Knowledge

Economic inequality

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on the same communities which the HOLC redlined in the 1930s. Research published in September 2020 overlaid maps of the highly affected COVID-19 areas with the HOLC maps, showing that those areas marked "risky" to lenders because they contained minority residents were the same neighborhoods most affected by COVID-19. The Centers for Disease Control (CDC) looks at inequities in the social determinants of health like concentrated poverty and healthcare access that are interrelated and influence health outcomes with regard to COVID-19 as well as quality of life in general for minority groups. The CDC points to discrimination within health care, education, criminal justice, housing, and finance, direct results of systematically subversive tactics like redlining which led to chronic and toxic stress that shaped social and economic factors for minority groups, increasing their risk for COVID-19. Healthcare access is similarly limited by factors like a lack of public transportation, child care, and communication and language barriers which result from the spatial and economic isolation of minority communities from redlining. Educational, income, and wealth gaps that result from this isolation mean that minority groups' limited access to the job market may force them to remain in fields that have a higher risk of exposure to the virus, without options to take time off. Finally, a direct result of redlining is the overcrowding of minority groups into neighborhoods that do not boast adequate housing to sustain burgeoning populations, leading to crowded conditions that make prevention strategies for COVID-19 nearly impossible to implement.
1339: 415: 403: 1367: 1495: 43: 832: 335: 775: 101: 1314:". While the market will bid up compensation for rare and desired skills to reward wealth creation, greater productivity, etc., it will also prevent successful entrepreneurs from earning excess profits by fostering competition to cut prices, profits and large compensation. A better explainer of growing inequality, according to Stiglitz, is the use of political power generated by wealth by certain groups to shape government policies financially beneficial to them. This process, known to economists as rent-seeking, brings income not from creation of wealth but from "grabbing a larger share of the wealth that would otherwise have been produced without their effort". 1016: 1251:. According to Kuznets, countries with low levels of development have relatively equal distributions of wealth. In the early stages, individual sectors or industries are developed first, which leads to an unequal distribution of income and wealth, resulting in growing inequality within a country. As the economy progresses and development takes place in more economic sectors, eventually attracting more workers, economic inequality decreases. Although the Kuznets curve described the development of inequality well at the time of its publication, there is now a growing number of critical voices questioning the link between inequality and development. 1203:, which set back economic development as a whole for blacks of African citizenship more than any other region. The degree to which colonizers stratified their holdings on the continent on the basis of race has had a direct correlation in the magnitude of disparity experienced by nonwhites in the nations that eventually rose from their colonial status. Former French colonies, for example, see much higher rates of income inequality between whites and nonwhites as a result of the rigid hierarchy imposed by the French who lived in Africa at the time. Another example is found in South Africa, which, still reeling from the socioeconomic impacts of 347: 64: 1191:
those of Afro-descent (such as Mexico, Colombia, Chile, etc.) income levels can be roughly half as high as those experiences by white demographics, and this inequity is accompanied by systematically unequal access to education, career opportunities, and poverty relief. This region of the world, apart from urbanizing areas like Brazil and Costa Rica, continues to be understudied and often the racial disparity is denied by Latin Americans who consider themselves to be living in post-racial and post-colonial societies far removed from intense social and economic stratification despite the evidence to the contrary.
1207:, experiences some of the highest racial income and wealth inequality in all of Africa. In these and other countries like Nigeria, Zimbabwe, and Sierra Leone, movements of civil reform have initially led to improved access to financial advancement opportunities, but data shows that for nonwhites this progress is either stalling or erasing itself in the newest generation of blacks that seek education and improved transgenerational wealth. The economic status of one's parents continues to define and predict the financial futures of African and minority ethnic groups. 7436: 968:. In arguing against this explanation, Jonathan Rothwell notes that if technological advancement is measured by high rates of invention, there is a negative correlation between it and inequality. Countries with high invention rates – "as measured by patent applications filed under the Patent Cooperation Treaty" – exhibit lower inequality than those with less. In one country, the United States, "salaries of engineers and software developers rarely reach" above $ 390,000/year (the lower limit for the top 1% earners). 86: 51: 613: 847: 389:, the pandemic's "most significant outcome" will be rising economic inequality in the United States and between the developed and developing world. The 2024 Oxfam report found a significant increase in inequality as roughly five billion people have become poorer while at the same time the fortunes of the five richest individuals have doubled. The report warns that current trends are paving the way for the world's first trillionaire within a decade and global poverty eradication being postponed for 229 years. 1144:. Studies have uncovered the emergence of what is called "ethnic capital", by which people belonging to a race that has experienced discrimination are born into a disadvantaged family from the beginning and therefore have less resources and opportunities at their disposal. The universal lack of education, technical and cognitive skills, and inheritable wealth within a particular race is often passed down between generations, compounding in effect to make escaping these racialized 1075: 1169:
out of high school and college, are typically employed for fewer hours at lower wages, have lower than average intergenerational wealth, and are more likely to use welfare as young adults than their white counterparts. The racial wealth gap in the US has been maintained throughout history. In 1863, two years prior to emancipation from slavery, Black people owned 0.5 percent of the US national wealth, while in 2019 it is just over 1.5 percent.
1230: 1572:, pestilence and state collapse have significantly reduced inequality. He has stated that "only all-out thermonuclear war might fundamentally reset the existing distribution of resources" and that "peaceful policy reform may well prove unequal to the growing challenges ahead." However, Scheidel also stated that "There is certainly room for incremental change, that's what the example of Latin America shows in the past 15 years or so." 2276:
thereby encouraging growth and innovation, which are necessary for progress. Some have also argued that economic inequality is a natural and fair outcome in market economies, in which the rewards are distributed based on different economic contributions because individuals have different attitudes and talents. Many who feel that economic inequality is not a significant issue are associated with conservative or
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2013, 70% of TaskRabbit's workforce held a bachelor's degree, 20% a master's degree and 5% a PhD). The development of platforms, which are increasingly capturing demand for these manual services at the expense of non-platform companies, may therefore benefit mainly skilled workers who are offered more earning opportunities that can be used as supplemental or transitional work during periods of unemployment.
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found in this category. A Gini index value lower than 30% is considered low; countries including Austria, Germany, Denmark, Norway, Slovenia, Sweden, and Ukraine can be found in this category. In the low-income inequality category (below 30%) is a wide representation of countries previously being part of Soviet Union or its satellites, like Slovakia, Czech Republic, Ukraine and Hungary.
2246:, which "defines well-being as utility maximization", economic growth and income are considered a means to an end rather than the end itself. Its goal is to "wid people's choices and the level of their achieved well-being" through increasing functioning (the things a person values doing), capabilities (the freedom to enjoy functionings) and agency (the ability to pursue valued goals). 1822:, child conflict, drug use) in countries and states with higher inequality. Their research included 24 developed countries, including most U.S. states, and found that in the more developed countries, such as Finland and Japan, the heath issues are much lower than in states with rather higher inequality rates, such as Utah and New Hampshire. Some studies link a surge in " 2169:, that "as long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems." He later declared that "inequality is the root of social evil." 1750:
risk-taking in the United States to the more egalitarian societies supported by a strong safety net in Scandinavia, rather than reflecting differences in fundamentals between the citizens of these societies, may emerge as a mutually self-reinforcing world equilibrium. If so, in this equilibrium, 'we cannot all be like the Scandinavians,' because
1426:, in the foreword to the report, said "this elite will need to reduce their footprint by a factor of 30 to stay in line with the Paris Agreement targets." A 2022 report by Oxfam found that the business investments of the wealthiest 125 billionaires emit 393 million metric tonnes of greenhouse gas emissions annually. 1477:(2012) that the economic inequality is inevitable and permanent, because it is caused by the great amount of political power the richest have. He wrote, "While there may be underlying economic forces at play, politics have shaped the market, and shaped it in ways that advantage the top at the expense of the rest." 868:
well as income inequality. As a result, those who are unable to afford an education, or choose not to pursue optional education, generally receive much lower wages. The justification for this is that a lack of education leads directly to lower incomes, and thus lower aggregate saving and investment. Conversely,
1926:: A 2016 meta-analysis found that "the effect of inequality on growth is negative and more pronounced in less developed countries than in rich countries", though the average impact on growth was not significant. The study also found that wealth inequality is more pernicious to growth than income inequality. 2253:
and customs may prevent a woman from receiving an education or working outside the home. There may be an epidemic that causes widespread panic, or there could be rampant violence in the area that prevents people from going to work for fear of their lives. As a result, income inequality increases, and
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It has also been argued that economic inequality invariably translates to political inequality, which further aggravates the problem. Even in cases where an increase in economic inequality makes nobody economically poorer, an increased inequality of resources is disadvantageous, as increased economic
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The liberal champions of equality under the law were fully aware of the fact that men are born unequal and that it is precisely their inequality that generates social cooperation and civilization. Equality under the law was in their opinion not designed to correct the inexorable facts of the universe
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While the progression of civil rights movements and justice reform has improved access to education and other economic opportunities in politically advanced nations, racial income and wealth disparity still exists. In the United States for example, African American populations are more likely to drop
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Redlining intentionally excluded black Americans from accumulating intergenerational wealth. The effects of this exclusion on black Americans' health continue to play out daily, generations later, in the same communities. This is evident currently in the disproportionate effects that COVID-19 has had
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increasingly difficult. Additionally, ethnic groups that experience significant disparities are often also minorities, at least in representation though often in number as well, in the nations where they experience the harshest disadvantage. As a result, they are often segregated either by government
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Income distribution can differ from wealth distribution within each country. The wealth inequality is also measured in Gini index. There the higher Gini index signify greater inequality within the wealth distribution in country, 0 means total wealth equality and 1 represents situation, where everyone
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According to a 2020 study, global earnings inequality has decreased substantially since 1970. During the 2000s and 2010s, the share of earnings by the world's poorest half doubled. Two researchers claim that global income inequality is decreasing due to strong economic growth in developing countries.
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In the countries of the Caribbean, Central America, and South America, many ethnicities continue to deal with the effects of European colonization, and in general nonwhites tend to be noticeably poorer than whites in this region. In many countries with significant populations of indigenous races and
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may shift economic inequality from a global to a domestic scale. When rich countries trade with poor countries, the low-skilled workers in the rich countries may see reduced wages as a result of the competition, while low-skilled workers in the poor countries may see increased wages. Trade economist
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increases as the taxable base amount increases. In a progressive tax system, the level of the top tax rate will often have a direct impact on the level of inequality within a society, either increasing it or decreasing it, provided that income does not change as a result of the change in tax regime.
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property income by virtue of ownership titles in capital equipment, financial assets and corporate stock. By contrast, the vast majority of the population is dependent on income in the form of a wage or salary. In order to rectify this situation, socialists argue that the means of production should
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An important factor in the creation of inequality is variation in individuals' access to education. Education, especially in an area where there is a high demand for workers, creates high wages for those with this education. However, increases in education first increase and then decrease growth as
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In the United States, real wages are flat over the past 40 years for occupations across income and education levels, e.g., auto mechanics, cashiers, doctors, and software engineers. However, stock ownership favors higher income and education levels, thereby resulting in disparate investment income.
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value above 50% is considered high; countries including Brazil, Colombia, South Africa, Botswana, and Honduras can be found in this category. A Gini index value of 30% or above is considered medium; countries including Vietnam, Mexico, Poland, the United States, Argentina, Russia and Uruguay can be
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inequality (how the total sum of money spent by people is distributed among the spenders). Each of these can be measured between two or more nations, within a single nation, or between and within sub-populations (such as within a low-income group, within a high-income group and between them, within
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policies in comparison to continental European liberalism, where unions have remained strong, they concluded "The U.S. economic and social model is associated with substantial levels of social exclusion, including high levels of income inequality, high relative and absolute poverty rates, poor and
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There are various reasons for economic inequality within societies, including both global market functions (such as trade, development, and regulation) as well as social factors (including gender, race, and education). Recent growth in overall income inequality, at least within the OECD countries,
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has increased economic inequality substantially; the wealthiest people across the globe were impacted the least by the pandemic and their fortunes recovered quickest, with billionaires seeing their wealth increase by $ 3.9 trillion, while at the same time the number of people living on less than $
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The majority of researchers who analyze economic inequality argue that today's levels are problematic and deserve some mitigation. There are however, some who disagree, and feel that current levels of inequality are necessary because it encourages individuals to gain useful skills and take risks,
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in India leave their marks as well. While the disparity is greatly improving in the case of India, there still exists social stratification between peoples of lighter and darker skin tones that cumulatively result in income and wealth inequality, manifesting in many of the same poverty traps seen
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Access to education was in turn influenced by land inequalities. In the less industrialized parts of 19th century Europe, for example, landowners still held more political power than industrialists. These landowners did not benefit from educating their workers as much as industrialists did, since
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argued that government redistributes wealth by force (usually in the form of taxation), and that the ideal moral society would be one where all individuals are free from force. However, Nozick recognized that some modern economic inequalities were the result of forceful taking of property, and a
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In addition, there is an important phenomenon of labour substitution as manual tasks traditionally performed by workers without a degree (or just a college degree) integrated into the labour market in the traditional economy sectors are now performed by workers with a high level of education (in
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Taking the example of TaskRabbit, a labour service platform, she shows that a large proportion of providers already have a stable full-time job and participate part-time in the platform as an opportunity to increase their income by diversifying their activities outside employment, which tends to
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inequality reduce growth more than inequality of income. Inequality is at the center stage of economic policy debate across the globe, as government tax and spending policies have significant effects on income distribution. In advanced economies, taxes and transfers decrease income inequality by
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wrote in December 2013: "A minimum wage, providing it is not set too high, could thus boost pay with no ill effects on jobs....America's federal minimum wage, at 38% of median income, is one of the rich world's lowest. Some studies find no harm to employment from federal or state minimum wages,
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reveals that gender is one of the driving forces of income inequality, and being female has a significant negative effect on income when other factors are held equal. The results show more than 50% gender pay gap in all three countries. These findings are because usually employers tend to avoid
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to increases in economic inequality, as automation raises the returns to wealth and contributes to stagnating wages at the lower end of the wage distribution. Several economists have suggested that automation has increased income inequality by causing low skill jobs to be replaced with machines
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It has also been proposed that information technologies contribute to "winner take most" market concentration, reducing the need for labor across competing suppliers. Market concentration drives down labor's share of the GDP, increasing the wealth of capital and thereby exacerbating inequality.
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Research has shown that biased decision-making does not alone explain a significant proportion of inequality, therefore inequality cannot be explained by cognitive biases of a specific sub-population, such as temporal discounting (i.e., not preferring immediate funds over larger future gains),
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Mexican-Americans, while suffering less debilitating socioeconomic factors than black Americans, experience deficiencies in the same areas when compared to whites and have not assimilated financially to the level of stability experienced by white Americans as a whole. These experiences are the
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Widening income inequality is the defining challenge of our time. In advanced economies, the gap between the rich and poor is at its highest level in decades. Inequality trends have been more mixed in emerging markets and developing countries (EMDCs), with some countries experiencing declining
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and Thierry Verdier argues that American "cutthroat" capitalism and inequality gives rise to technology and innovation that more "cuddly" forms of capitalism cannot. As a result, "the diversity of institutions we observe among relatively advanced countries, ranging from greater inequality and
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when the rate of return of capital (r) is greater than the rate of growth of the economy (g). According to an IMF report in 2016, after reviewing four decades of neoliberalism, it had warned that certain neoliberal policies including privatization, public spending cuts, and deregulation, have
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Asian regions and countries such as China, the Middle East, and Central Asia have been vastly understudied in terms of racial disparity, but even here the effects of Western colonization provide similar results to those found in other parts of the globe. Additionally, cultural and historical
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and to make natural inequality disappear. It was, on the contrary, the device to secure for the whole of mankind the maximum of benefits it can derive from it. Henceforth no man-made institutions should prevent a man from attaining that station in which he can best serve his fellow citizens.
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overestimation (i.e. thinking you are better than you are at making decisions), over-placement (i.e. thinking you are better than the average person at making decisions), and extremeness aversion (i.e. taking the 'middle option' simply because it seems safer than the highest or lowest).
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inequality can lead to a power shift due to an increased inequality in the ability to participate in democratic processes. According to Paul and Moser, countries with high income inequality and poor unemployment protections experience worse mental health outcomes among the unemployed.
