Home page > Our news > Inequality Calls for the Proper Diagnosis
Expert views

Inequality Calls for the Proper Diagnosis

By Olivier KLEIN

10/04/2019

France has one of the lowest levels of income inequality, observes Olivier Klein, professor of economics at HEC. But inequality of opportunity in France is much higher than in other OECD countries.

Inequality is a central issue in many countries. In order to know how to take effective action and to avoid exacerbating the situation with inappropriate policies, the proper diagnosis needs to be made.

France has a high rate of income inequality compared to comparable countries. However, owing to a redistribution policy that is among the most extensive of OECD countries, France ranks, after redistribution, among the countries with the lowest income inequality.

This finding is confirmed if we analyse the share of national income received by the richest 1%. While it has tended to rise a little over the years (rising from 9% to 10.5% in 20 years), this increase nevertheless remains far more limited than in neighbouring countries. Over the same period, it has increased from 9% to 13% in Germany, while in the United States it has risen from 15% to 20%. Likewise, the percentage of the French population that lives below the poverty level is not only less than that of most European countries, but it has also been decreasing for 20 years.

Read more

See more

17/05/2022 We support them

Promepar AM supports equal opportunities and the transmission of knowledge

SODEL: socio-educational solidarity project in remote areas of Laos

Read the article
11/05/2022 The Economy Pages

The acquis may obstruct the visibility

The first quarter's french growth have lessened concerns, posting a zero performance over the period. The latter may represent a breather after the FY 2021 results which galvanized economic performance and put upward pressure on prices…

Read the article Download the article
10/05/2022 Expert views

Market analysis & investment strategies

Interview with Arnaud Morel, Director of Mandated Management of Promepar Asset Management

Read the article