Inequality's Toll on Growth

IMF Blog, June 22, 2015

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Inequality's Toll on Growth

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Bibliographic details

• Authors: iMFdirect
• Published: June 22, 2015

Key Findings

• Inequality is described as "one of the defining issues of our time."
• Making the rich richer by one percentage point lowers GDP growth in a country over five years by 0.08 percentage points.
• Making the poor and the middle class one percentage point richer can raise GDP growth by as much as 0.38 percentage points.

Evidence and Presentation

• The findings are presented in an interview with the authors of a new study and in an accompanying blog post.
• Multimedia: an embedded SoundCloud interview with the authors is included on the page.

Publication Details

• Publication: iMFdirect
• Date: June 22, 2015

Source: IMF blog post "Inequality's Toll on Growth"

References

• interview
• here