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refers to the phenomenon of people marrying people with similar background, for example doctors marrying other doctors rather than nurses. OECD found out that 40% of couples where both partners work belonged to the same or neighbouring earnings deciles compared with 33% some 20 years
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has argued that though income inequality has increased within nations, globally it has fallen over the 20 years leading up to 2014. He argues that though income inequality may make individual nations worse off, overall, the world has improved as global inequality has been reduced.
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has no wealth, except an individual that has everything.  For instance, countries like Denmark, Norway and Netherlands, all belonging to the last category (below 30%, low-income inequality) also have very high Gini index in wealth distribution, ranging from 70% up to 90%.
1104:, claims that this difference is due to women not taking jobs due to marriage or pregnancy. A U.S. Census's report stated that in US once other factors are accounted for there is still a difference in earnings between women and men. A study done on three post-soviet countries 2000:"). This process exerts a downward pressure on wages. The substitution of capital equipment for labor (mechanization and automation) raises the productivity of each worker, resulting in a situation of relatively stagnant wages for the working class amidst rising levels of 1527:. On the other hand, high-income persons have higher propensity to save. Robin Maialeh then shows that increasing economic wealth decreases propensity to spend and increases propensity to invest which consequently leads to even greater growth rate of already rich agents. 1938:: Studies indicate that economic inequality leads to greater political instability, including an increased risk of democratic breakdown and civil conflict. A significant impact of inequality on civil war probability has been found through anthropometric methods. 1509:
generally have lower levels of inequality. Many factors constrain economic inequality – they may be divided into two classes: market driven, and government sponsored. The relative merits and effectiveness of each approach is a subject of debate:
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emissions (size of pie charts) differ substantially among high-emitting regions, the pattern of higher income classes emitting more than lower income classes is consistent across regions. The world's top 1% of emitters emit over 1000 times more than the bottom
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The existing data and estimates suggest a large increase in international (and more generally inter-macroregional) components between 1820 and 1960. It might have slightly decreased since that time at the expense of increasing inequality within countries. The
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a century ago." In 2016, the world's billionaires increased their combined global wealth to a record $ 6 trillion. In 2017, they increased their collective wealth to 8.9 trillion. In 2018, U.S. income inequality reached the highest level ever recorded by the
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found that in countries where neoliberal institutions have significant influence over policies, the psychology of those population are shaped to have both a higher tolerance of large levels of income inequality, and prefer it over more egalitarian outcomes.
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that inequalities in the distribution of wealth are only justified when they improve society as a whole, including the poorest members. Rawls does not discuss the full implications of his theory of justice. Some see Rawls's argument as a justification for
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as of 2018. The Gini coefficient is a number between 0 and 100, where 0 corresponds with perfect equality (where everyone has the same income) and 100 corresponds with absolute inequality (where one person has all the income, and everyone else has zero
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in new sources of creating wealth or to otherwise leverage the accumulation of wealth, and thus they are the beneficiaries of the new wealth. Over time, wealth concentration can significantly contribute to the persistence of inequality within society.
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requires redistribution of high incomes and large concentrations of wealth in a way that spreads it more widely, in order to "recognize the contribution made by all sections of the community to building the nation's wealth." (Patrick Diamond and
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Some researchers, such as Juliet B. Schor, highlight the role of for-profit online sharing economy platforms as an accelerator of income inequality and calls into question their supposed contribution in empowering outsiders of the labour market.
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taxes: federal+state income tax, sales tax, property tax, etc) for the richest Americans declined by 2018 to a level beneath that of the bottom 50% of earners, contributing to economic inequality. Analysis by economists Emmanuel Saez and Gabriel
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found this to be true in their research conducted in 2011. The actual wealth going to the top quintile in 2011 was around 84%, whereas the average amount of wealth that the general public estimated to go to the top quintile was around 58%.
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favors an eventual society where an individual's success is a direct function of his merit, or contribution. Economic inequality would be a natural consequence of the wide range in individual skill, talent and effort in human population.
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over the period 1990–2015. In 2015, the OECD reported in 2015 that income inequality is higher than it has ever been within OECD member nations and is at increased levels in many emerging economies. According to a June 2015 report by the
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dramatically improves labor-market outcomes. Despite popular prejudices to the contrary, the U.S. economy consistently affords a lower level of economic mobility than all the continental European countries for which data is available."
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that has been passed through racial generations to the present. These are lasting financial inequalities that apply in varying magnitudes to most non-white populations in nations such as the US, the UK, France, Spain, Australia, etc.
876:"educated workers have more incentives to migrate to urban, industrial areas than their less educated counterparts." Consequently, lower incentives to promote education in regions where land inequality was high led to lower levels of 177:
after World War II. Whereas globalization has reduced the inequality between nations, it has increased the inequality within the population in most nations. Income inequality between nations peaked in the 1970s, when world income was
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Hertz, Tom (December 31, 2009), Bowles, Samuel; Gintis, Herbert; Osborne Groves, Melissa (eds.), "Chapter Five. Rags, Riches, and Race The Intergenerational Economic Mobility of Black and White Families in the United States",
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In 1820, the ratio between the income of the top and bottom 20 percent of the world's population was three to one. By 1991, it was eighty-six to one. A 2011 study titled "Divided we Stand: Why Inequality Keeps Rising" by the
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A 1916 ad for a vocational school appealed to Americans' belief in the possibility of self-betterment, as well as threatening economic insecurity through lack of education and the consequences of downward mobility in the
1992:. In this analysis, capitalist firms increasingly substitute capital equipment for labor inputs (workers) under competitive pressure to reduce costs and maximize profits. Over the long term, this trend increases the 1094:. Several factors other than discrimination contribute to this gap. On average, women are more likely than men to consider factors other than pay when looking for work and may be less willing to travel or relocate. 1826:", suicide, drug overdoses and alcohol related deaths, to widening income inequality. Conversely, other research did not find these effects or concluded that research suffered from issues of confounding variables. 218:
and family benefits). While the "optimum" amount of economic inequality is widely debated, there is a near-universal belief that complete economic equality (Gini of zero) would be undesirable and unachieveable.
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macroeconomic policies and progressive taxation (to even out differences in income inequality). Research indicates that people who hold liberal beliefs tend to see greater income inequality as morally wrong.
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Changes in the structure of households can play an important role. Single-headed households in OECD countries have risen from an average of 15% in the late 1980s to 20% in the mid-2000s, resulting in higher
1523:: with rising wealth & income, a person may spend more. In an extreme example, if one person owned everything, they would immediately need to hire people to maintain their properties, thus reducing the 512:
In October 2017, the IMF warned that inequality within nations, in spite of global inequality falling in recent decades, has risen so sharply that it threatens economic growth and could result in further
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says that the wealthiest 10% of the global population were responsible for more than half of global carbon dioxide emissions from 1990 to 2015, which increased by 60%. According to a 2020 report by the
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of people of different races. In many nations, data exists to suggest that members of certain racial demographics experience lower wages, fewer opportunities for career and educational advancement, and
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As a general rule, races which have been historically and systematically colonized (typically indigenous ethnicities) continue to experience lower levels of financial stability in the present day. The
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argues that rather than explaining concentrations of wealth and income, market forces should serve as a brake on such concentration, which may better be explained by the non-market force known as "
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By Daniel Alpert, Westwood Capital; Robert Hockett, Professor of Law, Cornell University; and Nouriel Roubini, Professor of Economics, New York University, New America Foundation, October 10, 2011
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One study finds that economic inequality prompts attempts by left-leaning politicians to pursue redistributive policies while right-leaning politicians seek to repress the redistributive policies.
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Social connectedness to people of higher income levels is a strong predictor of upward income mobility. However, data shows substantial social segregation correlating with economic income groups.
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unequal educational outcomes, poor health outcomes, and high rates of crime and incarceration. At the same time, the available evidence provides little support for the view that U.S.-style
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Nicolini, Esteban A.; Ramos Palencia, Fernando (2016). "Decomposing income inequality in a backward pre-industrial economy: Old Castile (Spain) in the middle of the eighteenth century".
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When a person's capabilities are lowered, they are in some way deprived of earning as much income as they would otherwise. An old, ill man cannot earn as much as a healthy young man;
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Antony, JΓΌrgen, and Torben Klarl. "Estimating the income inequality-health relationship for the United States between 1941 and 2015: Will the relevant frequencies please stand up?."
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depends in part on the knowledge spillovers created by the more cutthroat American capitalism." A 2012 working paper by the same authors, making similar arguments, was challenged by
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is incoherent because, without redistribution, one generation's successful individuals would become the next generation's embedded caste, hoarding the wealth they had accumulated'.
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Study made by Jared Bernstein and Elise Gould suggest, that the poverty in the United States could have been reduced by the lowering of economic inequality for the past few decades.
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university admissions rates vary with the income of the students' parents, with the acceptance rate of the top 0.1% income percentile being almost twice as much as other students.
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in the world possess more financial assets than the lowest 48 nations combined. The combined wealth of the "10 million dollar millionaires" grew to nearly $ 41 trillion in 2008.
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Income inequality in OECD countries is at its highest level for the past half century. The ratio between the bottom 10% and the top 10% has increased from 1:7 to 1:9 in 25 years.
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effects of the measured disparity due to race in countries like the US, where studies show that in comparison to whites, blacks suffer from drastically lower levels of upward
4493: 242:(OECD) sought to explain the causes for this rising inequality by investigating economic inequality in OECD countries; it concluded that the following factors played a role: 5343:"The Promise of Prevention: The Effects of Four Preventable Risk Factors on National Life Expectancy and Life Expectancy Disparities by Race and County in the United States" 9616:"New evidence and new methods to measure human capital inequality before and during the industrial revolution: France and the US in the seventeenth to nineteenth centuries" 8412: 7595: 3622: 1394:
plays a role in increasing economic inequality between countries, boosting economic growth in developed countries while hampering such growth in developing nations of the
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rates are consistently lower. A 2016 study finds that interregional inequality increases terrorism. Other research has argued inequality has little effect on crime rates.
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argues that the fundamental force for divergence is the usually greater return of capital (r) than economic growth (g), and that larger fortunes generate higher returns.
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in the early 20th century." According to the report, the bottom half of the population owns 2% of global wealth, while the top 10% owns 76% of it. The top 1% owns 38%.
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in 2014 asserted that greater investments in social security, jobs, and laws that protect vulnerable populations are necessary to prevent widening income inequality.
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and Thomas Piketty, warned that if the sharp increase in economic inequality is not reversed, it will "entrench poverty and increase the risk of climate breakdown."
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Bhattacharya, Debopam; Mazumder, Bhashkar (2010). "A Nonparametric Analysis of Black-White Differences in Intergenerational Income Mobility in the United States".
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Autor, David; Dorn, David; Katz, Lawrence F; Patterson, Christina; Van Reenen, John (May 1, 2020). "The Fall of the Labor Share and the Rise of Superstar Firms*".
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Smeeding, Timothy M.; Thompson, Jeffrey P. (2011). "Recent Trends in Income Inequality". In Immervoll, Herwig; Peichl, Andreas; Tatsiramos, Konstantinos (eds.).
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The capabilities approach – sometimes called the human development approach – looks at income inequality and poverty as form of "capability deprivation". Unlike
964:
has been credited with increasing income inequality. Technology has been called "the main driver of the recent increases in inequality" by Erik Brynjolfsson, of
3863: 3309: 1874:(the benefits of goodwill, fellowship, mutual sympathy and social connectedness among groups who make up a social units) suggest greater community involvement. 239: 9854:"Growth and inequality in the great and little divergence debate: a Japanese perspective; Covers 1600–1868 with comparison to Stuart England and Mughal India" 7800:
Christina Mumme and JΓΆrg Baten (2014). "Civil War Determinants From a Long-Term Perspective: Was There Impact Of Anthropometric Deprivation From 1816–1999?".
6945: 4301: 3138: 6150: 2587: 1553: 4659: 10498: 10453: 6096: 3570: 9783: 3516: 1920:, as high earners bid up the price of real estate and middle income earners go deeper into debt trying to maintain what once was a middle class lifestyle. 8716: 5965:
Stiglitz, Joseph E. (June 4, 2012). The Price of Inequality: How Today's Divided Society Endangers Our Future (pp. 30–31, 35–36). Norton. Kindle Edition.
517:. The Fund's Fiscal Monitor report said that "progressive taxation and transfers are key components of efficient fiscal redistribution." In October 2018 441:
may help explain why many Americans who have become rich may have had a "substantial head start". A 2017 report by the IPS said that three individuals,
10660: 10463: 8950: 6056:"Methodological note: ... The analysis accounts for energy-related CO2, and not other greenhouse gases, nor those related to land use and agriculture." 5528: 2861: 3375: 3248: 7116: 6885: 6043: 3832: 6852: 6994: 10521: 10473: 3914: 1422:, and the wealthiest 1% of the world's population are responsible for more than double the greenhouse gas emissions of the poorest 50% combined. 6725: 6017: 3915:"A huge study of 20 years of global wealth demolishes the myth of 'trickle-down' and shows the rich are taking most of the gains for themselves" 3167: 3793: 2011:
based on the common ownership of the means of production, where each individual citizen would have free access to the articles of consumption (
1160:
is considered to be particularly victimized by this phenomenon, though the exact socioeconomic manifestations change across different regions.
9228:
Hatch, Megan E.; Rigby, Elizabeth (2015). "Laboratories of (In)equality? Redistributive Policy and Income Inequality in the American States".
4409:
Hatch, Megan E.; Rigby, Elizabeth (2015). "Laboratories of (In)equality? Redistributive Policy and Income Inequality in the American States".
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believed that if government action is taken in pursuit of economic equality then political freedom would suffer. In a famous quote, he said:
1758:, who posited that, among other things, the Nordic countries are consistently ranked as some of the world's most innovative countries by the 3542: 2899: 1866:: Research has shown an inverse link between income inequality and social cohesion. In more equal societies, people are much more likely to 1635:
Deferred investment programs that increase stock ownership amongst lower income levels can supplement income to compensate wage stagnation.
997:
operated by technologically skilled workers, thereby reducing the demand for unskilled labor while increasing the demand for skilled labor.
525:
which measured social spending, tax and workers' rights to show which countries were best at closing the gap between the rich and the poor.
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Huber, Evelyne; Nielsen, François; Pribble, Jenny; Stephens, John D. (2006). "Politics and Inequality in Latin America and the Caribbean".
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an age group and between inter-generational groups, within a gender group and between them etc, either from one or from multiple nations).
7954:
O'Donnell, Michael, and Serena Chen. "Political Ideology, the Moralizing of Income Inequality, and Its Social Consequences." Available at
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since even the poorest members of society theoretically benefit from increased innovations under capitalism; others believe only a strong
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A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
271:
There are tentative signs of a possible convergence of inequality levels towards a common and higher average level across OECD countries.
5892:"The Paradox of Redistribution and Strategies of Equality: Welfare State Institutions, Inequality, and Poverty in the Western Countries" 4622: 3990: 2936:
Neves, Pedro Cunha; Afonso, Γ“scar; Silva, Sandra Tavares (2016). "A Meta-Analytic Reassessment of the Effects of Inequality on Growth".
1904:: Studies have found evidence that in societies where inequality is lower, population-wide satisfaction and happiness tend to be higher. 1277:
concentrates in the possession of already-wealthy individuals or entities. Accordingly, those who already hold wealth have the means to
561: 8071: 1338: 10546: 10478: 5168:
Becker, Gary S.; Tomes, Nigel (December 1979). "An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility".
1701: 6579:"How Can Education Policy Improve Income Distribution?: An Empirical Analysis of Education Stages and Measures on Income Inequality" 4554:"An Interview With Education for Sustainable Development "Young Voices": Beliefs and Values From the Next Generation of ESD Leaders" 3942: 414: 10516: 8918:
Alesina, Alberto; Di Tella, Rafael; MacCulloch, Robert (2004). "Inequality and happiness: Are Europeans and Americans different?".
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Corvalana, Alejandro, and Matteo Pazzonab. "Does Inequality Really Increase Crime? Theory and Evidence." In Technical Report. 2019.
5847:
Hnatkovska, Viktoria; Lahiri, Amartya; Paul, Sourabh B. (2013). "Breaking the Caste Barrier: Intergenerational Mobility in India".
