Does slow growth increase inequality?

 

To test Thomas Piketty's hypothesis that slow growth rates lead to rising inequality, Tim jackson and Peter Victor developed a simple four-sector, demand-driven model of Savings, Inequality and Growth in a MAcroeconomic framework (SIGMA) with exogenous growth and net savings rates. They then used SIGMA to explore the evolution of inequality in the context of declining economic growth...find more information on the PASSAGE website.