Growing national income reduces income inequality, education key to leveling playing field.
Increasing a country's national income tends to reduce income inequality within that country. A study looked at various countries and found that for every one percent increase in real GDP per person, income inequality decreased by around 0.08 percentage points. This effect was consistent across different income levels and time periods. The study suggests that investing in education policies that promote fairness and support higher levels of education could help to further reduce income inequality.
