Kuznets curve
E910276
The Kuznets curve is an economic hypothesis proposing an inverted U-shaped relationship between a country's income level and income inequality, where inequality first rises and then falls as development progresses.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
economic hypothesis
ⓘ
empirical regularity ⓘ |
| associatedWith |
modernization theory
ⓘ
trickle-down hypothesis NERFINISHED ⓘ |
| assumes |
initial concentration of gains from growth
ⓘ
later spread of education and political power ⓘ shift of labor from agriculture to industry ⓘ |
| basedOn |
cross-country data
ⓘ
historical data for developed countries ⓘ |
| criticizedFor |
assuming universal pattern across countries
ⓘ
ignoring political and institutional factors ⓘ sample selection issues ⓘ weak empirical support in later data ⓘ |
| describes | relationship between income level and income inequality ⓘ |
| domain |
cross-sectional country data
ⓘ
long-run time series ⓘ |
| empiricalStatus |
contested
ⓘ
mixed evidence ⓘ |
| field |
development economics
ⓘ
economics ⓘ income distribution ⓘ labor economics ⓘ |
| hasVariant | environmental Kuznets curve NERFINISHED ⓘ |
| influenced |
development policy debates
ⓘ
research on inequality and growth ⓘ |
| mathematicalForm | nonlinear relationship ⓘ |
| namedAfter | Simon Kuznets NERFINISHED ⓘ |
| notablePublication | Economic Growth and Income Inequality NERFINISHED ⓘ |
| policyImplication |
growth alone may eventually reduce inequality
ⓘ
timing of redistribution policies is important ⓘ |
| proposes | inequality first rises then falls with economic development ⓘ |
| publicationYear | 1955 ⓘ |
| relatedConcept |
Great U-Turn
NERFINISHED
ⓘ
Piketty’s r > g hypothesis ⓘ |
| relatesTo |
Gini coefficient
NERFINISHED
ⓘ
economic development stages ⓘ economic growth ⓘ income inequality ⓘ industrialization ⓘ structural transformation ⓘ urbanization ⓘ |
| shape | inverted U ⓘ |
| suggests |
inequality decreases at high income levels
ⓘ
inequality increases in early development ⓘ inequality is low at low income levels ⓘ |
| timePeriodProposed | 1950s ⓘ |
| usedAs | framework for analyzing inequality over development ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.