We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Reducing income inequality while boosting economic growth - Research Paper Example

Comments (0) Cite this document
Summary
This paper aims to establish the ways, how inequality in income can be reduced simultaneously with endorsing economic development in certain OECD countries. The analysis highlights ‘win- win’ policies that reduce inequality and encourage growth at the same time in the countries…
Download full paper
GRAB THE BEST PAPER
Reducing income inequality while boosting economic growth
Read TextPreview

Extract of sample
Reducing income inequality while boosting economic growth

Download file to see previous pages... OECD countries entail five groups with regard to their patterns of inequality. For instance, nations like Australia, Ireland and United Kingdom and the Holland reflect dispersed wages and high part- time employment share, putting inequality in labor earning at above the average of the OECD. Means- investigated transfers of public cash and progressive taxes for household reduce the general inequality in income, but it retains its position above the average of the OECD. Similarly, some Nordic nations and Switzerland all entail comparatively low income of labor inequality due to narrow dispersion of wages and high rates of employment. Can transfers are normally universal; hence, they are less redistributive. Inequality in income for such a group is significantly below the average of the OECD. Empirical analysis by Garicano reveals that despite the critical role played by technological change and globalization in fueling labor income distribution, the variation in marked cross- country is certainly because of differences in institutions and policies. Consequently, a scholar can deduce the following conclusions about the policies and the institutions: firstly, policies of education matter. Policies that raise rates of graduation from upper education and tertiary education as well as advance uniform education access help diminish inequality. Secondly, well- designed policies institutions of labor market can decrease inequality. A significantly high minimum wage minimizes distribution in labor income, however if set at a high level it may diminish employment; hence, dampening its influence on inequality- reducing. Arrangements of institutions that uphold trade unions...
The paper presents a modern comprehensive analysis of the state of income inequality in the OECD countries, identifies factors behind such income distribution and offers policy measures to reduce inequality, while maintaining high levels of development. The paper identifies patterns of inequality between OECD countries and demonstrates a new analysis of policy together with non-policy drivers in the countries
It has sketched a comprehensive portrait of rising inequality in income among the OECD.It has reviewed changes in the factors, that stipulate such state of things, and it has examined their significant influence on inequality. Particularly, it has examined the role of technological changes and globalization as well as regulatory reforms in tax regulations and benefit. It has assessed what a government can do in addressing rising inequality and it has concluded by examining the likely certain policy avenues.
The analysis revealed that income inequality prior to transfers and taxes is entirely driven by labor income diversion and the existence of inactivity and part- time employment.
A significant finding reveals that education and policies of anti- discrimination, fully developed institutions of labor market and progressive systems of tax transfer can all help moderate inequality in income. Certain tax reforms and systems of transfer comprise a double divided in inequality diminution and increase of GDP per capita. The paper discussed other reforms such as trade- offs between the policy objectives ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Reducing income inequality while boosting economic growth Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1404248-unemployment-rate-and-economic-growth-in-the
(Reducing Income Inequality While Boosting Economic Growth Research Paper)
https://studentshare.org/macro-microeconomics/1404248-unemployment-rate-and-economic-growth-in-the.
“Reducing Income Inequality While Boosting Economic Growth Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1404248-unemployment-rate-and-economic-growth-in-the.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Economic Growth Rate
4 In your analysis, what role do fiscal and monetary policies have to lead to higher or lower budget deficits? 5 How do budget deficits affect overall long-term economic growth and the debt that the U.S. has to contend with? 5 Restatement of the thesis 6 Conclusion 7 References 8 Introduction There is a correlation between the federal budget and economy.
5 Pages(1250 words)Research Paper
How the threat of an imminent fiscal cliff is directly related to income inequality
Studies show that most of the fruits of development have been accrued by the top earners and the high middle class while the society on the lower tier of the income pyramid remained out of purview. Introduction The fiscal cliff of United States is now the topic of discussion mainly due to the harmful effects it can have on global economies if remains unchecked.
8 Pages(2000 words)Research Paper
Technological Change and Economic Growth
Particularly, this technological change has not remained as a notion in isolation but it has resulted in globalisation that has turned the whole world into a small global village where different countries are now connected with each other and actions of one country affect processes in another country.
6 Pages(1500 words)Research Paper
Thailand's Economic Development and Growth
The main research question aims to find out the impact of economic growth on three main indicators of economic development namely, health, literacy and incidence of poverty and inequality. This is a qualitative paper drawing its conclusions mainly from quantitative analysis done by institutions such as, the Bank of Thailand and Asian Development Bank.
13 Pages(3250 words)Research Paper
Economic Growth and Development
Economic growth results from the increased production and consumption of a country’s goods and services. Should these goods and services be of the right kind, they benefit the people and thus improve their quality of life and economy. However, economic growth does not necessarily lead to economic development
3 Pages(750 words)Research Paper
China's Economic Growth
Since the initiation of market reforms in 1978, China has turned from a centrally organized to a market founded economy and experienced swift monetary and social growth. Gross Domestic Product increase averaging almost 10 percent a year has advanced more than 500 million
5 Pages(1250 words)Research Paper
Impact of economic development on social services/society
This is to say that economic development is noticeable since it has to bring an impact to the society. However, the impacts may be positive and or negative and therefore
10 Pages(2500 words)Research Paper
Explaining the reasons for income inequality in the US
The main reasons for the growing level of income inequality among the population of the country are important to be identified and prevented because a long term inequality in income within the
8 Pages(2000 words)Research Paper
Globalization Influences Poverty And Income Inequality
According to the report globalization is the effect of the subsequent phenomena: technological transfers, acceleration migration and the upsurge of the uninterrupted foreign investments, the extraordinary growth of the capitals markets, which require a greater free will of movement, and the evasion of the barriers to the global commerce.
10 Pages(2500 words)Research Paper
Poverty, Income Inequality, and Community Crime Rates
This paper examines this important connection with a specific focus on the positive correlation between relative and absolute poverty and rates of violent crime and burglary in the U.S., and compares the Gini coefficient and indicators of poverty, such as unemployment and income distribution, in the areas of concern.
11 Pages(2750 words)Research Paper
Let us find you another Research Paper on topic Reducing income inequality while boosting economic growth for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us