9910:"The One Percent across Two Centuries: A Replication of Thomas Piketty's Data on the Concentration of Wealth in the United States" 4765:"Does the sharing economy increase inequality within the eighty percent?: findings from a qualitative study of platform providers" 4497: 182:
into "rich" and "poor" countries. Since then, income levels across countries have been converging, with most people now living in
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certain amount of redistribution would be justified to compensate for this force but not because of the inequalities themselves.
1819: 1693: 8992:
Andersen, Robert; Fetner, Tina (2008). "Economic Inequality and Intolerance: Attitudes toward Homosexuality in 35 Democracies".
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by 2030, up from $ 1.5 trillion in 2015. $ 1.7 trillion in green energy investment is required each year, while the majority of
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Acemoglu, Daron; Robinson, James A.; Verdier, Thierry (2017). "Asymmetric Growth and Institutions in an Interdependent World".
6618:
Clark, J. R.; Lawson, Robert A. (2008). "The Impact of Economic Growth, Tax Policy and Economic Freedom on Income Inequality".
1617: 1141: 1121:, which implies that women are usually accumulated in lower-paid positions and sectors, such as social services and education. 1034: 812:
for an income distribution before taxation and the Gini index after taxation is an indicator for the effects of such taxation.
402: 9853: 9818: 9675: 9640: 7908: 7208: 6925: 9191: 8662: 8496: 5938: 5290: 4999: 2619: 2423: 2263: 1975: 473:
There is a significant difference in the measured wealth distribution and the public's understanding of wealth distribution.
7426: 5485:
Herring, Cedric; Conley, Dalton (March 2000). "Being Black, Living in the Red: Race, Wealth, and Social Policy in America".
4526:(report no. CRR WP 1999-06). Chestnut Hill, MA: Center for Retirement Research at Boston College. p. 43. Archived from 10443: 10420: 8039:
The liberal theory of justice : a critical examination of the principal doctrines in A theory of justice by John Rawls
4463: 2418: 2296:, who may also feel that policies which would reduce inequality are direct attacks on their favored version of capitalism, 1841: 1697: 1398:. The study says that 25% of gap between the developed world and the developing world can be attributed to global warming. 603: 467: 232: 4594:
Baten, JΓΆrg; Hippe, Ralph (2017). "Geography, land inequality and regional numeracy in Europe in historical perspective".
3220: 2529: 6697: 6067: 5933:(1st Harvard University Press paperback ed.). Cambridge, MA; London: The Belknap Press of Harvard University Press. 5024: 4131: 3649:
NovotnΓ½, Josef (2007). "On the measurement of regional inequality: Does spatial dimension of income inequality matter?".
1988:
within capitalism. The process of job automation conflicts with the capitalist property form and its attendant system of
1494: 1288: 801: 7819:
Connell, Brendan J.; Dorr, Dalton C.; Shin, Adrian J. (March 6, 2021). "Inequality and the Partisan Political Economy".
5420: 5039: 2537: 1932:: Higher income inequality led to less of all forms of social, cultural, and civic participation among the less wealthy. 1366: 744:, if competition is imperfect; information unevenly distributed; opportunities to acquire education and skills unequal; 9481: 8884: 8856: 8834: 8812: 8788: 8766: 8740: 8724: 8700: 8681: 8641: 8620: 8601: 8575: 8522: 8453: 8396: 8264: 8021: 7983: 7939: 7887: 7370:
Kang, Songman (2015). "Inequality and crime revisited: Effects of local inequality and economic segregation on crime".
7092: 6905: 6768: 6668: 6356: 5743: 5711: 5442:
Bloome, D.; Western, B. (December 1, 2011). "Cohort Change and Racial Differences in Educational and Income Mobility".
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has published studies which found that the decline of unionization in many advanced economies and the establishment of
8115:"NS Essay – 'Accumulation of wealth is unjust where it arises not from hard work and risk-taking enterprise, but from 8114: 7343:
Ezcurra, Roberto; Palacios, David (2016). "Terrorism and spatial disparities: Does interregional inequality matter?".
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here seems to some sort of cap on inequality – a limit to the economic divisions a country can ultimately cope with.
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Danaei, Goodarz; Rimm, Eric B.; Oza, Shefali; Kulkarni, Sandeep C.; Murray, Christopher J. L.; Ezzati, Majid (2010).
4224: 3068: 1884:, increasing socioeconomic inequality, along with rising healthcare costs, surging addiction rates, and an unhealthy 1849: 1423: 897: 686:. This is an important measure of inequality as the basic utility of the wealth or income is the expenditure. People 186:. However, inequality within the population in most has risen significantly in the last 30 years, particularly among 8478: 7535:"No Matter How We Measure Poverty, the Poverty Rate Would Be Much Lower If Economic Growth Were More Broadly Shared" 3146: 2196:
In most western democracies, the desire to eliminate or reduce economic inequality is generally associated with the
10435: 10071: 9351:; Turnovsky, Stephen J. (2007). "Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade-offs?". 8099:'KILLING THE NOOB' A thesis on Meritocracy and what it has to do with Massive Multiplayer Online Role Playing Games 7620: 7199:"Life expectancy in the US keeps going down, and a new study says America's worsening inequality could be to blame" 6474:; Turnovsky, Stephen J. (2007). "Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade-offs?". 6357:"'Friending Bias' / A large new study offers clues about how lower-income children can rise up the economic ladder" 5812:
Peil, Margaret (January 1990). "Intergenerational mobility through education: Nigeria, Sierra Leone and Zimbabwe".
5393: 5323: 5091:"Income inequality and its driving forces in transitional countries: evidence from Armenia, Azerbaijan and Georgia" 1552:
Research shows that since 1300, the only periods with significant declines in wealth inequality in Europe were the
575: 420:
The logarithmic scale shows how wealth has increased for all percentile groups, though moreso for wealthier people.
323: 9463: 7932:
The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present
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policy or social stratification, leading to ethnic communities that experience widespread gaps in wealth and aid.
155:, which is a statistic composite index that takes inequality into account. Important concepts of equality include 10782: 10777: 10717: 10254: 4521:
Lifetime Earnings Patterns, the Distribution of Future Social Security Benefits, and the Impact of Pension Reform
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was facilitated by men advancing through their own merit rather than because of family or political connections.
1770: 1705: 1406: 1136: 915: 260:
The main reason for increasing inequality seems to be the difference between the demand for and supply of skills.
4805: 4685: 1766:, with Sweden ranking as the most innovative nation, followed by Finland, for 2012–2013; the U.S. ranked sixth. 831: 10131: 9806: 8549: 8355: 8046: 4144: 2018: 1993: 1782: 1520: 869: 437:
on July 22, 2014, the "richest 1 percent in the United States now own more wealth than the bottom 90 percent".
408:
The average personal wealth of people in the top 1% is more than a thousand times that of people in bottom 50%.
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Brady, David; Burton, Linda M., eds. (April 5, 2017). "The Oxford Handbook of the Social Science of Poverty".
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recommend much higher top marginal tax rates on the wealthy, up to 50 percent, 70 percent or even 90 percent.
1325:
argues that countries with larger financial sectors have greater inequality, and the link is not an accident.
4464:"Diversifying Society's Leaders? The Determinants and Consequences of Admission to Highly Selective Colleges" 2293: 1746: 1717: 1453: 8973: 8319:
Fukuda-Parr, Sakiko (2003). "The Human Development Paradigm: Operationalizing Sen's Ideas on Capabilities".
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Neapolitan, Jerome L (1999). "A comparative analysis of nations with low and high levels of violent crime".
3286: 10802: 10787: 10415: 10389: 10300: 9412:
Sala-i-Martin, X. (2006). "The World Distribution of Income: Falling Poverty and ... Convergence, Period".
8391:, Sterling, VA & Ottawa, Ontario: Earthscan International Development Research Centre, pp. 22–48, 7672:
Robert C. Lieberman; Suzanne Mettler; Thomas B. Pepinsky; Kenneth M. Roberts; Richard Valelly (June 2019).
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Vallejo, Jody Agius (December 2010). "Generations of exclusion: Mexican Americans, assimilation and race".
4437: 3383: 1763: 1737: 1023:": Change in real income between 1988 and 2008 at various income percentiles of global income distribution. 774: 334: 183: 9385:(1932) , "Part I, Chapter VIII: Economic welfare and changes in the distribution of the national dividend 8143: 7763:"Does inequality lead to civil wars? A global long-term study using anthropometric indicators (1816–1999)" 5258:
Richardson, Jason; Mitchell, Bruce C.; Meier, Helen C.S.; Lynch, Emily; Edlebi, Jad (September 10, 2020).
3848:
Era Dabla-Norris; Kalpana Kochhar; Nujin Suphaphiphat; Frantisek Ricka; Evridiki Tsounta (June 15, 2015).
2141:
Patrick Diamond and Anthony Giddens (professors of Economics and Sociology, respectively) hold that 'pure
1787:
A lot of research has been done about the effects of economic inequality on different aspects in society:
1015: 494:, economic inequality between states had declined, but intrastate inequality has increased for 70% of the 10797: 10792: 10425: 10410: 10397: 9724:
Morrisson, Christian; Wayne, Snyder (2000). "The income inequality of France in historical perspective".
7558: 7534: 4336:(Chart labeled "Effective tax rates by income".) Analysis by economists Emmanuel Saez and Gabriel Zucman. 4089: 928: 500: 368: 27: 8755:
The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century
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The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century
1996:, meaning that less workers are required in proportion to capital inputs, increasing unemployment (the " 10807: 10754: 10558: 8758: 8437: 7973: 6760: 6545: 4711: 4360:: (n) progressive tax (any tax in which the rate increases as the amount subject to taxation increases) 3808:"Rising inequality affecting more than two-thirds of the globe, but it's not inevitable: new UN report" 3406: 1604:
reduces absolute income inequality when the higher rates on higher-income individuals are paid and not
1542:: increasing the supply of skilled labor and reducing income inequality due to education differentials. 914:
as one of the causes of economic inequality. In an analysis of the effects of intensive Anglo-American
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Chetty, Raj; Jackson, Matthew O.; Kuchler, Theresa; Stroebel, Johannes; et al. (August 1, 2022).
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have been proven to not be effective in resolving economic inequalities but have instead worsened it.
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Norton, Michael I.; Ariely, Dan (2011). "Building a Better America – One Wealth Quintile at a Time".
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raises incomes and promotes growth because it helps to unleash the productive potential of the poor.
431:, the top 400 richest Americans "have more wealth than half of all Americans combined." According to 364: 228: 144: 107: 9870: 9835: 9692: 9657: 9365: 9149: 9045: 8951:"Support for Democracy in Cross-national Perspective: The Detrimental Effect of Economic Inequality" 8413:"Neoliberal Policies, Institutions Have Prompted Preference for Greater Inequality, New Study Finds" 6488: 3623:"Income inequality in America is the highest it's been since census started tracking it, data shows" 752:
this means that there is an enormous potential role for government to correct such market failures.
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Borjas, George (July 1991). Ethnic Capital and Intergenerational Mobility (Report). Cambridge, MA.
4641: 2408: 2297: 1709: 1449: 1118: 1010: 805: 649: 346: 1560:
posits that, since the Stone Age, only extreme violence, catastrophes and upheaval in the form of
10483: 10214: 9348: 9120: 7084: 6930: 6471: 3193:"The '1%' are the main drivers of climate change, but it hits the poor the hardest: Oxfam report" 2381: 2330: 2310: 2281: 1845: 1773:
which aims to garner international efforts in reducing economic inequality considerably by 2030.
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Research has generally linked economic inequality to political and social instability, including
164: 137: 8510: 6378:
Bradley, David; Huber, Evelyne; Moller, Stephanie; Nielsen, François; Stephens, John D. (2011).
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Bossuroy, Thomas; Cogneau, Denis (April 18, 2013). "Social Mobility in Five African Countries".
3487: 3024: 3018: 1452:'s World Investment Report, poorer countries would need $ 4 trillion per year to accomplish the 100: 10600: 10323: 9865: 9830: 9687: 9652: 9360: 9144: 9040: 8927: 8802: 6483: 4184: 3849: 1997: 1881: 1357: 1037:. He attributes this trend to increased trade with poor countries and the fragmentation of the 961: 955: 939: 735: 133: 125: 9441:
Seguino, Stephanie (2000). "Gender Inequality and Economic Growth: A Cross-Country Analysis".
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Public policy responses addressing causes and effects of income inequality in the US include:
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reported that the richest 1% of adults alone owned 40% of global assets in the year 2000. The
326:), gaps in access to education, and barriers to employment and career progression for women." 318:. It concluded that key sources of inequality in these countries include "a large, persistent 286:), the wages of the 10% best-paid workers have risen relative to those of the 10% lowest paid. 10731: 10582: 9124: 8364: 7484:"How Much do External Factors Affect Wellbeing? A Way to Use 'Happiness Economics' to Decide" 7078: 4609: 4022:
OECD Framework for Statistics on the Distribution of Household Income, Consumption and Wealth
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by a class of owners, creating a situation where a small portion of the population lives off
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inequality, but pervasive inequities in access to education, health care, and finance remain.
92: 63: 10592: 8536: 7574: 6784:
Moyes, P (1988). "A note on minimally progressive taxation and absolute income inequality".
4527: 4357: 2511: 2300:. In addition, some feel that economic inequality has not actually increased significantly. 2200:. One practical argument in favor of reduction is the idea that economic inequality reduces 1056:", a significant driver of surging global inequality. Another driver Hickel mentions is the 10639: 10634: 10624: 10338: 10318: 10099: 10064: 9988: 9938:"Tracing the beginning of the Kuznets curve: Western Europe during the early modern period" 9559: 9473: 9394: 8866: 8844: 8559: 8180: 7875: 7299: 7273:"Social Democratic Nations Rank Happiest on Global Index (Again). US Ranking Falls (Again)" 6318: 6257: 4866: 3833:
Improving job quality and reducing gender gaps are essential to tackling growing inequality
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Paul Krugman estimates that trade liberalisation has had a measurable effect on the rising
179: 8384: 8376: 7723: 7706: 7162:
Pickett, KE; Wilkinson, RG (March 2015). "Income inequality and health: a causal review".
8: 10709: 10606: 10363: 10293: 10244: 10219: 10121: 10116: 8904:(September 2, 2019). "Widening Gyre: The rise and fall and rise of economic inequality". 8148: 8011: 6971: 6910: 6870: 4105: 4071:"Consumption Inequality: What's in Your Shopping Basket? | JPMorgan Chase Institute" 4025:. Organisation for Economic Co-operation and Development. 2013 – via OECD iLibrary. 3627: 3225: 2488: 2478: 2391: 2237: 2100: 2054: 1962: 1591: 1360:
per person, though the rate of increase diminishes with average GDP/pp of about $ 10,000.
1038: 903: 889: 671: 667: 607: 565: 160: 9992: 9563: 8197: 6546:"Why Market Imperatives Invigorate Economic Inequality? Cobb-Douglas Utility Remodelled" 6322: 6278: 6261: 6245: 6151:"Billionaires emit a million times more greenhouse gases than the average person: Oxfam" 6124: 3314:– Michael Moore says 400 Americans have more wealth than half of all Americans combined" 1894:: The cross national research shows that in societies with less economic inequality the 1430: 9973: 9960: 9937: 9909: 9770: 9741: 9710:
How rich were the rich? An empirically-based taxonomy of pre-industrial bases of wealth
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factors such as returns from property. Inheritance is a form of brute-luck inequality'"
7844: 7654: 7387: 7056: 6801: 6600: 6453: 6445: 6410: 6339: 6306: 5911: 5872: 5794: 5675: 5578: 5510: 5467: 5369: 5342: 5304: 5193: 5110: 4391: 4282: 4256: 3770: 3729: 3666: 2839: 2831: 2738: 2468: 2402: 2350: 2062: 1503: 1353: 1053: 951: 433: 250: 156: 9454: 8829:. Radcliffe Lectures. Oxford & New York: Clarendon Press Oxford University Press. 7329: 5825: 5726:
de Ferranti, David; Perry, Guillermo E.; Ferreira, Francisco; Walton, Michael (2004).
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Wealth concentration is the process by which, under certain conditions, newly created
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results. Many such imperfect conditions exist in virtually every market. According to
636:
In 2012 the Gini index for income inequality for whole European Union was only 30.6%.
