Over the past 25 years, income inequality has been increasing in many developed countries. For example, from 2007 to 2011 Spain’s Gini coefficient rose by 6.0 percentage points, and Ireland’s by 6.6 percentage points. Evaluate the factors which may have caused this increase in income inequality. Refer to a developed economy of your choice in your answer.

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Factors Behind Rising Income Inequality in Developed Economies The past few decades have seen a troubling trend of rising income inequality in many de... View the full answer