Inequality of Opportunity, Inequality of Income and Economic Growth /

We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects-for...

Description complète

Détails bibliographiques
Auteur principal: Aiyar, Shekhar
Autres auteurs: Ebeke, Christian
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2019.
Collection:IMF Working Papers; Working Paper ; No. 2019/034
Accès en ligne:Full text available on IMF
LEADER 01907cas a2200253 a 4500
001 AALejournalIMF019048
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781484396988 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Aiyar, Shekhar. 
245 1 0 |a Inequality of Opportunity, Inequality of Income and Economic Growth /  |c Shekhar Aiyar, Christian Ebeke. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects-for example by hindering human capital accumulation- thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive. 
538 |a Mode of access: Internet 
700 1 |a Ebeke, Christian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/034 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/034/001.2019.issue-034-en.xml  |z IMF e-Library