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The New Palgrave Dictionary of Economics pp 1–5Cite as

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Growth and Inequality (Macro Perspectives)

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Abstract

This article provides a review of studies that examine the relationship between economic growth and inequality. These studies are divided into two groups. The first emphasizes the channels through which inequality affects growth, while the second emphasizes the opposite channel, where economic growth affects inequality. Although several empirical studies find a significant correlation between inequality and growth, it is still an open question as to whether the correlation is driven by the first or the second channel.

This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Vincenzo Quadrini

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  1. Vincenzo Quadrini
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    Quadrini, V. (2008). Growth and Inequality (Macro Perspectives). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2078-1

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    • DOI: https://doi.org/10.1057/978-1-349-95121-5_2078-1

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    • Publisher Name: Palgrave Macmillan, London

    • Online ISBN: 978-1-349-95121-5

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