Dividing the pie "correctly"? Income inequality in China

The Financial Times just published a story titled China income inequality among world’s worst: China’s Gini coefficient for income, a widely used measure of inequality, was 0.49 in 2012, according to the report. The World Bank considers a coefficient above 0.40 to represent severe income inequality.…

Sustainable Development Goals and the updated poverty line

Roundup of recent articles on SDGs: World Bank Policy Research Note: Ending Extreme Poverty and Sharing Prosperity: Progress and Policies With an estimated 900 million people in 2012 on less than $1.90 a day—the updated international poverty line—and a projected 700 million in 2015, extreme poverty still…

Weekend links

FT: Review of Rich People, Poor Countries Hall, Kendrick and Nosko: The Effects of Uber's Surge Pricing: A Case Study Transcript of the second GOP debate Will simple products make a comeback? (Casio to sell calculator for $220) My favorite tweet of the week. (From Betsey Stevenson) Zakaria: Trump might…

What is inclusive capitalism?

Whenever I hear about investors who decide not to require companies to submit quarterly reports, or who find other ways to promote long-term thinking, my mood immediately brightens up. That's why I'd be happy to watch this interview again: Watch the latest video at video.foxbusiness.com Is there really…

Lagarde: countries need smarter fiscal policies

Let's highlight a few interesting parts of Ms. Lagarde's latest speech: Smart fiscal policy The challenge here is to design tax and spending measures that have minimal adverse effects on incentives to work, save, and invest. The objective must be to promote both greater equality and greater efficiency. This means…

Inequality reading list

Important papers Branko Milanovic: Global Income Inequality by the Numbers: in History and Now, Policy Research Working Paper 6259 Working for the few, Ricardo Fuentes-Nieva and Nicholas Galasso, Oxfam Briefing Paper 178 Measure to Measure, Finance & Development, September 2014, Vol. 51, No. 3 The Shrinking Middle, Finance & Development,…

What are the effects of QE?

Last month, I posted nine opinions about quantitative easing. This week, Brookings devoted half a day to the (hypothesized) effects of QE on inequality: A widely heard criticism of the Federal Reserve’s purchases of trillions of dollars in bonds, or quantitative easing, is that the Fed increased inequality by…