Commentary: Economic Consequences of Income Inequality
نویسنده
چکیده
The topic of rising income inequality is an Anglo-Saxon problem. According to World Bank data for a large sample of countries, Gini coefficients on market income have increased in the last four decades for the Unites States, the United Kingdom, and New Zealand (Table 1 in the Appendix). The trend is insignificant for most of the other large industrialized countries, among them (West) Germany,,1,2 and for some developing countries including the Asian newly industrialized countries (NICs). For France3 and Italy, two of the larger continental European countries, it is even negative. This picture is more or less confirmed by the Luxembourg Income Study for most of the Organization for Economic Cooperation and Development (OECD) countries (Table 2). In the 1980s and early 1990s, the Gini coefficients for disposable income increased for the Anglo-Saxon countries, now also including Australia; they also rose for the Netherlands, Sweden, and Japan. For the other OECD countries, there was no significant trend. In most countries, income distribution seems to be quite persistent.
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