Economic Costs of Inequality

McAdams, Richard

doi:10.2139/ssrn.1028874

Abstract

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Economic Costs of Inequality

Richard H. McAdams

University of Chicago Law School

November 2007

U of Chicago Law & Economics, Olin Working Paper No. 370
U of Chicago, Public Law Working Paper No. 189

Abstract:
This brief chapter surveys some of the economic literature concerning the instrumental costs of material inequality. Economic theory predicts, and econometric evidence finds, that inequality increases crime and political corruption and, in certain circumstances, constrains growth.

Number of Pages in PDF File: 32

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Date posted: November 10, 2007

Suggested Citation

McAdams, Richard H., Economic Costs of Inequality (November 2007). U of Chicago Law & Economics, Olin Working Paper No. 370; U of Chicago, Public Law Working Paper No. 189. Available at SSRN: http://ssrn.com/abstract=1028874 or http://dx.doi.org/10.2139/ssrn.1028874

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Richard H. McAdams (Contact Author)

University of Chicago Law School ( email )

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