Report
United States, France: Inequality “at the top†and “at the bottomâ€
We use the term “inequality at the top†to denote income inequality that stems from an increase in the capital income share of national income or from a sharp rise in high incomes; and “inequality at the bottom†to denote income inequality that stems from the presence of people without a job or with only very part-time work and whose income is therefore very low. In the United States, inequality is primarily “at the topâ€; in France, it is primarily “at the bottomâ€. So one cannot propose the same policies to reduce inequality in both countries: the United States should increase the size of its redistributive policies; France should increase its employment rate.
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Natixis
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Patrick Artus
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