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Inequality’s Toll on Growth

June 18, 2015

Steel workers in New York City. Income inequality is at its highest level in decades with half of the world’s wealth in the hands of 1% of the population (Andrew Stern/Demotix/Corbis)

Study by IMF Staff suggests raising income levels of the poor and middle boosts overall economic growth. Co-authors Kalpana Kochhar and Era Dabla-Norris say the wealth of the rich is not trickling down.

Kalpana Kochhar: Deputy Director, Asia and Pacific Department at the IMF
Era Dabla-Norris: Deputy Chief in Strategy Policy and Review Dept at the IMF