The Atlantic Cities: Inequality is shaping up to be one of the biggest issues in the 2012 presidential election. The Occupy movement may have waned since last fall, but its focus on the privileges of the top one percent has yet to go away. Most economists argue that rising inequality is driven by broader structural … Continue reading
In this paper, we explore the impact of the Great Recession on economic inequality and redistribution in the United States. We analyze many sorts of inequality (in earnings, disposable income, consumption expenditures and wealth) for different sections of the economic distribution. Here we highlight three central findings. In 2010, the bottom 20 percent of the … Continue reading
Until protestors took to the streets last year, first in New York and then in financial centres across the world, inequality had been a low-key issue. Not any more. With the political temperature rising, a stream of new analysis is revealing how sharply inequality has been growing. In October, the US Congressional Budget Office (CBO) … Continue reading
The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year. But income inequality and Europe’s debt crisis could still pose challenges, according to a report released by President Obama’s Council of Economic Advisers. Before Obama even took office, America had lost 4.4 million … Continue reading
Tax and benefit systems play a major role in reducing market-driven inequality, but have become less effective at redistributing income since the mid-1990s. The main reason lies on the benefits side: benefits levels fell in nearly all OECD countries, eligibility rules were tightened to contain spending on social protection, and transfers to the poorest failed … Continue reading
Societies with more income inequality have higher infant death rates than other societies: Societies with more income inequality have higher rates of mental illness than other societies: Societies with more income inequality have a higher incidence of drug use than other societies: Societies with more income inequality have a higher high school drop out rate than … Continue reading