| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 968205 | Journal of Policy Modeling | 2007 | 4 Pages |
Abstract
The notion that substantial inequality is a stimulus to growth is extremely questionable. It is noted that a highly impoverished sector of the population reduces the productivity of the labor force. Moreover, the evidence that independent inventors and innovative entrepreneurs as a group receive compensation below those of equally educated employees indicates that disproportionate earnings are a questionable incentive.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
William J. Baumol,