Concentration of wealth and income in post-pandemic Latin-America: Measurement, results, and perspective

Germán Alarco

MPRA Paper from University Library of Munich, Germany

Abstract: High inequality of wealth and income (or its concentration) is nowadays an international concern, although in many of Latin American countries the only concern is to reduce poverty due to a vision associated with the trickle-down economy (Roberts, 2022). Even for the World Economic Forum (2019), which brings together the world's great business and political leaders, it was pointed out as one of the main trends and risks in the world economy. Increasing wealth and income disparities shares priority with climate change, population ageing, water crisis and increasing polarization of societies that contributes to deep social instability. In the wake of the Covid-19 pandemic, Roubini (2020) raised the possibility of a new lost decade until 2030. Here converge geostrategic conflicts, higher public spending and deficits, the impacts of new technologies that are not very employable, the higher levels of inequality and deglobalization, among others.

Keywords: income inequality; welth concentration; pandemics (search for similar items in EconPapers)
JEL-codes: O1 O15 (search for similar items in EconPapers)
Date: 2023-11
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