Income Inequality and Economic Growth

This book summarizes the empirical and theoretical literature on the relation between income inequality and economic growth. The focus concentrates on two approaches: the Political Economy approach and the Capital Market Imperfection approach. The diverging results of these approaches are then combined to a single theory that tries to explain the complex relationship between economic growth and inequality. This should lead to a better understanding of the mechanisms that in uence both, income inequality and economic growth and can help to draw useful policy conclusions.

Autorentext

Michael Christl studied Economics and Quantitative Finance in Vienna and is currently working in economic research for the Austrian think tank "Agenda Austria".