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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: 26 July 2021

Inequality and Living Standards

Inequality and Living Standards

Key Trends and Drivers

(p.11) 2 Inequality and Living Standards
Inequality and Inclusive Growth in Rich Countries

Michael Förster

Brian Nolan

Oxford University Press

This chapter provides an overview of how inequality and living standards have evolved across the rich countries of the OECD in recent decades, of the factors driving income inequality upwards in many of them, and of the channels through which this may undermine real income growth and opportunity for households across the middle and lower parts of the income distribution. It presents an overview of key trends drawing on comparative data from the OECD’s Income Distribution Database. It reviews existing evidence on the drivers of income inequality and on how inequality may affect income growth around the middle. It highlights key gaps in knowledge, to be addressed by the in-depth examination of the varying experiences of a range of rich countries in this book.

Keywords:   inequality, living standards, prosperity, wage stagnation, economic growth, redistribution, trickle down, inclusive growth

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