Labour Markets, Institutions and Inequality

Labour Markets, Institutions and Inequality

Building Just Societies in the 21st Century

Edited by Janine Berg

Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these institutions have been eroded, whilst in other countries they do not exist at all.

Chapter 2: Economic development and inequality: revisiting the Kuznets curve

Sangheon Lee and Megan Gerecke

Subjects: development studies, development economics, economics and finance, development economics, labour economics, social policy and sociology, labour policy

Extract

The importance of inequality lies in its economic rationale, in its origins in production, and in its consequences in consumption, with due cognizance of the limits and political tolerance for such inequality in roles in production and shares in consumption. (Kuznets, 1965)

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information