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Income inequalities tend to be larger in poorer countries. As countries develop, the personal distribution of income tends to become more equal. Why is this the case?

Income inequalities tend to be larger in poorer countries. As countries develop, the personal distribution of income tends to become more equal. Why is this the case?

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter28: Income Inequality And Poverty
Section: Chapter Questions
Problem 1CQ
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Income inequalities tend to be larger in poorer countries. As countries develop, the personal distribution of income tends to become more equal. Why is this the case?

 
 
 
 
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