TY  - JOUR
AU  - Barro,Robert J.
TI  - Inequality, Growth, and Investment
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7038
PY  - 1999
Y2  - March 1999
UR  - http://www.nber.org/papers/w7038
L1  - http://www.nber.org/papers/w7038.pdf
N1  - Author contact info:
Robert J. Barro
Department of Economics
Littauer Center 218
Harvard University
Cambridge, MA 02138
Tel: 617/495-3203
Fax: 617/496-8629
E-Mail: rbarro@harvard.edu
M2  - featured in NBER digest on 1999-08-01
AB  - Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment.  However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in richer places.  The Kuznets curve-whereby inequality first increases and later decreases during the process of economic development-emerges as a clear empirical regularity.  However does not explain the bulk of variations in inequality across countries or over time.
ER  -