Definition: A Kuznets curve is a graph with measures of increased economic development (presumed to correlate
with time) on the horizontal axis, and measures of income inequality on the
vertical axis hypothesized by Kuznets (1955) to have an inverted-U-shape.
That is, Kuznets made the proposition when an economy is primarily
agricultural it has a low level of income inequality, that during early
industrialization income inequality increases over time, then at some critical
point it starts to decrease over time. Kuznets (1955) showed evidence for
this.
(Econterms)
Terms related to Kuznets Curve:
None
About.Com Resources on Kuznets Curve:
None
Writing a Term Paper? Here are a few starting points for research on Kuznets Curve:
Books on Kuznets Curve:
None
Journal Articles on Kuznets Curve:
None
