Mitigating the inequality crisis

Guillaume Allègre ()

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Abstract: The low growth performance in the European Union (EU) in the last decade has increased concerns regarding income inequality. Since the early 1980s, inequality has been on the rise in most countries and world regions. According to the World Wealth and Income Database, the top 10% pre-tax income share has grown in China from 27.2% in 1980 to 41.4% in 2016, in India from 31.5% to 55.5%, in Northern America from 34.2% to 46.7%, and in Europe from 32.6% to 37.1% (WID. world 2017). Inequality is therefore lower in Europe and has grown less rapidly than in other world regions. [First lines]

Keywords: Inequality; Crisis; Social cost; Economic cost (search for similar items in EconPapers)
Date: 2018-10
Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03397463
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Published in Jérôme Creel; Eloi Laurent; Jacques Le Cacheux. Report on the State of the European Union, Palgrave Macmillan; Palgrave Macmillan, pp.133 - 146, 2018, 9783319983646

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