Inequality at Work

Even if they are in the same occupation and worked at the same time, women have less income than men. Regarding race and gender, labor force has various inequalities. Below we explain age, race, family type, relationship between income and net assets, relationship between education and unemployment, wage disparity between men and women (including reason why women make more or less). There are very unreasonable reasons for programming with some professional working systems.

What is inequality? Wilkinson and Pickett (2009) Stiglitz et al., Although it is impossible to rediscover the importance of inequality for just a moment. (2009), Dorling (2010), and the most famous Piketty (2014) are doing all work. There was always very influence. It is worth noting that these writers occupy different fields and show general rather than concrete discussion on inequality. Piketty not only prove that wealth inequality is growing but also try to prove that the financial resource's ability to benefit from these resources outweighs economic growth, It was evoked interest. This creates a gap between the wealth they accumulate and the wealth they are getting from their income (Savage 2014)

Cultural value and inequality: Important literature review Cultural value of the Arts and Humanities Research Council Report requested by the project

In textbooks, two economists, Simon Kuznets and Arthur Okun, stand outstanding in terms of inequality and growth. In the 1940 's, Kuznets' inequality and economic growth theory considered inequality as inevitable growth pain in the development process. He said that as the country develops, the degree of inequality will rise, but said that the level of inequality will fall as economic growth and living standards rise. Decades later, President Johnson's highest economic adviser, Okun, announced "Equality and Efficiency: Large Weighing." Among them, he explained how inequality produces positive incentives for people's work and investment, and although policies that address inequality may be needed socially , It affects economic growth.

► We examined the impact of income disparity on economic growth. ► If inequality is large, growth at the initial stage of economic development may be hindered. ► As inequality increases, almost stable growth is expected. ► In the metastable state, you can reduce income disparity by raising income tax. ► In the early stages of development income taxes can not reduce income disparity

Despite the large volume of literature on income inequality and economic growth, there are still considerable differences in the impact of inequality on economic growth. Existing documents find positive or negative relationships. In this paper, we try to theoretically verify the relation with stochastic optimum growth model. We express different opinions clearly in one model. We draw conclusions. (I) Both are possible - expansion of inequality hinders growth in the early stages of economic development and can promote nearly stable growth. Distribution does not necessarily reduce income disparity