Reducing economic inequality as a Sustainable Development Goal: Measuring up the options for beyond 2015

Reducing economic inequality as a Sustainable Development Goal: Measuring up the options for beyond 2015

This report argues that tackling economic inequality is a key factor in fighting poverty and climate change but that the issue being sidelined in global talks on the Sustainable Development Goals (SDGs).

Among the report’s recommendations are that there should be a standalone SDG to end extreme economic inequality with targets for reduction can be set at the national level through public consultations to allow for flexibility. To ensure that these targets are context specific while also challenging, the authors advocate that national governments consult their country’s populations to set targets in line with public preferences.

The Palma ratio is recommended as the primary indicator to measure income inequality. It is argued that this should be supplemented with at least two other indicators: (1) a measure of the distributional gains to growth and (2) a measure of wealth concentration.

[Adapted from source]

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