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Income inequality revisited 60 years later: Piketty vs Kuznets
[journal article]
Abstract This paper compares two popular views on the evolution of income inequality. The article by Simon Kuznets, which was published in American Economic Review in 1955, considers inequality as a byproduct of economic growth and suggests that a relatively rich economy should also be less unequal. In contr... view more
This paper compares two popular views on the evolution of income inequality. The article by Simon Kuznets, which was published in American Economic Review in 1955, considers inequality as a byproduct of economic growth and suggests that a relatively rich economy should also be less unequal. In contrast, Thomas Piketty indicates that inequality is progressing, and an internationally coordinated policy is required to bring inequality under control. My paper applies the arguments of Kuznets and Piketty to the problem of income inequality in modern Russia.... view less
Keywords
economic growth; income; Russia; difference in income
Classification
Economic Policy
Free Keywords
income inequality; labor income; economic rents; CEOs
Document language
English
Publication Year
2017
Page/Pages
p. 42-53
Journal
Russian Journal of Economics, 3 (2017) 1
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0