Income Inequality and Economic Growth: Evidence from the American Data
Peer Reviewed
Date issued
August 1999
Subject
Fiscal Policy
JEL code
D31 - Personal Income, Wealth, and Their Distributions;
E62 - Fiscal Policy;
I22 - Educational Finance • Financial Aid;
O41 - One, Two, and Multisector Growth Models;
P16 - Political Economy
Country
United States
Category
Working Papers
Cross-country studies have found a negative relationship between income inequality and economic growth. The main problem with the cross-country analyses is the poor quality of the data on income distribution. This paper tests the robustness of the cross-country results to the use of a more accurate cross- state data-set.
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