Working Paper Series
How Can Economic Policy Strike a Balance between Economic Efficiency and Income Equality?
Abstract: Can income equality be combined with high economic
efficiency and rapid economic growth? Fortunately, we need not to answer
such a general question. Indeed, the question is poorly phrased. The
relationship between income and wealth distribution, on one hand, and
efficiency/growth, on the other, depends on how a certain distribution of
income and wealth has come about.
Keywords: Income; Economic growth; Wealth; (follow links to similar papers)
JEL-Codes: E20; E25; O47; (follow links to similar papers)
39 pages, September 25, 1998
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