Hypothesized relationship between economic development and inequality level
The Kuznets curve (/ˈkʌznɛts/) expresses a hypothesis advanced by economist Simon Kuznets in the 1950s and 1960s.[3] According to this hypothesis, as an economy develops, market forces first increase and then decrease economic inequality. As more data have become available with the passage of time since the hypothesis was expressed, the data show waves rather than a curve.