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Inequality and Inclusive Growth in Rich CountriesShared Challenges and Contrasting Fortunes$
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Brian Nolan

Print publication date: 2018

Print ISBN-13: 9780198807032

Published to Oxford Scholarship Online: July 2018

DOI: 10.1093/oso/9780198807032.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 September 2021

Conclusions and Implications

Conclusions and Implications

Chapter:
(p.363) 13 Conclusions and Implications
Source:
Inequality and Inclusive Growth in Rich Countries
Author(s):

Brian Nolan

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198807032.003.0013

This chapter brings together the findings from the ten individual country case-study chapters to highlight the lessons to be learned about inequality and living standards. It highlights the extent to which countries facing what might be thought of as common drivers in terms of globalization and technological change none the less had very different outcomes in terms of increases in inequality and real income growth. This variation did not align neatly with pre-existing welfare-state regimes or economic models, but some common elements can be identified in countries or periods where increases in inequality were limited, and ones where significant real income increases were achieved. The chapter brings out the implications in terms of macroeconomic policy, employment, wage-setting, and labour-market institutions and policies, and redistributive mechanisms as well as broader social provision and supports.

Keywords:   inequality, living standards, prosperity, middle incomes, growth, opportunity, redistribution, inclusive growth

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