Conventional wisdom about the relationship between income distribution and economic development has been subjected to … dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial … for economic development, the Neoclassical paradigm, which had subsequently dominated the field of macroeconomics …

disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … labour share fall, while its increase in the 2000s prevented inequality from worsening three times more than it actually did …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …

and developing countries between 1970 and 2015. Our main finding is that global earnings inequality has declined … to varying real exchange rates, inequality measures and population definitions. …

comparative development. We also show that ethnic inequality goes in tandem with lower levels development also within countries … countries. We construct measures of ethnic inequality combining ethnolinguistic maps on the spatial distribution of groups with … satellite images of light density at night. Ethnic inequality is strongly inversely related to per capita income; this pattern …

This paper provides an overview of the modern perspective on the relationship between inequality and economic … development. …

details of the various phases of development and the role thatgovernment and government monopoly has played in different …