2017
DOI: 10.3390/socsci6040147
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Is Economic Inequality Really a Problem? A Review of the Arguments

Abstract: Increasing economic inequality in recent years has triggered an outpouring of analysis and reflection on the causes and consequences of these changes. Several commentators have argued that inequality does not merit all the attention it has been receiving noting that the focus on inequality can divert attention from the real problem, which is poverty. This article reviews the arguments for and against this position, highlighting the effects of economic inequality on economic growth and efficiency, politics and … Show more

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Cited by 48 publications
(29 citation statements)
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“…Cultural factors and socioeconomic challenges may both play a role in contributing to these differences (Naveed et al, 2017). For example, higher rates of psychological difficulties among Pakistani students could be contributed to by poor educational policies, a lack of trained mental health professionals, limited opportunities, an unmeritocratic job market, and the generally poor economic and political condition of the country (Peterson, 2017). Moreover, social discrimination, peer pressure (Bukhari and Khanam, 2015), unhygienic food in communal accommodation (Memon et al, 2018), restrictions in the campus as well as hostels (Ghani, 2017), declining trends in sports and exercise (Tausif, 2017), excessive use of the Internet (Awan, 2015), and an often unsafe environment, particularly for women ("Pakistan ranked fourth among worst countries for women-Pakistan," Dawn, 2017), who were in the majority in our sample, may also contribute to higher prevalence of symptoms of psychological disorders among Pakistani students.…”
Section: Discussionmentioning
confidence: 99%
“…Cultural factors and socioeconomic challenges may both play a role in contributing to these differences (Naveed et al, 2017). For example, higher rates of psychological difficulties among Pakistani students could be contributed to by poor educational policies, a lack of trained mental health professionals, limited opportunities, an unmeritocratic job market, and the generally poor economic and political condition of the country (Peterson, 2017). Moreover, social discrimination, peer pressure (Bukhari and Khanam, 2015), unhygienic food in communal accommodation (Memon et al, 2018), restrictions in the campus as well as hostels (Ghani, 2017), declining trends in sports and exercise (Tausif, 2017), excessive use of the Internet (Awan, 2015), and an often unsafe environment, particularly for women ("Pakistan ranked fourth among worst countries for women-Pakistan," Dawn, 2017), who were in the majority in our sample, may also contribute to higher prevalence of symptoms of psychological disorders among Pakistani students.…”
Section: Discussionmentioning
confidence: 99%
“…About the insignificant effect of income inequality on poverty in the long run, perhaps, it is worth considering some arguments stating that inequality does not need to get all the attention to distract from the real problem (Peterson, 2017). Brückner & Lederman (2015) believed that inequality would only be related to economic growth because the rich save more than middle-lower income groups by generating more investment resources.…”
Section: Resultsmentioning
confidence: 99%
“…Per Capita Income in Africa as a Percentage of Per Capita Income in High‐income Countries Source : Data extracted from Peterson () using the World Bank's World Development Indicators.…”
Section: Convergence Illusionmentioning
confidence: 99%