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Equality and efficiency

The illusory tradeoff

Dados Bibliográficos

ID6259136
AutoresLane Kenworthy (0000-0003-4890-7501, Rochester Institute of Technology, autor correspondente)
Ano1995
Volume27
Fascículo2
Páginas225-254
Data de publicação1995-02-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEuropean Journal of Political Research (JOURNAL)
Identificadores do periódicoISSN: 0304-4130 • E-ISSN: 1475-6765
EditoraWiley (PUBLISHER • GB)
DOI10.1111/j.1475-6765.1995.tb00637.x
OpenAlexW1968572776
IdiomaEN
Citações recebidas10
Referências citadas66

Scholars and policy makers have traditionally assumed that nations face a tradeoff between income equality and economic efficiency. Greater equality is believed to reduce investment and dampen work incentives. A heterodox view suggests that a more egalitarian distribution of income may have beneficial efficiency effects by augmenting consumer demand and/or encouraging workers to cooperate in upgrading competitiveness. This paper offers an empirical assessment of the relationship between equality and efficiency, based on cross‐sectional data from 17 advanced industrialized economies over the period 1974–90. The comparative evidence indicates no adverse impact of greater equality on investment or work effort, nor on growth of productivity or output, trade balances, inflation, or unemployment. On the contrary, higher levels of equality are associated with stronger productivity growth and trade performance, and possibly with higher investment and lower inflation

Distribution (mathematics · Economics · Incentive · Income distribution · Inequality · Inflation (cosmology · Investment (military · Labour economics · Macroeconomics · Microeconomics · Productivity · Unemployment · Work (physics · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · Labor market dynamics and wage inequality

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Obras citantes distintas10
Citações por ano0,33
Intervalo de citações1996 - 2025 (30)
Velocidade de citaçãorecent
Altamente citadoNão
Tipos de citaçãoNeutras: 10
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