136:(how the total sum of wealth owned by people is distributed among the owners), and c) 10702: 10629: 10348: 10288: 10283: 10038: 10000: 9774: 9631: 9615: 9599: 9587: 9477: 9400: 9374: 9340: 9307: 9220: 9208: 9175:
The Great Separation: Top Earner Segregation at Work in Advanced Capitalist Economies
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The Lion's Share: Inequality and the Rise of the Fiscal State in Preindustrial Europe
8449: 8392: 8260: 8052: 8042: 8017: 7989: 7979: 7955: 7935: 7883: 7848: 7836: 7782: 7650: 7634: 7464: 7391: 7179: 7088: 7060: 6866:
Wealth Gap Widens In Rich Countries As Austerity Threatens To Worsen Inequality: OECD
6846: 6805: 6764: 6623: 6497: 6457: 6344: 6283: 5990:
Inequality and Instability: A Study of the World Economy Just before the Great Crisis
5934: 5903: 5864: 5829: 5798: 5786: 5739: 5707: 5667: 5622: 5582: 5570: 5502: 5459: 5374: 5308: 5296: 5286: 5197: 5185: 5148: 5114: 5090: 4971: 4886: 4847: 4786: 4660:"Huge new study shows trickle-down economics makes inequality worse, researchers say" 4627: 4573: 4371: 4286: 4274: 4220: 4214: 4140: 4109: 3774: 3721: 3461:"You call this a meritocracy? How rich inheritance is poisoning the American economy" 3118: 3064: 3028: 2999: 2913: 2875: 2843: 2782: 2742: 2730: 2683: 2615: 2463: 2453: 2438: 2370: 2365: 2209: 2165: 2050: 2008: 1985: 1981: 1867: 1823: 1689: 1613: 1609: 1569: 1345: 1174: 1130: 1109: 1069: 854: 381: 187: 129: 54:
Differences in national income equality around the world as measured by the national
20: 9745: 8340: 8276: 7674:"The Trump Presidency and American Democracy: A Historical and Comparative Analysis" 7658: 7175: 6044:"The world's top 1% of emitters produce over 1000 times more CO2 than the bottom 1%" 5876: 5679: 5471: 5248:"Mapping Inequality." Digital Scholarship Lab, dsl.richmond.edu/panorama/redlining/. 5065: 4348:: Tax levied at a rate that increases as the quantity subject to taxation increases. 3670: 1580:
A 2011 OECD study makes a number of suggestions to its member countries, including:
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argued that levels of economic inequality are in large part the result of stages of
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An introduction to the human development and capability approach freedom and agency
8328: 8240: 7828: 7778: 7774: 7718: 7685: 7646: 7379: 7356: 7352: 7325: 7203: 7171: 7141: 7046: 7038: 6793: 6590: 6557: 6524: 6493: 6437: 6402: 6394: 6334: 6326: 6273: 6265: 6246:"The persistence of cognitive biases in financial decisions across economic groups" 5856: 5821: 5776: 5768: 5731: 5699: 5657: 5649: 5612: 5562: 5494: 5451: 5364: 5354: 5278: 5215: 5177: 5140: 5102: 5066:"Evidence From Census 2000 About Earnings by Detailed Occupation for Men and Women" 4878: 4839: 4776: 4565: 4418: 4383: 4266: 4159:"Neoliberalism is increasing inequality and stunting economic growth, the IMF says" 4101: 4052: 3919: 3760: 3733: 3713: 3658: 3110: 3056: 2989: 2949: 2945: 2905: 2867: 2823: 2772: 2722: 2564: 2375: 2360: 2345: 2335: 2173: 2074: 1971: 1721: 1539: 1145: 911: 800:
Additionally, steeper tax progressivity applied to social spending can result in a
723: 625: 617: 612: 591: 495: 438: 206: 148: 55: 50: 10033: 10016: 8941: 8239:
The relation between economic inequality and political inequality is explained by
7832: 6414: 6379: 6220:"UNSDG | Developing countries face staggering $ 4 trillion investment gap in SDGs" 4994: 4345: 4270: 85: 10749: 10665: 10353: 10328: 10057: 8750: 8652: 8589: 8585: 6750: 6702: 6669:"Inequality Has Historically Been Leveled Only By Terrible Violence And Upheaval" 5359: 5106: 5003: 4940: 3547: 3517:"Bill Gates, Jeff Bezos and Warren Buffett are wealthier than poorest half of US" 3465: 3349: 3174: 2609: 2591: 2448: 2433: 2428: 2315: 2217: 2213: 2201: 2154: 2117: 2078: 2001: 1966: 1853: 1682: 1624:
legislation has also been proposed as a means of reducing income inequality. The
1601: 1557: 1545: 1468: 1442: 1415: 1322: 1307: 846: 792: 769: 749: 587: 482: 386: 319: 264:
The study made the following conclusions about the level of economic inequality:
9887:
Stewart, Frances (2016). "Changing perspectives on inequality and development".
9425: 9278:
Kenworthy, Lane (2010). "Rising Inequality, Public Policy, and America's Poor".
8332: 7596:"'Trickle-down consumption': How rising inequality can leave everyone worse off" 6018:"The United States has caused the most global warming. When will China pass it?" 4244: 1516:
outside of government intervention that can reduce economic inequality include:
214:
one-third, with most of this being achieved via public social spending (such as
10017:"Inequality as experienced difference: A reformulation of the Gini coefficient" 9802: 8969: 8906: 8901: 8776: 7074: 6754: 6441: 6330: 6269: 5617: 5600: 4905:"SOF/Heyman | The Society of Fellows and Heyman Center for the Humanities" 4553: 4328:"America's richest 400 families now pay a lower tax rate than the middle class" 4126: 3807: 2677: 2325: 2289: 2197: 2185: 2149: 1917: 1871: 1807: 1755: 1742: 1725: 1659: 1643: 1419: 1391: 1283: 1117:
hiring women because of possible maternity leave. Other reason for this can be
1087: 1020: 745: 741: 703: 545: 537: 450: 9900: 9844: 9737: 9701: 9666: 9517: 9465:
Who Loses in the Downturn? Economic Crisis, Employment and Income Distribution
9204: 9083: 7993: 7690: 7673: 7383: 7231: 6642: 6511:
Carroll, Christopher; Slacalek, Jiri; Kiichi, Tokuoka; White, Matthew (2017).
5781: 5703: 5300: 4642:
IMF: The last generation of economic policies may have been a complete failure
4569: 3662: 2835: 2777: 2760: 714:
resulted in "increased inequality" and are stunting economic growth globally.
10771: 10723: 10688: 10333: 10184: 10042: 9332: 9135:
Galor, Oded; Zeira, Joseph (1993). "Income Distribution and Macroeconomics".
8531: 8506: 8380: 8056: 7905:"The Normative View of Marxian Theory on Income Distribution under Socialism" 7840: 7786: 7581: 7277: 6999: 6950: 5907: 5868: 5833: 5790: 5671: 5626: 5574: 5506: 5463: 5189: 4924: 4890: 4851: 4790: 4577: 4278: 4136: 4113: 3717: 3571:"World's witnessing a new Gilded Age as billionaires' wealth swells to $ 6tn" 3492: 3371: 3340: 3114: 3060: 3003: 2909: 2871: 2814:
MacCulloch, Robert (2005). "Income Inequality and the Taste for Revolution".
2800: 2786: 2734: 2243: 2205: 2177: 2110: 2090: 1815: 1685: 1666: 1651: 1639: 1513: 1244: 1238: 1095: 1060:
system which advanced the need for structural adjustment in the first place.
1006: 932: 583: 541: 533: 459: 210: 174: 121: 9316: 9291: 9031:
Barro, Robert J. (1991). "Economic Growth in a Cross Section of Countries".
7934:. Cambridge & New York: Press Syndicate of the University of Cambridge. 7621:"Income Inequality and Participation: A Comparison of 24 European Countries" 7468: 6244:
Ruggeri, Kai; Ashcroft-Jones, S.; Abate Romero Landini, G. (June 26, 2023).
5529:"Why the racial wealth gap persists, more than 150 years after emancipation" 4302:"More than half of U.S. households have some investment in the stock market" 2037:
stated that the progression of Western economic development that led to the
976:
restrict the volume of work remaining for the minority of platform workers.
46:
Share of income of the top 1% for selected developed countries, 1975 to 2015
10616: 10358: 10204: 9591: 9572: 9212: 9116: 8870: 8712:
Income Distribution Dynamics of Economic Systems: An Econophysical Approach
8613:
Affluence and influence: Economic inequality and political power in America
8555: 8353: 8126: 8102:(Bachelor of Arts with Honours thesis). Swinburne University of Technology. 7183: 6901: 6348: 6287: 6101: 6092: 5378: 4781: 4764: 3947: 3725: 3689: 3253: 2458: 2160: 2066: 2034: 1837: 1799: 1729: 1675: 1438: 1395: 1311: 1301: 1157: 1091: 1045: 893: 315: 9784:"The evolution of top incomes: a historical and international perspective" 9404: 9070:
Barro, Robert J. (2000). "Inequality and Growth in a Panel of Countries".
8710: 8488: 8226: 6562: 6125:"Climate change: Global 'elite' will need to slash high-carbon lifestyles" 6097:"World's richest 1% cause double CO2 emissions of poorest 50%, says Oxfam" 5860: 5735: 5282: 4843: 4037: 2994: 2977: 2208:, thereby weakening the society. There is evidence that this is true (see 1078:
The gender gap in median earnings of full-time employees according to the
883: 808:
in the US can also decrease income inequality. The difference between the
128:(how the total sum of money paid to people is distributed among them), b) 10682: 10343: 10273: 10239: 10209: 10179: 9112: 8822: 8798: 7051: 6967:"How an anti-rentier agenda might bring liberals, conservatives together" 6643:"The top rich in Europe in the long run of history (1300 to present day)" 6398: 6243: 6004:
The Price of Inequality: How Today's Divided Society Endangers Our Future
5976:
The Price of Inequality: How Today's Divided Society Endangers Our Future
5653: 4216:
The Price of Inequality: How Today's Divided Society Endangers Our Future
3765: 3748: 2898:
Cederman, Lars-Erik; Gleditsch, Kristian Skrede; Buhaug, Halvard (2013).
2340: 2320: 2277: 2250: 2212:) and it is intuitive, at least for small face-to-face groups of people. 2181: 2142: 2129: 2029: 1961:
attribute the vast disparities in wealth to the private ownership of the
1647: 1605: 1506: 1264: 1135:
There is also a globally recognized disparity in the wealth, income, and
707: 549: 9928: 9433: 9299: 9023: 6604: 6449: 6406: 5662: 5566: 5455: 3943:"Global inequality 'as marked as it was at peak of western imperialism'" 3850:
Causes and Consequences of Income Inequality : A Global Perspective
2569: 10368: 10158: 9964: 9526: 9270: 9185:
Goudarzi, Shahrzad; Badaan, Vivienne; Knowles, Eric D. (May 10, 2022).
9166: 9062: 9014: 8007: 7157: 7155: 6797: 6595: 6578: 6307:"Social capital I: measurement and associations with economic mobility" 5915: 5891: 5772: 5514: 4479: 4395: 4056: 3318: 2106: 2095: 2073:
regardless of whether it leads to unequal wealth distribution. In 1966
1989: 1629: 1621: 1594:) would help to boost their productivity potential and future earnings. 1532: 1434: 1113: 1074: 1029: 993: 907: 837: 809: 788: 765: 727: 710: 706:
argues that widening economic disparity is an inevitable phenomenon of
699:
has been driven mostly by increasing inequality in wages and salaries.
687: 643: 629: 454: 446: 442: 428: 194: 9879: 9766: 9241: 8676:(3rd ed.). Manchester, NY: Manchester University Press Palgrave. 6836:"Unequal Inequalities: Do Progressive Taxes Reduce Income Inequality?" 4882: 4519:
Bosworth, Barry; Burtless, Gary; Steuerle, C. Eugene (December 1999).
4422: 3685:
Jobs and social security needed as income inequality widens, UNDP warn
2270: 690:
the inequality directly in consumption, rather than income or wealth.
10587: 10278: 10193: 10163: 10153: 10148: 8567: 7623:
GINI Discussion Paper No. 6 (Amsterdam Centre for Inequality Studies)
5236:
Economic Mobility Project: An Initiative of the Pew Charitable Trusts
2713:
Hung, Ho-Fung (2021). "Recent Trends in Global Economic Inequality".
2473: 2443: 2221: 1958: 1628:
asserts that public spending is vital in reducing the ever-expanding
1561: 1268: 1204: 821: 655: 616:
Countries' income inequality according to their most recent reported
363:
A study by the World Institute for Development Economics Research at
307: 291: 198: 9956: 9508: 9262: 9158: 9054: 7959: 7152: 6926:
Economists to Congress: It's Time for a "Robin Hood Tax" on the Rich
5498: 4867:"Uneven Growth: Automation's Impact on Income and Wealth Inequality" 4387: 4183:
Ostry, Jonathan D.; Loungani, Prakash; Furceri, Davide (June 2016).
2978:"Is Economic Inequality Really a Problem? A Review of the Arguments" 2254:
it becomes more difficult to reduce the gap without additional aid.
2069:
generally do not take a stance on wealth inequality, but believe in
1429:
In July 2023, a letter sent to the United Nations secretary general
9554: 9492: 8636:. WIDER Studies in Development Economics. Oxford University Press. 8097: 7042: 6513:"The distribution of wealth and the marginal propensity to consume" 5181: 4482:
schools plus others with similar prestige, rankings or selectivity.
4261: 3249:"World's five richest men double their money as poorest get poorer" 2827: 1895: 1811: 1713: 1229: 877: 796: 385:
5.50 a day likely increased by 500 million. According to economist
9187:"Neoliberalism and the Ideological Construction of Equity Beliefs" 8876:
The spirit level: why more equal societies almost always do better
8223:"Inequality and Happiness: Are Europeans and Americans Different?" 7865:. West Sussex, England: John Wiley & Sons, Ltd., 2007. p. 107. 6821:
The Spirit Level: Why More Equal Societies Almost Always Do Better
6529: 6512: 5220: 4623:
IMF agrees: Decline of union power has increased income inequality
2761:"Rising Inequality As a Threat to the Liberal International Order" 597: 555: 10261: 10049: 9534:
Stewart, Alexander J.; McCarty, Nolan; Bryson, Joanna J. (2020).
9249:
Kaldor, Nicholas (1955). "Alternative Theories of Distribution".
8693:
Class war?: What Americans really think about economic inequality
4610:
Is the U.S. a Good Model for Reducing Social Exclusion in Europe?
3868: 3543:"The Paradise Papers Are Just a Glimpse at the Unreal Wealth Gap" 3278: 2014:
From each according to his ability, to each according to his need
1803: 1199:
African countries, too, continue to deal with the effects of the
1105: 731: 693: 215: 9121:"Theoretical and methodological pathways for research on elites" 8164:
Pope Francis condemns inequality, thus refusing to play the game
6835: 5259: 4968:
The Divide: A Brief Guide to Global Inequality and its Solutions
3991:"Country Comparison: Distribution of family income – Gini index" 3597:"World's billionaires became 20% richer in 2017, report reveals" 2220:, and Robert MacCulloch find that inequality negatively affects 257:
In the bottom percentiles, number of hours worked has decreased.
10695: 10310: 10081: 8354:
UNDP (United Nations Development Programme) (January 1, 1990).
7707:"Unwelcome Change: Coming to Terms with Democratic Backsliding" 6380:"Distribution and Redistribution in Postindustrial Democracies" 5324:"Can the Racial Wealth Gap Be Closed Without Speaking of Race?" 3053:
Press Release for Divided We Stand: Why Inequality Keeps Rising
2176:
will be relatively high, because more people who want ordinary
1916:: Income inequality has been the driving factor in the growing 1857: 1654:, the United Front Against Austerity, among others, call for a 1590:
Better job-related training and education for the low-skilled (
1437:
by a group of over 200 economists from 67 countries, including
1278: 1274: 1178: 683: 679: 571: 311: 295: 275: 68: 9186: 8849:
The impact of inequality: how to make sick societies healthier
7799: 5931:
Global inequality: a new approach for the age of globalization
5725: 4806:"Temping fate: can TaskRabbit go from side gigs to real jobs?" 4462:
Chetty, Raj; Deming, David J.; Friedman, John N. (July 2023).
10143: 8731:
Salverda, Wiemer; Nolan, Brian; Smeeding, Timothy M. (2009).
