Inequality’s Toll on Growth

June 18, 2015

Steel workers in New York City. Income inequality is at its highest level in decades with half of the world’s wealth in the hands of 1% of the population (Andrew Stern/Demotix/Corbis)

In This Episode

Study by IMF Staff suggests raising income levels of the poor and middle boosts overall economic growth. Co-authors Kalpana Kochhar and Era Dabla-Norris say the wealth of the rich is not trickling down.

Kalpana Kochhar: Deputy Director, Asia and Pacific Department at the IMF
Era Dabla-Norris: Deputy Chief in Strategy Policy and Review Dept at the IMF
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BEHIND THE MIC

Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.

Rhoda Metcalfe

Journalist

Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.