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A look at the evolution of income inequality: Piketty against Blacksmith - 60 years later
[Взгляд На Эволюцию Неравенства Доходов: Пикетти Против Кузнеца — 60 Лет Спустя]

Author

Listed:
  • Lyubimov, Ivan (Любимов, Иван)

    (Russian presidental academy of national economy and public administration)

Abstract

The article compares the two interpretations of the evolution of inequality, one of which was presented by Simon Kuznets in 1955, and the other - by Thomas Piketty 2014. If Smith believed that inequality is reduced when the economy is relatively rich, and thus, the mere economic growth enough to, and increase the level of income in the economy, and reduce the level of income inequality, the Piketty shows that inequality in time becomes more and more and requires coordinated efforts of the authorities of different countries to reduce it. In this paper an attempt is made to use some of the results of Kuznets Piketty and to analyze the current situation with the income inequality in Russia.

Suggested Citation

  • Lyubimov, Ivan (Любимов, Иван), 2016. "A look at the evolution of income inequality: Piketty against Blacksmith - 60 years later [Взгляд На Эволюцию Неравенства Доходов: Пикетти Против Кузнеца — 60 Лет Спустя]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 27-42, February.
    • Handle: RePEc:rnp:ecopol:ep1605
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    References listed on IDEAS

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    1. M.M. Makhmudova & A.M. Koroleva & I.V. Denisova, 2018. "Social Differentiation Under Complex Economic Conditions," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 530-538.
    2. M.M. Makhmudova & A.M. Koroleva & I.V. Denisova, 2018. "Social Differentiation Under Complex Economic Conditions," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 530-538.

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    More about this item

    Keywords

    income inequality; economic growth; labor income; annuity; top management;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • 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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