8654:
Foundations of Real-World Economics (3rd Edition) Section 9.1
8630:
GradΓ­n, Carlos; Leibbrandt, Murray; Tarp, Finn, eds. (2021).
6177:"Top economists call for action on runaway global inequality" 5955:
U.S. university endowment size vs. real annual rate of return
3969: 3864:"IMF calls for fiscal policies that tackle rising inequality" 1402: 518: 377: 299: 283: 279: 9468:. Research in Labor Economics. Vol. 32. pp. 1–50. 8383:(2009), "The human development and capability approach", in 7635:"Income distribution, political instability, and investment" 6304: 6042:
Cozzi, Laura; Chen, Olivia; Kim, Hyeji (February 22, 2023).
5257: 3642: 2801:"Parametric estimations of the world distribution of income" 1769:
There are however global initiative like the United Nations
1671:
others see a small one, but none finds any serious damage."
1535:
initiatives intended to reduce economic inequality include:
151:
being a widely used one. Another type of measurement is the
9536:"Polarization under rising inequality and economic decline" 6427: 5698:, Princeton: Princeton University Press, pp. 165–191, 4990: 3836: 3197: 1625: 1411: 1386: 1344:
Scaling the effect of wealth to the national level: richer
1079: 1057: 579: 532:, a four-year research project organized by the economists 6906:
Time for a Sales Tax on Wall Street Financial Transactions
6510: 6299: 6297: 4865:
Moll, Benjamin; Rachel, Lukasz; Restrepo, Pascual (2022).
4738:"Myths of the 1 Percent: What's Putting People at the Top" 4455: 4088:
Neckerman, Kathryn M.; Torche, Florencia (July 18, 2007).
1662:) to bolster the social safety net and the public sector. 902:
John Schmitt and Ben Zipperer (2006) of the CEPR point to
8917: 8361:(Report). Oxford & New York: Oxford University Press. 8304:
Amartya Sen (1999). "Poverty as Capability Deprivation".
7236: 6377: 4939:
Slaughter, Matthew J.; Swagel, Phillip (September 1997).
4904: 3411: 2007:
Marxist socialists ultimately predict the emergence of a
1041:, resulting in low skilled jobs becoming more tradeable. 965: 16:
Distribution of income or wealth between different groups
9347: 8783:. Cambridge & New York: Cambridge University Press. 8072:"Income Inequality Is Not Rising Globally. It's Falling" 6834:
Duncan, Denvil, Klara Sabirianova Peter (October 2012).
6470: 4518: 2280:
think tanks funded by corporations and the wealthy like
1575: 492:
United Nations Department of Economic and Social Affairs
7463:(2nd ed.). Upper Saddle River N.J: Prentice-Hall. 7028: 6726:"A Dilemma for Humanity: Stark Inequality or Total War" 6294: 3852:. International Monetary Fund. Retrieved June 16, 2015. 2897: 1860:
issued) in countries and states with higher inequality.
1802:
have found higher rates of health and social problems (
1587:
Facilitation and encouragement of access to employment.
884:
Economic liberalism, deregulation and decline of unions
562:
List of countries by wealth per adult Β§ By country
9752: 4829: 4491: 4036:
Attanasio, Orazio P.; Pistaferri, Luigi (April 2016).
2538:"World Wealth Distribution And Income Inequality 2022" 290:
A 2011 OECD study investigated economic inequality in
240:
Organisation for Economic Co-operation and Development
9184: 8730: 5340: 5275:
The good citizen: the markers of privilege in America
4438:"More than a Dozen Alternative Ways of Spelling Gini" 674:
for judging economic inequality, comparing levels of
9533: 8629: 7880:
Karl Marx's Economics: Critical Assessments I and II
7136: 7134: 6886:
For Two Economists, the Buffett Rule Is Just a Start
5846: 5639: 5394:"How Redlining, Racism Harm Black Americans' Health" 4461: 4182: 2611:
As Gods Among Men: A History of the Rich in the West
2180:
and services will be able to afford them, while the
1974:
so that income differentials would be reflective of
1328: 791:
coupled with the progressivity of the tax system. A
644:
Consumption distribution within individual countries
586:
and their expected development, real estate prices,
33:"Rich and poor" redirects here. For other uses, see 9819:"Income inequality in the United States, 1913–1998" 8505: 8299: 8297: 8144:
Pope: "King Money" Culture is Hurting Young and Old
7761:Baten, Joerg; Mumme, Christina (December 1, 2013). 4369: 4035: 3273: 3271: 2271:
Arguments that economic inequality is not a problem
1984:attributes rising inequality to job automation and 10661:Socialism for the rich and capitalism for the poor 8735:. Oxford & New York: Oxford University Press. 8554: 7704: 6009: 5599:Bowles, Samuel; Gintis, Herbert (August 1, 2002). 5266: 4864: 3913:Kaplan, Juliana; Kiersz, Andy (December 7, 2021). 3892:"The Commitment to Reducing Inequality Index 2018" 3168:"Growth of millionaires in India fastest in world" 3139:"Stock quotes, financial tools, news and analysis" 2585:Inequality-adjusted Human Development Index (IHDI) 481:and Dan Ariely of the Department of Psychology at 380:'s 2021 report on global inequality said that the 9493:"A Contribution to the Theory of Economic Growth" 7131: 4941:"Does Globalization Lower Wages and Export Jobs?" 4769:Cambridge Journal of Regions, Economy and Society 3746: 3308:Kertscher, Tom; Borowski, Greg (March 10, 2011). 3307: 2378:, disproportionate economic advancement of Europe 1356:countries. Emissions are roughly proportional to 10769: 9889:Studies in Comparative International Development 9461: 8865: 8369: 8294: 7161: 6037: 6035: 5814:International Journal of Educational Development 5413:"Communities, Schools, Workplaces, & Events" 4996:OECD Employment Outlook 2008 – Statistical Annex 4897: 4319: 3890:Lawson, Max; Martin, Matthew (October 9, 2018). 3787: 3279:"Evolution of wealth indicators, USA, 1913–2019" 3268: 2971: 2969: 2967: 2965: 2963: 2961: 2959: 2935: 2859: 2758: 935:economics have fueled rising income inequality. 574:is calculated by various factors, for instance: 10459:Largest financial services companies by revenue 9816: 9781: 8691:Page, Benjamin I.; Jacobs, Lawrence R. (2009). 8112: 7818: 7342: 6698:"One Recipe for a More Equal World: Mass Death" 5758: 4938: 4435: 4208: 4206: 4087: 598:Income distribution within individual countries 556:Wealth distribution within individual countries 9723: 8991: 8958:Research in Social Stratification and Mobility 8584: 8375: 7632: 7413: 4729: 4492:Becker, Gary S.; Murphy, Kevin M. (May 2007). 3794:Peterson Institute for International Economics 3452: 2863:Economic Origins of Dictatorship and Democracy 2759:Flaherty, Thomas M.; Rogowski, Ronald (2021). 694:Factors proposed to affect economic inequality 147:are used for measuring income inequality, the 10454:Largest corporations by market capitalization 10065: 9676:"Russian inequality on the eve of revolution" 9673: 9411: 8674:The distribution and redistribution of income 8016:. Belknap Press of Harvard University Press. 8000: 7619:Bram Lancee and Hermanvande Werfhorst (2011) 7230:Coughlan, Sean; Brown, David (May 14, 2019). 7229: 6068:"How global warming has made the rich richer" 6032: 5968: 5959: 5484: 5441: 3221:"COVID Has Made Global Inequality Much Worse" 3107:Divided We Stand: Why Inequality Keeps Rising 3050: 3046: 3044: 2956: 1888:, are causes of unhappiness around the world. 938:Contrary to the proponents of neoliberalism, 10014: 9674:Lindert, Peter H.; Steven, Nafziger (2014). 8476: 8198:"inequity - Traduction anglais-arabe | PONS" 8036: 6851:: CS1 maint: multiple names: authors list ( 6148: 6041: 5598: 4300:Parker, Kim; Fry, Richard (March 25, 2020). 4203: 3912: 3889: 3703: 3480: 3426: 3398: 2860:Acemoglu, Daron; Robinson, James A. (2005). 2554: 2191: 201:. Research suggests that greater inequality 10656:The rich get richer and the poor get poorer 9613: 9399:(4th ed.), London: Macmillan and Co., 8318: 8303: 7737: 7633:Alesina, Alberto; Perotti, Roberto (1996). 7407: 6617: 5167: 5134: 5009: 4703: 4372:"Distributive Politics and Economic Growth" 4370:Alesina, Alberto; Dani Rodrick (May 1994). 3790:The Future of Worldwide Income Distribution 3364: 3333: 3301: 3101: 3099: 3097: 3095: 3093: 3091: 3089: 3087: 2675: 2414:List of countries by distribution of wealth 2136: 1728:spending, and placing limits on and taxing 1678:are popular across the political spectrum. 1460:continues to flow to established nations. 1418:by the rich is a significant driver of the 354:inequality-adjusted Human Development Index 153:Inequality-adjusted Human Development Index 10464:Largest manufacturing companies by revenue 10072: 10058: 9227: 9134: 9098:Cousin, Bruno; Chauvin, SΓ©bastien (2021). 8733:The Oxford handbook of economic inequality 8690: 8410: 8259:, 2006, 120 pages, Yale University Press, 7760: 7665: 7315: 5993:(New York: Oxford University Press, 2012). 5889: 5417:Centers for Disease Control and Prevention 4915: 4593: 4408: 3747:Hammar, Olle; WaldenstrΓΆm, Daniel (2020). 3041: 3020:The World Transformed: 1945 to the Present 2813: 804:across the board. Tax credits such as the 490:According to a January 2020 report by the 395:Net personal wealth in the U.S. since 1962 10032: 9869: 9834: 9691: 9656: 9581: 9571: 9553: 9516: 9364: 9314: 9277: 9148: 9044: 9013: 8931: 8843: 8821: 8477:Alfani, Guido; Tullio, Matteo Di (2019). 7722: 7689: 7507: 7458: 7442: 7050: 6594: 6561: 6528: 6487: 6354: 6338: 6277: 6149:Ward-Glenton, Hannah (November 8, 2022). 5928: 5780: 5661: 5616: 5368: 5358: 5219: 4780: 4677: 4299: 4260: 3788:Hellebrandt, TomΓ‘Ε‘; Mauro, Paolo (2015). 3764: 3405:Pepitone, Julianne (September 22, 2010). 3023:. Boston: Bedford/St. Martin's. pp.  2993: 2866:. Cambridge: Cambridge University Press. 2776: 2568: 2512:"GINI index (World Bank estimate) | Data" 1953: 91:Tents of the homeless on the sidewalk in 9817:Piketty, Thomas; Emmanuel, Saez (2003). 9782:Piketty, Thomas; Emmanuel, Saez (2006). 8948: 8775: 8749: 8695:. Chicago: University of Chicago Press. 8436: 8253:Market Capitalism and Human Dispositions 7740:"How to Lose a Constitutional Democracy" 7232:"Inequality driving 'deaths of despair'" 7196: 6749: 6666: 5063: 4736:Rothwell, Jonathan (November 17, 2017). 4735: 4686:"Is technology making inequality worse?" 4657: 4212: 3861: 3404: 3191:Clifford, Catherine (January 26, 2021). 3190: 3084: 2976:Peterson, E. Wesley F. (December 2017). 2975: 2231: 2224:in Europe but not in the United States. 1840:have found lower rates of social goods ( 1493: 1228: 1073: 1014: 773: 611: 62: 49: 41: 10474:Largest technology companies by revenue 9886: 9638: 9614:Crayen, Dorothee; Joerg, Baten (2010). 9440: 8671: 8249:The Distribution of Political Resources 7902: 7587: 7552: 7416:"Happiness: Has Social Science A Clue?" 6964: 6924:Erika Eichelberger (October 30, 2013). 6859: 6691: 6689: 6543: 6122: 6015: 5552: 5145:10.1093/oxfordhb/9780199914050.001.0001 5088: 4608:Schmitt, John and Ben Zipperer. 2006. " 4219:(Kindle ed.). Norton. p. 34. 3940: 3749:"Global Earnings Inequality, 1970–2018" 3648: 3620: 3458: 3432: 3407:"Forbes 400: The super-rich get richer" 2535: 2113:can satisfy Rawls's theory of justice. 2044: 1694:Aid to Families with Dependent Children 1674:General limitations on and taxation of 1254: 1224: 10770: 10542:Income inequality in the United States 10537:Wealth inequality in the United States 10015:Bowles, Samuel; Carlin, Wendy (2020). 9935: 9641:"Real inequality in Europe since 1500" 9248: 9100:"Is there a global super-bourgeoisie?" 8900: 8610: 8517:. Amsterdam & New York: Elsevier. 8173: 7971: 7929: 7593: 7481: 7446: 7270: 7259:The Journal of the Economics of Ageing 7024: 7022: 6992: 6833: 6723: 6695: 6667:Scheidel, Walter (February 23, 2017). 6640: 6576: 6091: 5594: 5592: 5391: 5321: 5213: 4965: 4803: 4763:Schor, Juliet B. (February 10, 2017). 4709: 4658:Srikanth, Anagha (December 17, 2020). 4551: 4485: 4325: 4242: 3862:Dunsmuir, Lindsay (October 11, 2017). 3621:Telford, Taylor (September 26, 2019). 3540: 3218: 2607: 2506: 2504: 2257: 1584:Well-targeted income-support policies. 1163: 205:and macroeconomic stability, and that 19:For the more general social form, see 10469:Largest software companies by revenue 10053: 9907: 9851: 9490: 9381: 9317:"Why the Surge in Income Inequality?" 9192:Perspectives on Psychological Science 9069: 9030: 8994:American Journal of Political Science 8807:. New York: Oxford University Press. 8347: 8069: 8006: 7767:European Journal of Political Economy 7724:10.1146/annurev-polisci-050517-114628 7508:Bernstein, Jared (January 13, 2014). 7345:European Journal of Political Economy 7197:Woodward, Aylin (November 30, 2019). 6993:Grusky, David B. (March–April 2013). 6783: 6065: 6050:. International Energy Agency (IEA). 5890:Korpi, Walter; Palme, Joakim (1998). 5692: 5272: 5209: 5207: 5130: 5128: 5126: 5124: 5095:Journal of Comparative Social Welfare 5037: 4928:. London. April 19, 2008. p. 81. 4762: 4589: 4587: 4552:Shealy, Craig N. (November 1, 2009). 