Many people attribute the Great Recession of 2008–2009 to mismanagement of the financial system by bankers and financial managers, who are in the top 1% of the income distribution, while individuals in lower income quintiles bore the greater burden of the recession through unemployment.

Authors

• Person: Not available Organization: University of Hawaii
  14.5 Government Policies to Reduce Income Inequality

Sources

• 14.5 Government Policies to Reduce Income Inequality pressbooks-dev.oer.hawaii.edu University of Hawaii via serper

Referenced by nodes (2)

• income distribution concept
• financial system concept