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

05/01/2021 Monthly Market Newsletter

Le meilleur reste encore à venir

Après un mois de novembre boursier tout simplement fantastique, décembre 2020 fait un peu pâle figure malgré une tendance restée très positive [...]

Read the article Download the article
05/01/2021 Expert views

La BRED accueille ses clients 100% sur rendez-vous

Interview d'Olivier Klein, directeur général de la BRED

Read the article
05/01/2021 SRI news flash

January 2021

L'actualité de l'économie responsable !

Download the article