4238: 4236: 4156: 4090:"Inequality: Causes and Consequences" 3706:Perspectives on Psychological Science 3594: 3568: 3514: 3370: 3339: 3246: 2931: 2929: 2901:Inequality, Grievances, and Civil War 2893: 2891: 2855: 2853: 2754: 2752: 2708: 2706: 2671: 2669: 2424:List of countries by wealth per adult 2264:Perspectives on Psychological Science 1576:Policy responses intended to mitigate 1489: 322:, widespread regional divides (e.g., 10449:Largest corporate profits and losses 9353:Journal of Money, Credit and Banking 8650: 7874: 7802:European Review of Political Economy 7731: 7698: 7559:"Conservative Inequality Denialism," 7369: 7073: 6724:Porter, Eduardo (December 6, 2016). 6686: 6476:Journal of Money, Credit and Banking 6367:from the original on August 1, 2022. 5811: 5404: 4970:. Windmill Books. pp. 175–176. 4683: 4106:10.1146/annurev.soc.33.040406.131755 3016: 2712: 2643: 2641: 2639: 2637: 2635: 2633: 2631: 2596:United Nations Development Programme 2419:List of countries by income equality 1718:organizing community interest groups 778:Total effective tax rates (includes 604:List of countries by income equality 468:United Nations Development Programme 233:List of countries by income equality 71:by wealth group, Credit Suisse, 2021 10522:Countries by number of billionaires 9971: 9726:European Review of Economic History 8797: 8442:The Political Economy of Inequality 7510:"Poverty and Inequality, in Charts" 7019: 6841:. Institute for the Study of Labor. 6355:Leonhardt, David (August 1, 2022). 6174: 6123:McGrath, Matt (December 10, 2020). 6054:from the original on March 3, 2023. 6028:from the original on March 1, 2023. 5589: 5410: 5260:"Redlining and Neighborhood Health" 5040:"A Bargain At 77 Cents To a Dollar" 4476:from the original on July 31, 2023. 4469:. Opportunity Insights. p. 2. 4245:"Income Inequality, Cause and Cure" 4132:Capital in the Twenty-First Century 3941:Elliott, Larry (December 7, 2021). 3433:Kristof, Nicholas (July 22, 2014). 3376:"The Forbes 400 vs. Everybody Else" 3285:. World Inequality Database. 2022. 2501: 1480: 1317: 1289:Capital in the Twenty-First Century 787:Another cause is the rate at which 13: 10079: 9497:The Quarterly Journal of Economics 9474:10.1108/S0147-9121(2011)0000032004 9414:The Quarterly Journal of Economics 9173:Godechot, Olivier et al. (2024). " 9033:The Quarterly Journal of Economics 8633:Inequality In The Developing World 8465: 8095: 7711:Annual Review of Political Science 7414:Richard Layard (March 3–5, 2003). 6696:Taylor, Matt (February 22, 2017). 6641:Alfani, Guido (January 15, 2017). 5392:Howell, Brittani (June 24, 2020). 5204: 5121: 5017:"Are Women Earning More Than Men?" 4832:The Quarterly Journal of Economics 4710:Rotman, David (October 21, 2014). 4621:Michael Hiltzik (March 25, 2015). 4584: 4334:from the original on May 11, 2024. 4326:Picchi, Aimee (October 17, 2019). 4233: 3595:Neate, Rupert (October 26, 2018). 3569:Neate, Rupert (October 26, 2017). 3515:Neate, Rupert (November 8, 2017). 3247:Neate, Rupert (January 14, 2024). 3219:Joseph, Stiglitz (March 1, 2022). 3051:GurrΓ­a, Angel (December 5, 2011). 2926: 2888: 2850: 2749: 2703: 2666: 1597:Better access to formal education. 1556:and the two World Wars. Historian 14: 10819: 10171:Primitive accumulation of capital 10008: 9974:"Geography of inequality in Asia" 9936:Van, Zanden; Jan, Luiten (1995). 8113:Anthony Giddens (June 27, 2005). 7738:Huq, Aziz; Ginsburg, Tom (2018). 6620:The Journal of Private Enterprise 6006:, p. 334. Norton. Kindle Edition. 4947:. 11. International Monetary Fund 4684:Basu, Kaushik (January 6, 2016). 4494:"The Upside of Income Inequality" 3541:Taylor, Matt (November 9, 2017). 3289:from the original on July 5, 2023 2727:10.1146/annurev-soc-090320-105810 2628: 1329:Global warming and climate change 1048:contends that globalization and " 898:Labor unions in the United States 802:more equal distribution of income 624:Income inequality is measured by 594:and technical advancements, etc. 10517:Cities by number of billionaires 10001:10.1111/j.1931-0846.2016.12212.x 9714:Explorations in Economic History 9632:10.1111/j.1468-0289.2009.00499.x 9375:10.1111/j.0022-2879.2007.00029.x 9006:10.1111/j.1540-5907.2008.00352.x 8430: 8404: 8312: 8269: 8245:The Presence of a Market Economy 8233: 8215: 8190: 8156: 8133: 8106: 8089: 8063: 8030: 7965: 7948: 7923: 7896: 7868: 7855: 7812: 7793: 7754: 7626: 7613: 7568: 7527: 7501: 7475: 7452: 7423:Lionel Robbins Memorial Lectures 7398: 7363: 7336: 7309: 7292: 7271:Conley, Julia (March 20, 2019). 7264: 7251: 7223: 7190: 7101: 7067: 6986: 6965:Konczal, Mike (March 30, 2013). 6958: 6938: 6918: 6895: 6878: 6827: 6812: 6777: 6743: 6717: 6660: 6634: 6611: 6570: 6537: 6504: 6498:10.1111/j.0022-2879.2007.00029.x 6464: 6421: 6371: 6212: 6194: 6168: 6142: 6116: 6085: 6059: 6016:Stevens, Harry (March 1, 2023). 5996: 5981: 5978:(p. 32). Norton. Kindle Edition. 5947: 5922: 5883: 5840: 5805: 5752: 5719: 5686: 5633: 5605:Journal of Economic Perspectives 5546: 5521: 5478: 5435: 5385: 5334: 4045:Journal of Economic Perspectives 3459:Bruenig, Matt (March 24, 2014). 3435:"An Idiot's Guide to Inequality" 2816:The Journal of Law and Economics 2157:, June 27, 2005, New Statesman) 1365: 1337: 1185: 1000: 845: 830: 717: 413: 401: 345: 340:Countries by total wealth (2022) 333: 110:, roughly 12 miles from downtown 99: 84: 78:Wealth disparity in major cities 10718:The Theory of the Leisure Class 10593:Acquired situational narcissism 8709:Ribeiro, Marcelo Byrro (2020). 8566:(2nd ed.). Massachusetts: 8515:Handbook of income distribution 8162:Andrew Brown (April 28, 2014). 7594:Plumer, Brad (March 27, 2013). 7372:Journal of Population Economics 7176:10.1016/j.socscimed.2014.12.031 6884:Annie Lowrey (April 16, 2012). 6583:The Journal of Developing Areas 5601:"The Inheritance of Inequality" 5315: 5251: 5242: 5228: 5161: 5082: 5064:Weinberg, Daniel H (May 2004). 5057: 5038:Lukas, Carrie (April 3, 2007). 5031: 4984: 4959: 4932: 4858: 4823: 4797: 4756: 4651: 4635: 4615: 4602: 4545: 4512: 4478:Figure 3. "Ivy-Plus" refers to 4429: 4402: 4363: 4351: 4346:Britannica Concise Encyclopedia 4339: 4293: 4176: 4150: 4120: 4081: 4063: 4029: 4013: 3983: 3962: 3934: 3906: 3883: 3855: 3842: 3826: 3800: 3781: 3740: 3697: 3683:Mark Anderson (July 24, 2014). 3677: 3614: 3588: 3562: 3534: 3508: 3488:"Inequality – Inherited wealth" 3240: 3212: 3184: 3161: 3131: 3010: 2807: 2793: 2679:The Globalization of Inequality 2172:When income inequality is low, 2081:of economic thought, explains: 1948: 1771:Sustainable Development Goal 10 1458:green foreign direct investment 1407:Stockholm Environment Institute 1295: 1035:inequality in the United States 222: 10532:Countries by wealth inequality 10132:History of economic inequality 9823:Quarterly Journal of Economics 9251:The Review of Economic Studies 9137:The Review of Economic Studies 8615:. Princeton University Press. 8483:. Cambridge University Press. 8070:Cowen, Tyler (July 19, 2014). 7779:10.1016/j.ejpoleco.2013.06.007 7357:10.1016/j.ejpoleco.2016.01.004 6577:Keller, Katarina R.I. (2010). 6202:"WORLD INVESTMENT REPORT 2023" 5322:Badger, Emily (May 10, 2019). 5023:. May 12, 2006. Archived from 4804:Newton, Casey (May 23, 2013). 4376:Quarterly Journal of Economics 3970:"World Inequality Report 2022" 3651:The Annals of Regional Science 2950:10.1016/j.worlddev.2015.10.038 2904:. Cambridge University Press. 2682:. Princeton University Press. 2676:Bourguignon, FranΓ§ois (2015). 2614:. Princeton University Press. 2601: 2577: 2548: 2536:Ventura, Luca (June 6, 2023). 2024: 1994:organic composition of capital 1783:Effects of economic inequality 1086:In many countries, there is a 906:and the reduction of business 1: 10034:10.1016/j.econlet.2019.108789 9607: 9455:10.1016/S0305-750X(00)00018-8 9179:American Journal of Sociology 8942:10.1016/j.jpubeco.2003.07.006 8537:Inequality: What Can Be Done? 8356:Human Deuelopment Report 1990 7833:10.1080/00344893.2021.1883100 7705:Walder, D.; Lust, E. (2018). 7330:10.1016/S0047-2352(98)00064-6 7300:"World Happiness Report 2019" 7164:Social Science & Medicine 6995:"What to Do about Inequality" 5826:10.1016/s0738-0593(09)90008-6 4496:. The America. Archived from 4271:10.1080/05775132.2022.2046883 4243:Kausik, B. N. (May 3, 2022). 4191:. International Monetary Fund 2557:"Measuring income inequality" 2495: 2294:American Enterprise Institute 1142:intergenerational wealth gaps 987: 945: 10499:Number of billionaire alumni 10444:Largest companies by revenue 7651:10.1016/0014-2921(95)00030-5 7031:Journal of Political Economy 6935:Retrieved November 15, 2013. 6430:American Sociological Review 6066:Uchoa, Pablo (May 6, 2019). 6002:Stiglitz, Joseph E. (2012). 5974:Stiglitz, Joseph E. (2012). 5896:American Sociological Review 5360:10.1371/journal.pmed.1000248 5170:Journal of Political Economy 5107:10.1080/17486831.2012.749504 5006:. OECD, Paris, 2008, p. 358. 4358:Princeton University WordNet 4213:Stiglitz, Joseph E. (2012). 2649:"Introduction to Inequality" 2077:, a prominent figure in the 1764:Global Competitiveness Index 1738:Journal of Political Economy 960:The growth in importance of 815: 124:for a) income inequality or 7: 9708:Milanovic, Branko (2024). " 9680:Journal of Economic History 9645:Journal of Economic History 9639:Hoffman, Philip T. (2002). 9426:10.1162/qjec.2006.121.2.351 8920:Journal of Public Economics 8825:; Foster, James E. (1997). 8333:10.1080/1354570022000077980 8153:Retrieved December 8, 2013. 8096:Li, Robert (July 1, 2011). 7459:Blanchard, Olivier (2000). 7318:Journal of Criminal Justice 5761:Review of Income and Wealth 5728:Inequality in Latin America 4712:"Technology and Inequality" 4157:Stone, Jon (May 27, 2016). 2598:. Retrieved: March 3, 2019. 2583:Human Development Reports. 2303: 1844:, educational performance, 1720:, increasing and reforming 1688:adjustments, strengthening 1463: 929:International Monetary Fund 501:International Monetary Fund 197:, democratic breakdown and 10: 10824: 9972:Wei, Yehua Dennis (2017). 9803:10.1257/000282806777212116 9072:Journal of Economic Growth 8970:10.1016/j.rssm.2012.04.002 8759:Princeton University Press 8717:Cambridge University Press 8672:Lambert, Peter J. (2001). 8540:Cambridge, Massachusetts: 7975:Anarchy, state, and utopia 7930:Landes, David. S. (1969). 7482:Oswald, Andrew J. (2003). 6892:Retrieved August 17, 2013. 6761:Princeton University Press 6442:10.1177/000312240607100604 6331:10.1038/s41586-022-04996-4 6270:10.1038/s41598-023-36339-2 6206:UN Trade & development 5929:MilanoviΔ‡, Branko (2018). 5849:Journal of Human Resources 5618:10.1257/089533002760278686 4596:Journal of Economic Growth 4185:"Neoliberalism: Oversold?" 4094:Annual Review of Sociology 2765:International Organization 2715:Annual Review of Sociology 2555:Trapeznikova, Ija (2019). 2262:A 2022 study published in 2235: 2184:will not be as relatively 2004:for the capitalist class. 1942:Political party responses: 1842:life expectancy by country 1780: 1776: 1384:A 2019 study published in 1299: 1258: 1236: 1201:Trans-Atlantic Slave Trade 1128: 1067: 1004: 949: 910:along with the decline of 887: 819: 763: 721: 647: 601: 559: 274:With very few exceptions ( 226: 32: 25: 18: 10745: 10674: 10648: 10615: 10578: 10571: 10527:Countries by total wealth 10509: 10434: 10406:List of centibillionaires 10388: 10381: 10309: 10250:High-net-worth individual 10232: 10095: 10088: 9901:10.1007/s12116-016-9222-x 9845:10.1162/00335530360535135 9738:10.1017/S1361491600000149 9702:10.1017/S002205071400059X 9667:10.1017/S0022050702000529 9491:Solow, Robert M. (1956). 9205:10.1177/17456916211053311 8949:Andersen, Robert (2012). 8411:Communications, NYU Web. 8365:Human Deuelopment Reports 8308:. New York: Anchor Books. 7691:10.1017/S1537592718003286 7539:Economic Policy Institute 7384:10.1007/s00148-015-0579-3 7080:Social Democratic America 6786:Social Choice and Welfare 5953:pp. 384 Table 12.2, 5704:10.1515/9781400835492.165 5002:December 6, 2008, at the 4632:Retrieved March 26, 2015. 4570:10.1891/1942-0617.1.2.135 4189:Finance & Development 3663:10.1007/s00168-007-0113-y 3310:"The Truth-O-Meter Says: 2778:10.1017/S0020818321000163 2397:Income inequality metrics 2192:Effects on social welfare 1656:financial transaction tax 1433:and World Bank president 1194: 1090:in favor of males in the 1063: 666:is an alternative to the 523:Reducing Inequality Index 365:United Nations University 229:Income inequality metrics 145:Income inequality metrics 108:Holmby Hills, Los Angeles 10139:International inequality 10127:Consumption distribution 9791:American Economic Review 9396:The economics of welfare 9349:GarcΓ­a-PeΓ±alosa, Cecilia 9333:10.1177/0094306116681789 9315:Kenworthy, Lane (2017). 8542:Harvard University Press 8387:; Shahani, Lila (eds.), 8181:The Economics of Welfare 7978:. Blackwell Publishing. 7678:Perspectives on Politics 7639:European Economic Review 6472:GarcΓ­a-PeΓ±alosa, Cecilia 4436:Shlomo Yitzhaki (1998). 4038:"Consumption Inequality" 3718:10.1177/1745691610393524 3694:Retrieved July 24, 2014. 