Widening Inequality Combined with Modest Growth

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Widening Inequality Combined with Modest Growth

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Title: Widening Inequality Combined with Modest Growth
Author: Friedman, Benjamin Morton
Citation: Friedman, Benjamin M. 2009. Widening inequality combined with modest growth. Challenge 52(3): 76-91. Previously presented at the AEA Annual Meeting, San Francisco 2009.
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Abstract: The author argues that inequality, combined with only modest growth, can have grave moral consequences. History suggests that, in the past, a
rising standard of living has promoted tolerance for others, commitment to economic opportunity, and democracy. But stagnating incomes due to inequality
can lead to the opposite outcomes. The nation’s response to immigration is a good example, says the author.
Published Version: doi:10.2753/0577-5132520304
Other Sources: http://www.economics.harvard.edu/faculty/friedman/files/Widening%2BEquality%2BCombined%2Bwith%2BModest%2BGrowth.pdf
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#OAP
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:4554326
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