01708cas a2200229 a 4500 AALejournalIMF021521 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513569475 1018-5941 BD-DhAAL BD-DhAAL Income Inequality in Small States and the Caribbean : Stylized Facts and Determinants. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and deeper economic integration including financial market openness is associated with lower income inequality, whereas elevated debt levels limit fiscal space and are associated with higher income inequality. An important policy implication is that well targeted social sector spending aimed at improving education and health indicators will support increased redistribution and reduce income inequality. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2021/036 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/036/001.2021.issue-036-en.xml IMF e-Library