KUZNETS INVERTED U HYPOTHESIS | DEVELOPMENT ECONOMICS | LEARN OIKONOMIA

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THIS VIDEO DISCUSSES KUZNETS INVERTED U HYPOTHESIS
Kuznets believed that inequality would follow an inverted "U" shape as it rises and then falls again with the increase of income per-capita. Kuznets had two similar explanations for this historical phenomenon: workers migrated from agriculture to industry; and. rural workers moved to urban jobs.

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