To Reduce Inequality, Employ Young People
from the International Monetary Fund
– this post authored by Burcu Hacibedel and Priscilla Muthoora
Rising economic growth has reduced inequality in low-income and emerging market countries over the years. In good economic times, young people working helps reduce inequality in both groups of countries. But when growth slows down and jobs are lost, more young people out of work in low-income countries leads to a rise in inequality. In emerging markets, the story is a bit different and we’ll explain why.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201906180522
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