Publication: Inequality, poverty, and the Kuznets curve In Spain, 1850-2000
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2007-09
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Abstract
In Spain, inequality evolution fits a Kuznets curve. World wars increased
inequality but had non-permanent effects. Progressive taxation had no impact
until 1980. This picture is at odds with Atkinson, Piketty, Saez, and associates’
depiction of western countries. Stolper-Samuelson forces only partially explain
inequality trends. A substantial fall in absolute poverty resulted from growth
but also from inequality reduction in the Interwar and late 1950s. Rising
inequality and extreme poverty were not at the roots of Spain’s Civil War. In
the Golden Age, inequality contraction and absolute poverty eradication
represent a major departure from Latin America’s performance while matches
OECD’s.
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Inequality, Kuznets curve, Poverty, Spain