3115:10.1787/9789264119536-en 3061:10.1787/9789264119536-en 2910:10.1017/cbo9781139084161 2872:10.1017/cbo9780511510809 2409:International inequality 2298:laissez-faire capitalism 2137:Social justice arguments 1976:individual contributions 1880:: According to the 2019 1870:each other, measures of 1119:occupational segregation 1011:International inequality 921:labor market flexibility 806:Earned Income Tax Credit 759: 660:consumption distribution 650:Consumption distribution 10215:Conspicuous consumption 9945:Economic History Review 9908:Sutch, Richard (2017). 9858:Economic History Review 9755:Economic History Review 9620:Economic History Review 9292:10.2753/0577-5132530606 9084:10.1023/A:1009850119329 8781:The elements of justice 8611:Gilens, Martin (2012). 8170:Retrieved May 27, 2014. 7972:Nozick, Robert (1974). 7085:Oxford University Press 6915:Retrieved June 5, 2013. 6818:Pickett and Wilkinson, 6544:Maialeh, Robin (2019). 5137:Oxford Handbooks Online 5089:Habibov, Nazim (2012). 2542:Global Finance Magazine 2382:Human Development Index 2331:Criticism of capitalism 2311:Accumulation of capital 2282:The Heritage Foundation 1978:to the social product. 1752:Scandinavian capitalism 1474:The Price of Inequality 1352:per person than poorer 1210: 1124: 1101:Knowledge and Decisions 992:Economists have linked 530:World Inequality Report 479:Harvard Business School 203:hinders economic growth 184:middle-income countries 165:equality of opportunity 10783:Economic globalization 10778:Distribution of wealth 10601:Argumentum ad crumenam 9917:Social Science History 9573:10.1126/sciadv.abd4201 9321:Contemporary Sociology 9230:Policy Studies Journal 8879:. London: Allen Lane. 8827:On economic inequality 8804:Development as Freedom 8594:The new egalitarianism 8306:Development as Freedom 8277:"The toll of job loss" 6875:Retrieved May 14, 2013 6517:Quantitative Economics 6095:(September 20, 2020). 5642:Quantitative Economics 5487:Contemporary Sociology 5411:CDC (April 30, 2020). 5273:Myers, JoAnne (2020). 4966:Hickel, Jason (2018). 4411:Policy Studies Journal 3345:"America Is Not Broke" 3173:June 23, 2013, at the 3017:Hunt, Michael (2004). 2608:Alfani, Guido (2023). 2590:July 12, 2019, at the 2126: 2088: 2071:equality under the law 2061:However, contemporary 1998:reserve army of labour 1954:Socialist perspectives 1882:World Happiness Report 1832:: British researchers 1724:subsidies, increasing 1616:result in progressive 1499: 1348:countries emit more CO 1234: 1216:practices such as the 1083: 1024: 962:information technology 956:Information Technology 940:trickle-down economics 795:is a tax by which the 784: 736:Neoclassical economics 664:consumption inequality 621: 515:political polarization 510: 134:distribution of wealth 126:distribution of income 72: 60: 47: 10732:The Wealth of Nations 10583:Diseases of affluence 9852:Saito, Osamu (2015). 9812:on December 26, 2011. 9125:Socio-Economic Review 8867:Wilkinson, Richard G. 8851:. London: Routledge. 8845:Wilkinson, Richard G. 8560:Sala-i-Martin, Xavier 8511:Bourguignon, FranΓ§ois 8489:10.1017/9781108568043 8257:On Political Equality 8037:Barry, Brian (1975). 7876:Wood, John Cunningham 7863:Using Political Ideas 6763:. pp. 438, 444. 6563:10.2298/PAN160220031M 5861:10.1353/jhr.2013.0012 5736:10.1596/0-8213-5665-8 5283:10.4324/9781351006705 5027:on December 10, 2008. 4716:MIT Technology Review 4075:www.jpmorganchase.com 3997:. CIA. Archived from 2995:10.3390/socsci6040147 2236:Further information: 2232:Capabilities approach 2148:They also state that 2122: 2083: 2039:Industrial Revolution 1936:Political instability 1846:trust among strangers 1566:Communist revolutions 1497: 1232: 1077: 1050:structural adjustment 1018: 859:Industrial Revolution 777: 615: 505: 180:distributed bimodally 106:An affluent house in 93:Skid Row, Los Angeles 66: 53: 45: 10640:Venture philanthropy 10635:Philanthrocapitalism 10547:Most expensive items 10421:Wealthiest Americans 10401:list of billionaires 10100:Capital accumulation 8532:Atkinson, Anthony B. 8507:Atkinson, Anthony B. 8448:. pp. 240–241. 8229:on February 1, 2014. 8149:Moyers & Company 8142:(December 2, 2013). 8129:on December 9, 2007. 7261:. 17 (2020): 100275. 7211:on December 18, 2019 7146:equalitytrust.org.uk 7119:on November 27, 2020 6954:. December 14, 2013. 6399:10.1353/wp.2003.0009 5987:James K. Galbraith, 5654:10.2139/ssrn.1066819 4782:10.1093/cjres/rsw047 4744:. The New York Times 4690:World Economic Forum 3753:The Economic Journal 3149:on September 5, 2011 2484:Wealth concentration 2387:Humanistic economics 2356:Economic equilibrium 2045:Liberal perspectives 1834:Richard G. Wilkinson 1796:Richard G. Wilkinson 1760:World Economic Forum 1735:A 2017 study in the 1602:Progressive taxation 1546:Progressive taxation 1525:wealth concentration 1261:Wealth concentration 1255:Wealth concentration 1225:Economic development 1030:Trade liberalization 26:For other uses, see 10803:Population concepts 10788:Economic inequality 10696:Greek god of wealth 10607:Prosperity theology 10426:Wealthiest families 10411:Female billionaires 10245:Captain of industry 10220:Conspicuous leisure 10122:Income distribution 10117:Wealth distribution 10112:Economic inequality 9993:2017GeoRv.107..263W 9981:Geographical Review 9929:10.1017/ssh.2017.27 9564:2020SciA....6.4201S 8926:(9–10): 2009–2042. 8041:. Clarendon Press. 8013:A Theory of Justice 6972:The Washington Post 6946:"The logical floor" 6911:The Huffington Post 6890:The New York Times. 6871:The Huffington Post 6673:The Huffington Post 6323:2022Natur.608..108C 6262:2023NatSR..1310329R 6022:The Washington Post 5567:10.1057/lst.2010.45 5533:The Washington Post 5044:The Washington Post 4844:10.1093/qje/qjaa004 4445:Economic Inequality 4306:Pew Research Center 3628:The Washington Post 3226:Scientific American 2803:. January 22, 2010. 2570:10.15185/izawol.462 2489:Wealth distribution 2479:Theories of poverty 2392:Income distribution 2286:Manhattan Institute 2258:Societal acceptance 2238:Capability approach 2101:A Theory of Justice 1963:means of production 1930:Civic participation 1692:provisions such as 1658:(also known as the 1618:government spending 1592:on-the-job training 1521:propensity to spend 1164:Westernized Nations 1039:means of production 927:More recently, the 904:economic liberalism 890:Economic liberalism 672:wealth distribution 668:income distribution 608:Income distribution 566:Wealth distribution 550:western imperialism 161:equality of outcome 118:Economic inequality 10798:Occupy Wall Street 10793:Libertarian theory 10559:Wealthiest animals 9518:10338.dmlcz/143862 9387:(section I.VIII.3) 8910:. pp. 26–29. 8385:Deneulin, SΓ©verine 8377:Deneulin, SΓ©verine 8321:Feminist Economics 8186:Arthur Cecil Pigou 8076:The New York Times 7580:July 11, 2012, at 7565:(October 25, 2012) 7142:"The Spirit Level" 7087:. pp. 88–93. 6904:(April 18, 2013). 6798:10.1007/BF00735763 6730:The New York Times 6596:10.1353/jda.0.0052 6361:The New York Times 6250:Scientific Reports 5782:10.1111/roiw.12037 5773:10.1111/roiw.12037 5328:The New York Times 4922:"Economic Focus". 4742:The New York Times 4558:Beliefs and Values 4500:on January 2, 2014 4057:10.1257/jep.30.2.3 3995:The World Factbook 3814:. January 21, 2020 3766:10.1093/ej/ueaa109 3759:(632): 2526–2545. 3439:The New York Times 2561:IZA World of Labor 2516:data.worldbank.org 2469:Spatial inequality 2403:Inequality for All 2351:Economic democracy 2116:Classical liberal 2063:classical liberals 1856:, even numbers of 1702:food stamp program 1614:social safety nets 1500: 1490:Mitigating factors 1235: 1084: 1054:race to the bottom 1025: 952:Digital Revolution 880:in these regions. 785: 622: 620:values as of 2018. 434:The New York Times 251:Assortative mating 188:advanced countries 73: 61: 48: 10808:Social inequality 10765: 10764: 10741: 10740: 10630:The Giving Pledge 10567: 10566: 10377: 10376: 10021:Economics Letters 9880:10.1111/ehr.12071 9767:10.1111/ehr.12122 9443:World Development 9242:10.1111/psj.12094 9103:Sociology Compass 8664:978-1-000-84789-5 8498:978-1-108-56804-3 7911:on March 14, 2015 7861:Barbara Goodwin. 7109:"Goal 10 targets" 7007:on April 20, 2013 6317:(7921): 108–121. 5940:978-0-674-98403-5 5456:10.1093/sf/sor002 5423:on August 5, 2020 5292:978-1-351-00669-9 4883:10.3982/ECTA19417 4646:Business Insider. 4628:Los Angeles Times 4423:10.1111/psj.12094 3374:(March 7, 2011). 3343:(March 6, 2011). 2938:World Development 2621:978-0-691-22712-2 2464:Social inequality 2454:Public university 2439:Poverty reduction 2371:Equal opportunity 2366:Economic security 2210:inequity aversion 2166:Evangelii gaudium 2009:communist society 1986:capital deepening 1982:Marxian economics 1886:work–life balance 1824:deaths of despair 1690:social safety net 1610:transfer payments 1570:French Revolution 1502:Countries with a 1401:A 2020 report by 1146:cycles of poverty 1131:Social inequality 1070:Gender inequality 870:quality education 855:income inequality 592:natural resources 382:COVID-19 pandemic 352:Countries by the 130:wealth inequality 21:Social inequality 10815: 10625:Gospel of Wealth 10576: 10575: 10386: 10385: 10197: 10188: 10105:Overaccumulation 10093: 10092: 10074: 10067: 10060: 10051: 10050: 10046: 10036: 10004: 9978: 9968: 9942: 9932: 9914: 9904: 9883: 9873: 9848: 9838: 9813: 9811: 9805:. Archived from 9788: 9778: 9749: 9705: 9695: 9670: 9660: 9635: 9603: 9585: 9575: 9557: 9548:(50): eabd4201. 9541:Science Advances 9530: 9520: 9487: 9458: 9449:(7): 1211–1230. 9437: 9408: 9391:Pigou, Arthur C. 9383:Pigou, Arthur C. 9378: 9368: 9359:(2–3): 369–394. 9344: 9311: 9274: 9245: 9224: 9199:(5): 1431–1451. 9170: 9152: 9095: 9066: 9048: 9027: 9017: 8988: 8986: 8984: 8979:on June 24, 2021 8978: 8972:. Archived from 8955: 8945: 8935: 8914: 8890: 8862: 8840: 8818: 8794: 8772: 8751:Scheidel, Walter 8746: 8706: 8687: 8668: 8651:John, K (2023). 8647: 8626: 8607: 8590:Diamond, Patrick 8586:Giddens, Anthony 8581: 8556:Barro, Robert J. 8528: 8502: 8460: 8459: 8434: 8428: 8427: 8425: 8423: 8408: 8402: 8401: 8373: 8367: 8362: 8360: 8351: 8345: 8344: 8327:(2–3): 301–317. 8316: 8310: 8309: 8301: 8292: 8291: 8289: 8287: 8273: 8267: 8243:in the chapters 8241:Robert Alan Dahl 8237: 8231: 8230: 8225:. Archived from 8219: 8213: 8212: 8210: 8208: 8194: 8188: 8177: 8171: 8160: 8154: 8137: 8131: 8130: 8125:. Archived from 8110: 8104: 8103: 8093: 8087: 8086: 8084: 8082: 8067: 8061: 8060: 8034: 8028: 8027: 8004: 7998: 7997: 7969: 7963: 7952: 7946: 7945: 7927: 7921: 7920: 7918: 7916: 7907:. Archived from 7900: 7894: 7893: 7872: 7866: 7859: 7853: 7852: 7816: 7810: 7809: 7797: 7791: 7790: 7758: 7752: 7751: 7735: 7729: 7728: 7726: 7702: 7696: 7695: 7693: 7669: 7663: 7662: 7645:(6): 1203–1228. 7630: 7624: 7617: 7611: 7610: 7608: 7606: 7591: 7585: 7572: 7566: 7563:The New Republic 7561:by Timothy Noah 7556: 7550: 7549: 7547: 7545: 7531: 7525: 7524: 7522: 7520: 7505: 7499: 7498: 7491:The Psychologist 7488: 7479: 7473: 7472: 7456: 7450: 7440: 7434: 7433: 7432:on June 3, 2013. 7431: 7425:. 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Archived from 6990: 6984: 6983: 6981: 6979: 6962: 6956: 6955: 6942: 6936: 6922: 6916: 6899: 6893: 6882: 6876: 6863: 6857: 6856: 6850: 6842: 6840: 6831: 6825: 6816: 6810: 6809: 6792:(2–3): 227–234. 6781: 6775: 6774: 6751:Scheidel, Walter 6747: 6741: 6740: 6738: 6736: 6721: 6715: 6714: 6712: 6710: 6693: 6684: 6683: 6681: 6679: 6664: 6658: 6657: 6655: 6653: 6638: 6632: 6631: 6615: 6609: 6608: 6598: 6574: 6568: 6567: 6565: 6541: 6535: 6534: 6532: 6508: 6502: 6501: 6491: 6482:(2–3): 369–394. 6468: 6462: 6461: 6425: 6419: 6418: 6384: 6375: 6369: 6368: 6352: 6342: 6301: 6292: 6291: 6281: 6241: 6235: 6234: 6232: 6230: 6216: 6210: 6209: 6198: 6192: 6191: 6189: 6187: 6175:Elliott, Larry. 6172: 6166: 6165: 6163: 6161: 6146: 6140: 6139: 6137: 6135: 6120: 6114: 6113: 6111: 6109: 6089: 6083: 6082: 6080: 6078: 6063: 6057: 6055: 6039: 6030: 6029: 6013: 6007: 6000: 5994: 5985: 5979: 5972: 5966: 5963: 5957: 5951: 5945: 5944: 5926: 5920: 5919: 5887: 5881: 5880: 5844: 5838: 5837: 5809: 5803: 5802: 5784: 5756: 5750: 5749: 5723: 5717: 5716: 5690: 5684: 5683: 5665: 5637: 5631: 5630: 5620: 5596: 5587: 5586: 5550: 5544: 5543: 5541: 5539: 5525: 5519: 5518: 5482: 5476: 5475: 5439: 5433: 5432: 5430: 5428: 5419:. Archived from 5408: 5402: 5401: 5389: 5383: 5382: 5372: 5362: 5338: 5332: 5331: 5319: 5313: 5312: 5270: 5264: 5263: 5255: 5249: 5246: 5240: 5239: 5232: 5226: 5225: 5223: 5211: 5202: 5201: 5176:(6): 1153–1189. 5165: 5159: 5158: 5132: 5119: 5118: 5086: 5080: 5079: 5077: 5075: 5070: 5061: 5055: 5054: 5052: 5050: 5035: 5029: 5028: 5013: 5007: 4988: 4982: 4981: 4963: 4957: 4956: 4954: 4952: 4936: 4930: 4929: 4919: 4913: 4912: 4901: 4895: 4894: 4877:(6): 2645–2683. 