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Rising inequality in income and wealth across the OECD has been widely recognised and identified as a major concern; Inequality and Inclusive Growth in Rich Countries links this phenomenon with stagnation in wages and incomes for ordinary working households in order to address the challenge of promoting growth and prosperity.
The concentration of wealth at the top of society is now seen as a threat to social and political stability. Inequality and Inclusive Growth in Rich Countries aims to identify what structures and policies are associated with success or failure in limiting the rise in inequality and promoting income growth for those in the middle and lower reaches of the income distribution. It analyses the varying experiences of ten rich countries over recent decades in depth, revealing that there are indeed responses that governments and societies can adopt, and that stagnation and rising inequality do not have to be accepted, but can be combatted given the political will and capacity.
List of contents
- 1: Brian Nolan: Introduction
- 2: Michael Förster and Brian Nolan: Inequality and Living Standards: Key Trends and Drivers
- 3: Peter Whiteford and Daniel Nethery: Left Behind? Inequality and Inclusive Growth - Assessing the Australian experience
- 4: Ive Marx and Gerlinde Verbist: Belgium, a poster child for inclusive growth?
- 5: Lars Osberg: Canada's Middle Class - Forever Further Behind?
- 6: Philippe Askenazy and Bruno Palier: France: rising precariousness supported by the welfare state
- 7: Gerhard Bosch and Thorsten Kalina: Understanding Rising Income Inequality and Stagnating Ordinary Living Standards in Germany
- 8: Andrea Brandolini, Romina Gambacorta, and Alfonso Rosolia: Inequality Amid Stagnation: Italy Over the Last Quarter of a Century
- 9: Wiemer Salverda and Stefan Thewissen: How has the middle fared in the Netherlands? A tale of stagnation and population shifts
- 10: Luis Ayala and Olga Cantó: The driving forces of rising inequality in Spain: Is there more to it than a deep worsening of low income households' living standards?
- 11: Damian Grimshaw, Anthony Rafferty, and Matt Whittaker: Inequality and inclusive growth: the case of the UK
- 12: Lane Kenworthy: America's Great Decoupling
- 13: Brian Nolan: Conclusions and Implications
About the author
Brian Nolan is Director of the Employment, Equity and Growth Programme at the Institute for New Economic Thinking, Oxford Martin School, Professor of Social Policy at the Department of Social Policy and Intervention, and Senior Research Fellow at Nuffield College Oxford. His main areas of research are income inequality, poverty, and the economics of social policy, on which he has published widely.
Summary
This book addresses the central challenge facing rich countries: how to promote growth and prosperity that is widely shared rather than concentrated at the top. It identifies structures and policies that are associated with limiting the rise in inequality and promoting income growth.
