Countries with greater income inequality also tend to have less intergenerational mobility. This relationship, as referred by Krueger (2012), is called “The Great Gatsby Curve.” Criticisms on this curve have brought to notice several limitations of previous studies: a few number of...

There are conflicting views of the primary role of income inequality in economic development. Many expect that higher income shares at the top reflect substantial economic contributions while others think that these increases in top shares have not translated into higher economic growth....