Paper/Speech Details of Conference Program for the 26th NISPAcee Annual Conference Program Overview General Session Author(s) Donald Fuller American University of Armenia Yerevan Armenia Title Inequality of Income: Causes and Consequences File Paper files are available only for conference participants, please login first. Presenter Donald Fuller Abstract The paper will explore the inequality of income rather than wealth. Income inequality exists both within countries and among countries. What is the cause? What is the policy problem? Inequality seems to follow a pattern sometimes cyclical and sometime, not. Certain causes include Kuznets waves and economic convergence. Yet temporal changes may change these phenomena. Predictions can fail. Recently, this failure has stymied central bankers and ministers of finance. Rising inequality in the 21st century persists. Central Banks' quantitative easing seems to raise bank balances while not decreasing debt. Implications of automation, robots and artificial intelligence complicate labor wages and disruption of skill bases. The paper will focus on potential challenges for Central and Eastern Europe and broader link to the European Union.
