Mitigating the inequality crisis

Guillaume Allegre (1)

1 OFCE - Observatoire français des conjonctures économiques (Sciences Po)

The low growth performance in the European Union (EU) in the last decade has increased concerns regarding income inequality. Since the early 1980s, inequality has been on the rise in most countries and world regions. According to the World Wealth and Income Database, the top 10% pre-tax income share has grown in China from 27.2% in 1980 to 41.4% in 2016, in India from 31.5% to 55.5%, in Northern America from 34.2% to 46.7%, and in Europe from 32.6% to 37.1% (WID. world 2017). Inequality is therefore lower in Europe and has grown less rapidly than in other world regions. [First lines]

Mots clés: Inequality; Crisis; Social cost; Economic cost

Domaines: Economies et finances

Guillaume Allegre. Mitigating the inequality crisis. Jérôme Creel; Eloi Laurent; Jacques Le Cacheux. Report on the State of the European Union, Palgrave Macmillan; Palgrave Macmillan, pp.133 - 146, 2018, 9783319983646. ⟨hal-03397463⟩