This paper is a review of the post-war literature on income distribution and development. It argues that the literature has cycled from one consensus to another, responding to emerging policy issues and new analysis. On the basis of the review, the paper identifies five areas that will command...

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

Distribution and Development -- Distribution and Development A NewLookatthe Developing World -- Contents -- Preface -- The Distributional Effects of Economic Growth -- The Meaning and Measurement of Income Inequality -- Economic Growth and Inequality: A Review of the Empirical Evidence -- The...