UID:
almafu_9958109648602883
Format:
1 online resource (41 pages)
Series Statement:
Policy research working papers.
Content:
Latin America is together with Sub-Saharan Africa the most unequal region of the world. This paper documents recent inequality trends in the Latin American region, going beyond traditional measures of income inequality. The paper also reviews some of the explanations that have been put forward to understand the current situation, and discusses why reducing income inequality should be an important policy priority. In particular, the authors discuss channels through which inequality can affect growth and output volatility. On the whole, the analysis suggests a two-pronged approach to reduce inequality in the region that combines policies aimed at improving the distribution of assets (especially education) with elements aimed at improving the capacity of the state to redistribute income through taxes and transfers.
Language:
English
DOI:
10.1596/1813-9450-4504
URL:
Volltext
(Deutschlandweit zugänglich)
