inequality

A collection of 20 posts

"inequality" Stories Page 1 of 2  

Young people across Europe desire free and fair elections

Young Europeans want free and fair elections no less than middle-aged or older citizens. The following calculations of country-cohort averages show that young people -- in...

Can government spending meet expectations?

New demands and expectations The latest Fiscal Monitor report warns that more will be expected from fiscal actions in the future: The global economy is undergoing...

US economy under Obama

Obama’s Economic Record: An Assessment - The New Yorker Farewell to the Chief: Our Columnists Assess Obama's Presidency - Bloomberg View Martin Wolf: How Barack...

An unequal recovery

Some time ago, I looked at wage growth in advanced economies since 2007 and saw that falling or stagnant wages were not just a southern-European disease:...

Pockets of eurocrisis: Regional differences in Greece

Several European regions are still economically depressed. The absence of a proper economic recovery is probably most striking in Greece. Consider the long-term unemployment rate, which...

Mean vs. Median Income

In countries with relatively low income inequality (e.g. the Slovak Republic), the gap between the mean and median income is small: Look more to the...

Income inequality in China: two contradictory statistics

A chart from this IMF working paper shows that looking at the popular "Income share of the top 1%" metric can be misleading. By...

How the wealth of billionaires has quadrupled

This chart from Caroline Freund's presentation (based on her new book) shows: In both advanced and emerging markets, billionaires have recovered from the Great Recession. Taking...

Wealth reports: links

Credit Suisse Global Wealth Report 2015 2015 press release: "China’s middle class ranks the largest in the world with 109 million members" Credit...

Regional inequality in China

Shanghai's GDP per capita was 86,657 yuan in 2013, while Chongqing's GDP per capita was 38,349 yaun in 2013. Tibet's GDP per capita was...

Subjective well-being in China is rising in urban areas

Following up on my earlier post on income inequality in China, I want to post the main results from a new paper, Subjective Well-being in China,...

Lagarde: Traditional arguments about inequality are wrong

From Christine Lagarde's op-ed in the Boston Globe today: The traditional argument has been that income inequality is a necessary by-product of growth, that redistributive policies...

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