Inequality and Poverty in the United States: Public Policies for Inclusive Growth
Income inequality and relative poverty in the United States are among the highest in the OECD and have substantially increased over the past decades. These developments have been associated with a number of other worrying statistics, including low intergenerational social mobility and weak real inco...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Paris
OECD Publishing
2013
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Schriftenreihe: | OECD Economics Department Working Papers
no.1052 |
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | Income inequality and relative poverty in the United States are among the highest in the OECD and have substantially increased over the past decades. These developments have been associated with a number of other worrying statistics, including low intergenerational social mobility and weak real income growth for many households. A more inclusive pattern of growth would require less pronounced gaps in outcomes and opportunities across social groups and a broader sharing of the benefits of growth. The present paper analyses the causes of US income inequality and relative poverty in an OECD context, especially the role of the tax-and-transfer system, and suggests public policies to promote inclusive growth. To a significant degree, high income inequality is attributable to the large dispersion of earned income, which should be addressed by reforming education, so as to provide disadvantaged students with the skills needed to fully realise their potential. In addition, taxes and transfers contribute less to income redistribution than in other OECD countries. If well designed, reforms that promote inclusive growth could also help reduce the market distortions resulting from the current tax-and-transfer system. In particular, phasing out personal and corporate tax expenditures that disproportionately benefit high earners would lower income inequality and improve resource allocation. As well, social transfers could be more effective in alleviating poverty through better targeting of the truly needy while reducing administrative complexity. |
Beschreibung: | 1 Online-Ressource (75 p.) 21 x 29.7cm. |
DOI: | 10.1787/5k46957cwv8q-en |
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spelling | Denk, Oliver VerfasserIn aut Inequality and Poverty in the United States Public Policies for Inclusive Growth Oliver, Denk ... [et al] = Inégalités et pauvreté aux États-Unis : Des politiques publiques en faveur d'une croissance inclusive / Oliver, Denk ... [et al] Inégalités et pauvreté aux États-Unis Paris OECD Publishing 2013 1 Online-Ressource (75 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1052 Income inequality and relative poverty in the United States are among the highest in the OECD and have substantially increased over the past decades. These developments have been associated with a number of other worrying statistics, including low intergenerational social mobility and weak real income growth for many households. A more inclusive pattern of growth would require less pronounced gaps in outcomes and opportunities across social groups and a broader sharing of the benefits of growth. The present paper analyses the causes of US income inequality and relative poverty in an OECD context, especially the role of the tax-and-transfer system, and suggests public policies to promote inclusive growth. To a significant degree, high income inequality is attributable to the large dispersion of earned income, which should be addressed by reforming education, so as to provide disadvantaged students with the skills needed to fully realise their potential. In addition, taxes and transfers contribute less to income redistribution than in other OECD countries. If well designed, reforms that promote inclusive growth could also help reduce the market distortions resulting from the current tax-and-transfer system. In particular, phasing out personal and corporate tax expenditures that disproportionately benefit high earners would lower income inequality and improve resource allocation. As well, social transfers could be more effective in alleviating poverty through better targeting of the truly needy while reducing administrative complexity. Social Issues/Migration/Health Economics United States Hagemann, Robert P... MitwirkendeR ctb Lenain, Patrick MitwirkendeR ctb Somma, Valentin MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k46957cwv8q-en Volltext |
spellingShingle | Denk, Oliver Inequality and Poverty in the United States Public Policies for Inclusive Growth Social Issues/Migration/Health Economics United States |
title | Inequality and Poverty in the United States Public Policies for Inclusive Growth |
title_alt | Inégalités et pauvreté aux États-Unis |
title_auth | Inequality and Poverty in the United States Public Policies for Inclusive Growth |
title_exact_search | Inequality and Poverty in the United States Public Policies for Inclusive Growth |
title_full | Inequality and Poverty in the United States Public Policies for Inclusive Growth Oliver, Denk ... [et al] = Inégalités et pauvreté aux États-Unis : Des politiques publiques en faveur d'une croissance inclusive / Oliver, Denk ... [et al] |
title_fullStr | Inequality and Poverty in the United States Public Policies for Inclusive Growth Oliver, Denk ... [et al] = Inégalités et pauvreté aux États-Unis : Des politiques publiques en faveur d'une croissance inclusive / Oliver, Denk ... [et al] |
title_full_unstemmed | Inequality and Poverty in the United States Public Policies for Inclusive Growth Oliver, Denk ... [et al] = Inégalités et pauvreté aux États-Unis : Des politiques publiques en faveur d'une croissance inclusive / Oliver, Denk ... [et al] |
title_short | Inequality and Poverty in the United States |
title_sort | inequality and poverty in the united states public policies for inclusive growth |
title_sub | Public Policies for Inclusive Growth |
topic | Social Issues/Migration/Health Economics United States |
topic_facet | Social Issues/Migration/Health Economics United States |
url | https://doi.org/10.1787/5k46957cwv8q-en |
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