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An empirical test of the institutionalist view on income inequality: Economic growth within the United States

Опубликовано на портале: 15-12-2002
American Journal of Economics and Sociology. 2000.  Vol. 59. No. 2. P. 303-313. 
Тематический раздел:
The relationship between income inequality and economic growth within the US is analyzed using state level data. Income inequality in the US since 1960 is described. A two-step causal model is employed to test the institutionalist contention that income inequality leads to socio-political instability, which has a negative impact on economic progress. The empirical results offer support for the institutionalist view.