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2.46 MB
Extraction Summary
4
People
4
Organizations
1
Locations
0
Events
1
Relationships
3
Quotes
Document Information
Type:
Research report / article
File Size:
2.46 MB
Summary
This document is page 19 of a Standard & Poor's economic research report dated August 5, 2014. It discusses the impact of income inequality on U.S. economic growth, citing various economic theories and studies by researchers such as Berg, Ostry, Okun, and Forbes. The page bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
People (4)
| Name | Role | Context |
|---|---|---|
| Berg | Researcher/Economist |
Cited for research on income inequality and economic growth sustainability.
|
| Ostry | Researcher/Economist |
Cited alongside Berg regarding GINI coefficients and growth.
|
| Arthur Okun | Economist/Author |
Cited for his 1975 book 'Equality and Efficiency: The Big Tradeoff'.
|
| Kristin Forbes | Researcher |
Cited for findings on the relationship between inequality and economic expansion.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Standard & Poor's |
Publisher of the report (indicated by URL in footer).
|
|
| CBO |
Congressional Budget Office, cited for 2010 GINI scale data.
|
|
| World Bank |
Cited for a study on the positive effects of growth on income distribution.
|
|
| House Oversight Committee |
Entity producing the document (indicated by Bates stamp).
|
Locations (1)
| Location | Context |
|---|---|
|
The economy being analyzed in the report.
|
Key Quotes (3)
"Berg and Ostry found that income inequality is the single most important factor in determining which countries can sustain economic growth."Source
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Quote #1
"Arthur Okun argued that pursuing equality can reduce efficiency."Source
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Quote #2
"Kristin Forbes found that, in the short- and medium-terms over a few years, an increase in income inequality has a significant positive relationship with economic expansion"Source
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Quote #3
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