Abstract
The process of industrialization engenders increasing income inequality as the labor force shifts from low-income agriculture to the high income sectors. On more advanced levels of development inequality starts decreasing and industrialized countries are again characterized by low inequality due to the smaller weight of agriculture in production (and income generation).
Keywords
Economic inequalityEconomicsInequalityDevelopment economicsDemographic economicsMathematics
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Publication Info
- Year
- 2019
- Type
- book-chapter
- Pages
- 25-37
- Citations
- 8129
- Access
- Closed
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Cite This
Simon Kuznets
(2019).
Economic Growth and Income Inequality.
The Gap between Rich and Poor
, 25-37.
https://doi.org/10.4324/9780429311208-4
Identifiers
- DOI
- 10.4324/9780429311208-4