Impact of Income Inequalities

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The impact of income inequalities on sustainable development in London A report for the London Sustainable Development Commission by Professor (Emeritus) Richard Wilkinson and Professor Kate Pickett on behalf of the Equality Trust Copyright London Sustainable Development Commission City Hall 4th Floor The Queen’s Walk London SE1 2AA www.londonsdc.org.uk Greater London Authority, March 2010 Published by Greater London Authority City Hall The Queen’s Walk More London London SE1 2AA enquiries 020 7983 4100 minicom 020 7983 4458 ISBN 978-1-84781-278-0 Copies of this report are available from www.londonsdc.org.uk Table of Contents Foreword Part I: Diminishing Returns To Economic Growth Economic Growth and Wellbeing Relative Income Inequality drives Consumerism Carbon Emissions and the Quality of Life Convergence and Improvement Part II: How Inequality Affects Health And Social Problems Inequality and Social Cohesion Improving the Quality of Life Everyone Benefits Part III: Application To London An Index of Health and Social Problems for London Inequality and Social Status A More Equal London Benefits of Greater Equality to Each London Borough Intolerance Part Iv: Greater Equality And The Threat Of Climate Change Climate Change More Equal Societies are Greener An Allegory of Two Cities in Crisis Changes in Inequality Conclusions References Appendix I: Sources for Figures Appendix II: Sources of data International Sources London Sources Figures Figure 1. Life Expectancy and National Income per person Figure 2. Happiness and National Income per person Figure 3. Economic Growth No Longer Increases Life Satisfaction Figure 4. Income Differences Between Societies and Within Societies Figure 5. Average Working Hours Are Longer in More Unequal Societies Figure 6. Low Infant Mortality Can Be Achieved At Low CO2
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