Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. African Department.
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| ISBN: | 1283554593
9781283554596
1451890583
9781451890587
1462376339
9781462376339
1452706921
9781452706924
9786613867049
6613867047
9781451928549
1451928548
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| Notes: | Includes bibliographical references (pages 32-34).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The distribution of income in a country is traditionally assumed to shift from relative equality to inequality and back to greater equality as the country develops. Intuitively, inequality will rise as some people move away from prevailing traditional activities, which yield a low marginal product, into more productive ventures. At some point, the marginal product of all economic activities converges and income differences narrow. Based on this reasoning, the so-called Kuznets hypothesis (Kuznets, 1955) postulates a nonlinear relationship between a measure of income distribution and the level of economic development. Income distribution is also a concern of policy makers: government policies can, by design, change income distribution to some degree through taxes, transfers, public sector employment, and other policy instruments.
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| Other form: | Print version: Buliř, Aleš. Income inequality. [Washington, D.C.] : International Monetary Fund, African Dept., ©1998
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| Standard no.: | 10.5089/9781451890587.001
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