On income distribution and growth

被引:9
|
作者
Baumol, William J.
机构
[1] NYU, Dept Econ, New York, NY 10003 USA
[2] Princeton Univ, Princeton, NJ 08544 USA
关键词
sources of inequality; poverty and growth; inequality and growth;
D O I
10.1016/j.jpolmod.2007.05.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
The notion that substantial inequality is a stimulus to growth is extremely questionable. It is noted that a highly impoverished sector of the population reduces the productivity of the labor force. Moreover, the evidence that independent inventors and innovative entrepreneurs as a group receive compensation below those of equally educated employees indicates that disproportionate earnings are a questionable incentive. (C) 2007 Published by Elsevier Inc. on behalf of Society for Policy Modeling.
引用
收藏
页码:545 / 548
页数:4
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