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How Can Economic Policy Strike a Balance between Economic Efficiency and Income Equality?

Author

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  • Lindbeck, Assar

    (Research Institute of Industrial Economics (IFN))

Abstract
Can income equality be combined with high economic efficiency and rapid economic growth? Fortunately, we need not to answer such a general question. Indeed, the question is poorly phrased. The relationship between income and wealth distribution, on one hand, and efficiency/growth, on the other, depends on how a certain distribution of income and wealth has come about.

Suggested Citation

  • Lindbeck, Assar, 1998. "How Can Economic Policy Strike a Balance between Economic Efficiency and Income Equality?," Working Paper Series 505, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0505
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    References listed on IDEAS

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    Cited by:

    1. Berthold, Norbert & von Berchem, Sascha, 2003. "Die Sozialhilfe zwischen Effizienz und Gerechtigkeit: wie kann der Spagat gelingen?," Discussion Paper Series 62, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.

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    More about this item

    Keywords

    Income; Economic growth; Wealth;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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