Income Inequality
Income inequality in China is bad, but it’s worse in the US
China’s growing income gap could be bad news for the communist party.<p>While nearly 2 million Chinese people live on less than $2 per day, the economic powerhouse is also home to more billionaires than the United States. And yet, new data by the World Wealth and Income Database shows economic …
ChinaPoverty, not inequality, the real problem - NZIER
Despite what people think, inequality in New Zealand has barely changed since the early 1990s and is less of a problem than poverty itself, NZIER …
New Zealand NewsAverage yearly income of top 1% in America: $1.3 million
The jobs market is humming these days, but income inequality continues to grow. Torsten Slok, Chief International Economist with Deustche Bank …
Social JusticeMeasuring Inequality: Forget Gini, Go with Palma
Economic inequality is easy enough to find statistics on, but these are often difficult to parse. Bernie Sanders' campaign site is a case in point. …
Social JusticeLabor markets in the age of automation
ADVANCES in artificial intelligence and robotics are powering a new wave of automation, with machines matching or outperforming humans in a …
Social JusticeBrics meet at key point in battle against global inequality
Foreign ministers of the Brics (Brazil, Russia, India, China, and South Africa) met on Monday in Beijing in advance of the group’s 9th annual summit …
EconomicsDemonetisation’s effect on income inequality
The relationship between monetary policy shocks, especially those driven by unconventional monetary policies, and income inequality, is unclear. Some …
EconomicsIncome inequality exists in Australia, but the true picture may not be as bad as you thought
We hear a lot about inequality in Australia but the true picture is much more complicated than the headlines usually suggest.<p>The data indicate that …
Social JusticeUK wealth gap ‘widening over past decade’ says report
Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation’s assets – worth about £11 trillion.<p>At the …
WealthGlobal inequality is even worse than we thought - here's why
The gap between rich and poor across the globe is even wider than we currently think, according to a new analysis.<p>Official estimates of inequality …
EqualityThese Five Men Own as Much Wealth As Half Of The Entire World’s Population
A new analysis suggests that more and more money accumulates in fewer and fewer hands.The post These Five Men Own as Much Wealth As Half Of The …
WealthA Lesson from China on Poverty Reduction and Inequality
I’ve written (many, many times) about how the best way to help the poor is to focus on economic growth rather than inequality.After all, in a genuine …
Social JusticeHere's how much you have to earn to be in the top 1% in the 25 biggest US cities
What it means to be among the top one percent of earners depends significantly on where you live.<p>For example, if you live in San Francisco, …
Real EstateInequality charity AIME launches global push with online film
AIME, an Australian charity which aims to bridge the inequality gap through education, has launched an online film as the organisation looks to …
The free world is still worth fighting for
<i>Daniel Fried, a former National Security Council director for Presidents Bill Clinton and George H.W. Bush and assistant secretary of state for Europe, is a Distinguished Fellow at the Future Europe Initiative and the Dinu Patriciu Eurasia Center at the Atlantic Council.</i><p>The “Free World Order,” the …
OpinionA Less Common Income Inequality: When Wives Earn More Than Their Husbands
Over the last few years, we’ve been hearing a lot about income inequality and how best to address the economic and social problems it presents. Researchers have uncovered disagreement about what steps, if any, need to be taken, and there’s certainly plenty to think about, regardless of your …
MarriageCommentary: Active government oversight has reduced Singapore's income inequality
Singapore's income inequality has narrowed over the past 17 years. But this is largely a product of government intervention in the form of taxes and …
Social JusticeIncome inequality, the new handbrake on growth
The yawning gap between rich and poor in Australia should be formally tracked by the nation's prime economic review body, the Productivity …
EconomicsFree exchange: A new anthology of essays reconsiders Thomas Piketty’s “Capital”
Free exchangeA new anthology of essays reconsiders Thomas Piketty’s “Capital”<p>The book explores arguments left undeveloped in Mr Piketty’s …
EconomicsCan a labor union revival reverse income inequality? Not a chance
Here is a tale of two socioeconomic trends and one seductive myth.<p>Trend No. 1: There was a time when the wealthiest households in America — the top 1 …
Social JusticeWealth gap in Hong Kong hits record high
Hong Kong’s wealth gap has widened to a historic high, with the richest household now earning about 44 times what the poorest family scrapes together, despite government efforts to alleviate poverty.<p>The government’s findings put the city behind New York as the world’s second-most unequal city in …
Hong KongGlobalisation and executive compensation
Growing income inequality has been a hallmark of developed economies over the past few decades. Despite a large empirical literature exploring the …
Social JusticeThe Rich Are Getting Richer
The stock market has been on a steady incline in recent months, with key stock indices hitting record high closings. This comes after the Standard …
Social JusticeU.S. one of world's worst on health divide between rich, poor
The U.S. has one of the world's largest health disparities between the rich and poor — behind only Chile and Portugal — and its healthcare system and lack of social supports are to blame, experts say.<p>Researchers examining surveys on health and income from people in 32 countries found poor Americans …
Health CareChina's economy is becoming more like America’s — and not in a good way
China’s three-decade economic boom, marked by gravity-defying double-digit growth rates, has been accompanied by a sharp increase in income inequality, according to a new study from French economist Thomas Piketty.<p>"China’s inequality levels used to be close to Nordic countries and are now …
Social JusticeThe study that shows life is a lot more unequal than you (probably) think
Voters, take note: a World Bank survey of Indonesian households suggests people have a strong tendency to underestimate the extent of inequality – and it reveals how this can affect their political allegiance, too<p>Which matters more: actual levels of inequality, or the levels that people <i>perceive</i> to …
Social JusticeThe Dramatic Health Disparities Between Rich and Poor Americans
When it comes to unequal health outcomes, the U.S. is outranked only by Portugal and Chile, a new study finds.<p>The U.S. has one of the largest income-based health disparities in the world, according to a new paper out in the journal <i>Health Affairs</i>. Among the poorest third of Americans studied, 38.2 …
Health CareBernie Sanders made more than $1 million last year—comfortably placing him in the 1 percent
Vermont Senator Bernie Sanders has entered the 1 percent club he has often railed against. According to a Senate financial disclosure form he filed …
Bernie SandersThe Top 0.01% Dodge a Third of Their Taxes
It's no secret that the mega-rich sometimes avoid and even evade their taxes (the former is legal, the latter is not). In 2016 the Panama Papers …
Social JusticeWealth taxes are just plain stupid
The Davis Tax Committee is investigating new wealth taxes, mostly motivated by the tried and trusted inequality refrain. In a recent speech, the …
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