Inequality and Prosperity Programme
Description
Income inequality has significantly escalated in numerous OECD nations over recent years, presenting not only a concern for fairness but also a considerable threat to enduring growth and prosperity. The rise in inequality stems from various factors such as technological change, globalisation, alterations in labour market institutions, the influence of finance and elevated remuneration, weakened income redistribution, and the heightened concentration of wealth and the resultant income. Despite the lack of consensus among researchers about the relative contribution of these components – largely due to their interconnected nature – the exploration for effective solutions remains nascent. Even global organisations like the OECD and IMF are suggesting broad measures such as prioritising education and training. Consequently, there exists an urgent requirement to comprehend these matters more comprehensively and delineate a coherent set of responses to counteract escalating inequality whilst endorsing inclusive growth.
This programme is examining the diverse causes of economic inequality, its effects on growth and prosperity, and potential remedies. It primarily addresses the rising inequality and its implications, provides substantial insights into the causes and consequences of increasing inequality, and strives to formulate an integrated set of responses that promote inclusive growth.
While it is principally concentrated on the currently affluent countries, it also considers key trends in, and repercussions for, nations aspiring to join them.
Initiated in 2016 as a part of Oxford Martin School's research partnership with Citi, this programme is devoted to promoting inclusive growth. It forms a pivotal part of the research in the Institute for New Economic Thinking at the Oxford Martin School, focusing on employment, equity, and growth.
Offers funding
No, this infrastructure does not provide funding.
Founding year
2016
Contact details
Old Indian Institute Building
34 Broad Street
Oxford
Oxfordshire
OX1 3BD
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Type
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Parent infrastructure(s)
Humanity finds itself at a critical juncture, where rapid changes across various domains, such as technology, population, health, and climate, grant the ability to either annihilate prospects for futu… read more about Oxford Martin School
University affiliation(s)
University of Oxford
Oxford
University of Oxford
Oxford
Last modified:
2024-06-07 16:41:59