Economic Inequality and Its Socioeconomic Impact

Economic Inequality and Its Socioeconomic Impact Income inequality is of fundamental interest not only to economists, but also to other social scientists. A substantial literature in economics and the social sciences has investigated the relationship between income inequality and economic growth, and a variety of social phenomena. The links between inequality and economic growth are explored as well as those between inequality and such key social variables as political conflict, education, health, and crime. The analysis in this paper follows a two-step process. First, a review of the empirical evidence relating inequality to growth and to each of the above social variables is undertaken. Second, the various causal mechanisms that have been proposed in the social science literature to explain those links are surveyed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png World Development Elsevier

Economic Inequality and Its Socioeconomic Impact

World Development, Volume 30 (9) – Sep 1, 2002

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Publisher
Elsevier
Copyright
Copyright © 2002 Elsevier Science Ltd
ISSN
0305-750X
eISSN
1873-5991
D.O.I.
10.1016/S0305-750X(02)00052-9
Publisher site
See Article on Publisher Site

Abstract

Income inequality is of fundamental interest not only to economists, but also to other social scientists. A substantial literature in economics and the social sciences has investigated the relationship between income inequality and economic growth, and a variety of social phenomena. The links between inequality and economic growth are explored as well as those between inequality and such key social variables as political conflict, education, health, and crime. The analysis in this paper follows a two-step process. First, a review of the empirical evidence relating inequality to growth and to each of the above social variables is undertaken. Second, the various causal mechanisms that have been proposed in the social science literature to explain those links are surveyed.

Journal

World DevelopmentElsevier

Published: Sep 1, 2002

References

  • A theory of trickle-down growth and development
    Agion, P.; Bolton, P.
  • Endogeneous growth theory
    Aghion, P.; Howitt, P.
  • On economic causes of civil war
    Collier, P.; Hoeffler, A.
  • Income inequality and population health
    Judge, K.; Mulligan, J.A.; Benzeval, M.
  • Income inequality and mortality in metropolitan areas of the United States
    Lynch, J.W.; Kaplan, G.A.; Pamuk, E.R.
  • The impact of economic hardship on black families and children: psychological distress, parenting and socioemotional development
    McLoyd, V.
  • Educational expansion and educational inequality on income distribution
    Park, K.H.
  • Market signaling
    Spence, M.
  • Mortality, the social environment, crime and violence
    Wilkinson, R.G.; Kawachi, I.; Kennedy, B.

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