Double dividends and mixed blessings
Structural transformation, income inequality and employment dynamics
ARTICLE ON EARLY VIEW: This article focuses on structural transformation, employment, and inequality dynamics. The papers revisit in different ways the seminal works of the pioneers of what can be referred to as the ‘classical school’ of development economics.
First, the work of W. Arthur Lewis, depicting the labour transition from ‘traditional’ or low-productivity sectors to ‘modern’ and high-productivity sectors.
Second, the work of Simon Kuznets, describing the inequality dynamics associated with the labour transition. Finally, the work of Nicholas Kaldor on the role of manufacturing as the engine of growth.