Fundamental Determinants of Inequality and the Role of Government
24 Pages Posted: 15 Feb 2006
Date Written: December 1998
Abstract
This paper discusses the fundamental determinants of inequality. These are identified as world or market forces, social norms, ownership of real and human capital, and the role of government. The change in the relative role of these factors in determining inequality during economic development is analyzed.
Keywords: Inequality, Social Norms, Role of Governments, Positional Rents, Social Capital
JEL Classification: D31, D63, D72, E62, H1, H5, D11
Suggested Citation: Suggested Citation
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