Kuznets Curve Hypothesis
쿠즈네츠 곡선
A classical development economics hypothesis proposing that economic development initially leads to rising income inequality during early industrialization, followed by a subsequent decline at mature stages.
| Field | Economics · Sociology |
|---|---|
| Level of analysis | Macro · Structures & Institutions |
| Paradigm | Evolutionary Approach Structuralism |
| Key figures | 👤 Simon Kuznets (사이먼 쿠즈네츠) |
| Year | 1955 |
Key Claims
Simon Kuznets postulated that market-driven industrialization generates an inverted-U relationship between per capita GDP and economic inequality. Early rural-to-urban shifts widen wage disparities, but democratization and universal human capital investments eventually equalize income distribution.
Further Reading
- Kuznets, S. (1955). Economic growth and income inequality. American Economic Review, 45(1), 1–28.
Related theories 2개
A foundational theoretical framework in sociology addressing Social Stratification Theory at the macro level of analysis.
A foundational theoretical framework in economics addressing Endogenous Growth Theory at the macro level of analysis.