Category: Inequality
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Inequality and asset prices
Two new research papers on how changing asset prices increase inequality.
Can we fix inequality?
A granular view of the link between capitalism and inequality (Milanovic,Ranaldi), as well as which policies are necessary to reduce it (Blanchard, Rodrik).
On poverty
The effect on poverty from deglobalization, lockdowns. Some interesting statistics in the US.
Why doesn’t the US have a European-style safety net?
The role of heterogeneity in ethnicity and race.
The link between inequality and political upheaval
Downward mobility rather than inequality leads to political upheaval, according to two new research papers.
The revolts of 2019
Branko Milanovic wonders why the world is in uproar and Nicola Gennaioli and Guido Tabellini offer a possible explanation.
The billionaire problem
Mankiw of Harvard, Farmer of Warwick and Johnson of MIT debate over billionaires’ contributions to the economy.
Chile: an extreme economy
The Chilean economy was considered Latin America’s most prosperous and law-abiding country. Why then did the Chilean government shot and killed 16 people in two days of socially motivated riots?
Are inequality measures biased?
New research paper rebukes Piketty’s inequality findings for the US.