Labour Markets, Institutions and Inequality
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Labour Markets, Institutions and Inequality

Building Just Societies in the 21st Century

Edited by Janine Berg

Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these institutions have been eroded, whilst in other countries they do not exist at all.
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Chapter 2: Economic development and inequality: revisiting the Kuznets curve

Sangheon Lee and Megan Gerecke


The importance of inequality lies in its economic rationale, in its origins in production, and in its consequences in consumption, with due cognizance of the limits and political tolerance for such inequality in roles in production and shares in consumption. (Kuznets, 1965)

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