Why is income inequality necessary for economic growth? If income equality is achieved, will economic growth stagnate?

Intense emotions tend to gather on the issue of income inequality with many scholars rallying the negative impacts of income inequality on economic growth. There may not be one best positive impact of income inequality, but a careful thought on the causal and consequences of income inequali...

全面介紹

Saved in:
書目詳細資料
主要作者: Tan, Melisa Mei Jin
其他作者: Deborah Kay Elms
格式: Theses and Dissertations
語言:English
出版: 2015
主題:
在線閱讀:http://hdl.handle.net/10356/64806
標簽: 添加標簽
沒有標簽, 成為第一個標記此記錄!
機構: Nanyang Technological University
語言: English
實物特徵
總結:Intense emotions tend to gather on the issue of income inequality with many scholars rallying the negative impacts of income inequality on economic growth. There may not be one best positive impact of income inequality, but a careful thought on the causal and consequences of income inequality will shed light that beyond the negativity, positive impacts of income inequality on economic growth are also worth investigating. I argue in this paper that income inequality is necessary for economic growth and I state three such positive impacts. I explore an assumption of zero income inequality where stagnated economic growth is observed. I discuss three plausible means to tackle the issue of income inequality in the paper. Based on the findings, I conclude that income inequality is part and parcel of economic growth. It is an element of economic growth which cannot be eradicated but can be reduced to a reasonable level. In addition, there are measures which policymakers can take to manage the income inequality more effectively. Keywords: income inequality, economic growth, acceptable level of income inequality.