Other Inequality Reduction Policies
Economics of Inequality and Poverty
AO3
Syllabus requirement
Includes human capital investment, transfer payments, targeted spending on goods and services, universal support, minimum wages and anti-discrimination policies.
Assessment objectives
AO3 Synthesis and Evaluation
Summary
This topic describes non-tax policies governments use to reduce income and wealth inequality by increasing opportunities, directly raising incomes, or improving access to services. It covers investment in human capital, transfer payments, targeted and universal support (including universal basic income), minimum wage laws and anti-discrimination policies, and explains their potential effects and trade-offs.