues ideologically or not really does not matter in the larger context of achieving economic sustainability because without a better distribution income this is an inconceivable proposition. This fact comes into sharper focus when we view given the extremely skewed distribution of income that characterizes the global economy currently.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-4662-8_11

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DOI: 10.1007/978-981-33-4662-8_11

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