Inequality, Growth, and Investment

Robert Barro

No 7038, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in richer places. The Kuznets curve-whereby inequality first increases and later decreases during the process of economic development-emerges as a clear empirical regularity. However does not explain the bulk of variations in inequality across countries or over time.

JEL-codes: I3 O4 (search for similar items in EconPapers)
Date: 1999-03
New Economics Papers: this item is included in nep-dev, nep-ind and nep-tid
Note: EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (153)

Published as Hassett, K.A. and R.G. Hubbard (eds.) Inequality and Tax Policy. AEI Press, 2001.

Downloads: (external link)
http://www.nber.org/papers/w7038.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:7038

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w7038

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().