When FSFitzgerald wrote "The Great Gatsby" and put the poor Nick Carraway sand dollar lifestyles to showcase the wealth of Gatsby only to later return to poverty, never thought that the IMF use its narrative to trace the curve of social immobility. But the current economic crisis is turning that story almost a prophecy about the current situation. According to the International Monetary Fund, countries like Spain begin to live under the curve implies that those born rich, die rich and those who are born poor will die poor. The curve which measures the potential of jumping from a lower class to higher inequality reflects that starts inherited between generations and that "income inequality" is becoming "inequality of opportunity". According to the latest IMF report entitled "Fiscal Policy and Income Inequality", countries with higher rates of inequality are the same with no chance of upward mobility. That starts to happen in Spain, reports the Fund.
In fact, Spain is a country where inequality is inherited more than in Germany, Japan, Australia and Canada, among others. In contrast, the Czech Republic Italy or Gibraltar are, among others, countries determines the cradle rather than Spain adult social class.
According to the IMF, since the mid 80's to early 2000, half of the wealth that has been generated has gone into the hands of 20% of the richest. And Spain has become one of the countries in which more than 50% of the economic advantages of having a father are inherited by their children. According to the IMF, the spread of this inequality is causing this "inequality of opportunity".
Diagnosis IMF is doubly troubling because it coincides with the just released OECD. According to the club of developed countries, the recovery will not mean cutting inequality. sand dollar lifestyles "Episodes of inequality cuts usually do not last long enough to reduce the distance between high and low incomes opened in previous sand dollar lifestyles years," says the international body.
In fact, the cuts that have been conducted are precisely resposnables that there is less "social mobility", ie, less likely to climb from a low to a high social class, especially in two areas:
Education: "The result of lower public spending on education but it will take time feel in lower student enrollment, lower income and less social mobility for the children of poorer parents," concludes the OCDE.Sanidad: Unemployment and copayment systems cut the use of Health. In Spain, sand dollar lifestyles cutting health spending was 0.7% of annual GDP. That short-term sand dollar lifestyles savings often results in greater increases in long-term spending, says the body and greater inequalities. Among the parameters investigated include suicide rates. OECD reveals that increased with the onset of the crisis, but have remained stable since then.
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