4862: 4856: 4855: 4827: 4821: 4820: 4818: 4816: 4801: 4795: 4794: 4784: 4760: 4754: 4753: 4751: 4749: 4733: 4727: 4726: 4724: 4722: 4707: 4701: 4700: 4698: 4696: 4681: 4675: 4674: 4672: 4670: 4655: 4649: 4639: 4633: 4619: 4613: 4606: 4600: 4599: 4591: 4582: 4581: 4549: 4543: 4542: 4540: 4538: 4533:on July 19, 2010 4532: 4525: 4516: 4510: 4509: 4507: 4505: 4489: 4483: 4477: 4475: 4468: 4459: 4453: 4452: 4442: 4433: 4427: 4426: 4406: 4400: 4399: 4367: 4361: 4355: 4349: 4343: 4337: 4335: 4323: 4317: 4316: 4314: 4312: 4297: 4291: 4290: 4264: 4240: 4231: 4230: 4210: 4201: 4200: 4198: 4196: 4180: 4174: 4173: 4171: 4169: 4154: 4148: 4124: 4118: 4117: 4085: 4079: 4078: 4067: 4061: 4060: 4042: 4033: 4027: 4026: 4017: 4011: 4010: 4008: 4006: 3987: 3981: 3980: 3978: 3976: 3966: 3960: 3959: 3957: 3955: 3938: 3932: 3931: 3929: 3927: 3920:Business Insider 3910: 3904: 3903: 3901: 3899: 3887: 3881: 3880: 3878: 3876: 3859: 3853: 3846: 3840: 3830: 3824: 3823: 3821: 3819: 3804: 3798: 3797: 3785: 3779: 3778: 3768: 3744: 3738: 3737: 3701: 3695: 3681: 3675: 3674: 3646: 3640: 3639: 3637: 3635: 3618: 3612: 3611: 3609: 3607: 3592: 3586: 3585: 3583: 3581: 3566: 3560: 3559: 3557: 3555: 3538: 3532: 3531: 3529: 3527: 3512: 3506: 3505: 3503: 3501: 3496:. March 18, 2014 3484: 3478: 3477: 3475: 3473: 3456: 3450: 3449: 3447: 3445: 3430: 3424: 3423: 3421: 3419: 3402: 3396: 3395: 3393: 3391: 3386:on March 9, 2011 3382:. Archived from 3380:michaelmoore.com 3368: 3362: 3361: 3359: 3357: 3337: 3331: 3330: 3328: 3326: 3305: 3299: 3298: 3296: 3294: 3275: 3266: 3265: 3263: 3261: 3244: 3238: 3237: 3235: 3233: 3216: 3210: 3209: 3207: 3205: 3188: 3182: 3181:. June 25, 2008. 3165: 3159: 3158: 3156: 3154: 3145:. Archived from 3135: 3129: 3128: 3103: 3082: 3081: 3079: 3077: 3055:(Report). OECD. 3048: 3039: 3038: 3014: 3008: 3007: 2997: 2973: 2954: 2953: 2933: 2924: 2923: 2895: 2886: 2885: 2857: 2848: 2847: 2811: 2805: 2804: 2797: 2791: 2790: 2780: 2756: 2747: 2746: 2710: 2701: 2700: 2698: 2696: 2673: 2664: 2663: 2661: 2659: 2645: 2626: 2625: 2605: 2599: 2581: 2575: 2574: 2572: 2552: 2546: 2545: 2533: 2527: 2526: 2524: 2522: 2508: 2376:Great Divergence 2361:Economic migrant 2346:Economic anxiety 2336:Cycle of poverty 2188:by the wealthy. 2174:aggregate demand 2075:Ludwig von Mises 1722:higher education 1540:Public education 1481:Cognitive biases 1431:AntΓ³nio Guterres 1369: 1341: 1318:Finance industry 1137:economic welfare 912:union membership 849: 834: 742:market economies 724:Labour economics 626:Gini coefficient 496:world population 439:Inherited wealth 417: 405: 349: 337: 149:Gini coefficient 103: 88: 67:Global share of 56:Gini coefficient 10823: 10822: 10818: 10817: 10816: 10814: 10813: 10812: 10768: 10767: 10766: 10761: 10737: 10670: 10666:Too big to fail 10644: 10611: 10563: 10505: 10484:Philanthropists 10430: 10373: 10305: 10228: 10084: 10078: 10011: 9976: 9957:10.2307/2598128 9940: 9912: 9871:10.1.1.160.1932 9836:10.1.1.160.1932 9809: 9786: 9693:10.1.1.701.8331 9658:10.1.1.824.3130 9610: 9509:10.2307/1884513 9484: 9366:10.1.1.186.2754 9263:10.2307/2296292 9159:10.2307/2297811 9150:10.1.1.636.8225 9111:Cousin, Bruno; 9055:10.2307/2937943 9046:10.1.1.312.3126 8982: 8980: 8976: 8953: 8902:Ahamed, Liaquat 8887: 8859: 8837: 8815: 8791: 8777:Schmidtz, David 8769: 8743: 8703: 8684: 8665: 8644: 8623: 8604: 8578: 8564:Economic growth 8525: 8499: 8468: 8466:Further reading 8463: 8456: 8438:Stilwell, Frank 8435: 8431: 8421: 8419: 8409: 8405: 8399: 8374: 8370: 8358: 8352: 8348: 8317: 8313: 8302: 8295: 8285: 8283: 8275: 8274: 8270: 8238: 8234: 8221: 8220: 8216: 8206: 8204: 8196: 8195: 8191: 8178: 8174: 8161: 8157: 8138: 8134: 8111: 8107: 8094: 8090: 8080: 8078: 8068: 8064: 8049: 8035: 8031: 8024: 8005: 8001: 7986: 7970: 7966: 7953: 7949: 7942: 7928: 7924: 7914: 7912: 7901: 7897: 7890: 7873: 7869: 7860: 7856: 7817: 7813: 7798: 7794: 7759: 7755: 7744:UCLA Law Review 7736: 7732: 7703: 7699: 7670: 7666: 7631: 7627: 7618: 7614: 7604: 7602: 7600:Washington Post 7592: 7588: 7575:The Way Forward 7573: 7569: 7557: 7553: 7543: 7541: 7533: 7532: 7528: 7518: 7516: 7506: 7502: 7486: 7480: 7476: 7457: 7453: 7441: 7437: 7429: 7418: 7412: 7408: 7403: 7399: 7368: 7364: 7341: 7337: 7314: 7310: 7302: 7298: 7297: 7293: 7283: 7281: 7269: 7265: 7256: 7252: 7242: 7240: 7228: 7224: 7214: 7212: 7195: 7191: 7160: 7153: 7140: 7139: 7132: 7122: 7120: 7107: 7106: 7102: 7095: 7075:Lane, Kenworthy 7072: 7068: 7027: 7020: 7010: 7008: 6991: 6987: 6977: 6975: 6963: 6959: 6944: 6943: 6939: 6923: 6919: 6900: 6896: 6883: 6879: 6864: 6860: 6844: 6843: 6838: 6832: 6828: 6817: 6813: 6782: 6778: 6771: 6748: 6744: 6734: 6732: 6722: 6718: 6708: 6706: 6694: 6687: 6677: 6675: 6665: 6661: 6651: 6649: 6639: 6635: 6616: 6612: 6575: 6571: 6542: 6538: 6523:(3): 977–1020. 6509: 6505: 6489:10.1.1.186.2754 6469: 6465: 6426: 6422: 6382: 6376: 6372: 6302: 6295: 6242: 6238: 6228: 6226: 6218: 6217: 6213: 6200: 6199: 6195: 6185: 6183: 6173: 6169: 6159: 6157: 6147: 6143: 6133: 6131: 6121: 6117: 6107: 6105: 6090: 6086: 6076: 6074: 6064: 6060: 6040: 6033: 6014: 6010: 6001: 5997: 5986: 5982: 5973: 5969: 5964: 5960: 5952: 5948: 5941: 5927: 5923: 5888: 5884: 5845: 5841: 5810: 5806: 5757: 5753: 5746: 5724: 5720: 5714: 5696:Unequal Chances 5691: 5687: 5638: 5634: 5597: 5590: 5551: 5547: 5537: 5535: 5527: 5526: 5522: 5499:10.2307/2654395 5483: 5479: 5440: 5436: 5426: 5424: 5409: 5405: 5390: 5386: 5353:(3): e1000248. 5339: 5335: 5320: 5316: 5293: 5271: 5267: 5256: 5252: 5247: 5243: 5234: 5233: 5229: 5212: 5205: 5166: 5162: 5155: 5133: 5122: 5087: 5083: 5073: 5071: 5068: 5062: 5058: 5048: 5046: 5036: 5032: 5015: 5014: 5010: 5004:Wayback Machine 4989: 4985: 4978: 4964: 4960: 4950: 4948: 4945:Economic Issues 4937: 4933: 4921: 4920: 4916: 4903: 4902: 4898: 4863: 4859: 4828: 4824: 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10432: 10431: 10429: 10428: 10423: 10418: 10416:Richest royals 10413: 10408: 10403: 10394: 10392: 10383: 10379: 10378: 10375: 10374: 10372: 10371: 10366: 10361: 10356: 10351: 10346: 10341: 10336: 10331: 10326: 10321: 10315: 10313: 10307: 10306: 10304: 10303: 10298: 10297: 10296: 10291: 10286: 10276: 10271: 10270: 10269: 10259: 10258: 10257: 10247: 10242: 10236: 10234: 10230: 10229: 10227: 10226: 10225: 10224: 10223: 10222: 10217: 10202: 10201: 10200: 10191: 10177: 10176: 10175: 10174: 10173: 10161: 10156: 10151: 10146: 10141: 10136: 10135: 10134: 10129: 10124: 10119: 10109: 10108: 10107: 10096: 10090: 10086: 10085: 10077: 10076: 10069: 10062: 10054: 10048: 10047: 10010: 10009:External links 10007: 10006: 10005: 9987:(2): 263–275. 9969: 9951:(4): 643–664. 9933: 9923:(4): 587–613. 9905: 9884: 9864:(2): 399–419. 9849: 9814: 9797:(2): 200–205. 9779: 9761:(3): 747–772. 9750: 9721: 9706: 9686:(3): 767–798. 9671: 9651:(2): 322–355. 9636: 9626:(2): 452–478. 9609: 9606: 9605: 9604: 9531: 9488: 9483:978-0857247490 9482: 9459: 9438: 9420:(2): 351–397. 9409: 9379: 9345: 9312: 9275: 9246: 9236:(2): 163–187. 9225: 9182: 9171: 9132: 9109: 9096: 9067: 9039:(2): 407–443. 9028: 9000:(4): 942–958. 8989: 8964:(4): 389–402. 8946: 8933:10.1.1.203.664 8915: 8907:The New Yorker 8897: 8896: 8892: 8891: 8886:978-1846140396 8885: 8863: 8858:978-0415372695 8857: 8841: 8836:978-0198281931 8835: 8819: 8814:978-0198297581 8813: 8795: 8790:978-0521539364 8789: 8773: 8768:978-0691165028 8767: 8747: 8742:978-0199231379 8741: 8728: 8725:978-1107092532 8707: 8702:978-0226644554 8701: 8688: 8683:978-0719057328 8682: 8669: 8663: 8648: 8643:978-0198863960 8642: 8627: 8622:978-0691162423 8621: 8608: 8603:978-0745634319 8602: 8582: 8577:978-0262025539 8576: 8552: 8529: 8524:978-0444816313 8523: 8503: 8497: 8473: 8472: 8467: 8464: 8462: 8461: 8455:978-1509528653 8454: 8429: 8403: 8398:978-1844078066 8397: 8381:Alkire, Sabina 8368: 8346: 8311: 8293: 8268: 8265:978-0300126877 8232: 8214: 8189: 8172: 8155: 8132: 8105: 8088: 8062: 8047: 8029: 8023:978-0674017726 8022: 7999: 7985:978-0631197805 7984: 7964: 7947: 7941:978-0521094184 7940: 7922: 7895: 7889:978-0415087148 7888: 7867: 7854: 7827:(4): 575–601. 7821:Representation 7811: 7792: 7753: 7730: 7697: 7684:(2): 470–479. 7664: 7625: 7612: 7586: 7567: 7551: 7526: 7500: 7474: 7461:Macroeconomics 7451: 7443:Blanchard 2000 7435: 7406: 7397: 7378:(2): 593–626. 7362: 7335: 7324:(3): 259–274. 7308: 7291: 7263: 7250: 7222: 7189: 7151: 7130: 7100: 7094:978-0190230951 7093: 7066: 7043:10.1086/693038 7018: 6985: 6957: 6937: 6917: 6894: 6877: 6858: 6826: 6811: 6776: 6770:978-0691165028 6769: 6742: 6716: 6685: 6659: 6633: 6610: 6569: 6556:(2): 145–163. 6550:Panoeconomicus 6536: 6503: 6463: 6436:(6): 943–963. 6420: 6393:(2): 193–228. 6387:World Politics 6370: 6293: 6236: 6211: 6193: 6167: 6141: 6115: 6084: 6058: 6031: 6008: 5995: 5980: 5967: 5958: 5946: 5939: 5921: 5902:(5): 661–687. 5882: 5855:(2): 435–473. 5839: 5820:(4): 311–325. 5804: 5751: 5745:978-0821356654 5744: 5718: 5713:978-1400835492 5712: 5685: 5648:(3): 335–379. 5632: 5588: 5561:(4): 572–574. 5555:Latino Studies 5545: 5520: 5477: 5450:(2): 375–395. 5434: 5403: 5384: 5333: 5314: 5291: 5265: 5250: 5241: 5227: 5203: 5182:10.1086/260831 5160: 5154:978-0199914050 5153: 5120: 5101:(3): 209–211. 5081: 5056: 5030: 5008: 4983: 4977:978-1786090034 4976: 4958: 4931: 4914: 4896: 4857: 4838:(2): 645–709. 4822: 4796: 4775:(2): 263–279. 4755: 4728: 4702: 4676: 4650: 4634: 4614: 4601: 4583: 4564:(2): 135–141. 4544: 4511: 4484: 4454: 4428: 4417:(2): 163–187. 4401: 4382:(2): 465–490. 4362: 4350: 4338: 4318: 4292: 4232: 4225: 4202: 4175: 4149: 4119: 4100:(1): 335–357. 4080: 4062: 4028: 4012: 3982: 3961: 3933: 3905: 3882: 3854: 3841: 3825: 3799: 3780: 3739: 3696: 3676: 3657:(3): 563–580. 3641: 3613: 3587: 3561: 3533: 3507: 3479: 3451: 3425: 3397: 3372:Moore, Michael 3363: 3341:Moore, Michael 3332: 3300: 3267: 3239: 3211: 3183: 3179:Thaindian News 3160: 3130: 3124:978-9264119536 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OECD. 2011. 3083: 3069: 3040: 3034:978-0312245832 3033: 3009: 2955: 2925: 2919:978-1107017429 2918: 2887: 2881:978-0521855266 2880: 2849: 2836:10.1086/426881 2828:10.1086/426881 2806: 2792: 2771:(2): 495–523. 2748: 2721:(1): 349–367. 2702: 2689:978-0691160528 2688: 2665: 2627: 2620: 2600: 2576: 2547: 2528: 2499: 2497: 2494: 2492: 2491: 2486: 2481: 2476: 2471: 2466: 2461: 2456: 2451: 2446: 2441: 2436: 2431: 2426: 2421: 2416: 2411: 2406: 2399: 2394: 2389: 2384: 2379: 2373: 2368: 2363: 2358: 2353: 2348: 2343: 2338: 2333: 2328: 2326:Class conflict 2323: 2318: 2313: 2307: 2305: 2302: 2290:Cato Institute 2272: 2269: 2259: 2256: 2233: 2230: 2204:and increases 2198:political left 2193: 2190: 2178:consumer goods 2163:stated in his 2150:social justice 2138: 2135: 2046: 2043: 2026: 2023: 1972:socially owned 1955: 1952: 1950: 1947: 1946: 1945: 1939: 1933: 1927: 1921: 1918:household debt 1911: 1905: 1899: 1889: 1875: 1872:social capital 1861: 1850:women's status 1827: 1816:teenage births 1808:mental illness 1781:Main article: 1778: 1775: 1756:Lane Kenworthy 1747:James Robinson 1743:Daron Acemoglu 1726:infrastructure 1660:Robin Hood tax 1644:Thomas Piketty 1599: 1598: 1595: 1588: 1585: 1577: 1574: 1550: 1549: 1543: 1529: 1528: 1491: 1488: 1482: 1479: 1465: 1462: 1424:Inger Andersen 1420:climate crisis 1392:global warming 1373: 1371: 1364: 1363: 1349: 1343: 1336: 1335: 1334: 1333: 1332: 1330: 1327: 1319: 1316: 1300:Main article: 1297: 1294: 1284:Thomas Piketty 1256: 1253: 1237:Main article: 1226: 1223: 1212: 1209: 1196: 1193: 1187: 1184: 1165: 1162: 1129:Main article: 1126: 1123: 1098:, in his book 1088:gender pay gap 1068:Main article: 1065: 1062: 1021:Elephant curve 1002: 999: 989: 986: 947: 944: 885: 882: 851: 844: 843: 836: 829: 828: 827: 826: 825: 820:Main article: 817: 814: 761: 758: 746:market failure 719: 716: 704:Thomas Piketty 695: 692: 648:Main article: 645: 642: 599: 596: 584:exchange rates 557: 554: 546:Gabriel Zucman 538:Thomas Piketty 475:Michael Norton 451:Warren Buffett 419: 412: 411: 407: 400: 399: 398: 394: 393: 392: 391: 372:richest people 351: 344: 343: 339: 332: 331: 330: 329: 328: 288: 287: 272: 269: 262: 261: 258: 255: 248: 224: 221: 199:civil conflict 175:welfare states 105: 98: 97: 90: 83: 82: 81: 77: 76: 75: 74: 15: 9: 6: 4: 3: 2: 10820: 10809: 10806: 10804: 10801: 10799: 10796: 10794: 10791: 10789: 10786: 10784: 10781: 10779: 10776: 10775: 10773: 10756: 10753: 10752: 10751: 10748: 10747: 10744: 10734: 10733: 10729: 10727: 10726: 10722: 10720: 10719: 10715: 10711: 10708: 10707: 10706: 10705: 10701: 10697: 10694: 10693: 10692: 10691: 10687: 10685: 10684: 10680: 10679: 10677: 10673: 10667: 10664: 10662: 10659: 10657: 10654: 10653: 10651: 10647: 10641: 10638: 10636: 10633: 10631: 10628: 10626: 10623: 10622: 10620: 10618: 10614: 10608: 10605: 10603: 10602: 10598: 10594: 10591: 10589: 10586: 10585: 10584: 10581: 10580: 10577: 10574: 10570: 10560: 10557: 10553: 10550: 10549: 10548: 10545: 10543: 10540: 10538: 10535: 10533: 10530: 10528: 10525: 10523: 10520: 10518: 10515: 10514: 10512: 10508: 10500: 10497: 10495: 10492: 10491: 10490:Universities 10489: 10485: 10482: 10481: 10480: 10477: 10475: 10472: 10470: 10467: 10465: 10462: 10460: 10457: 10455: 10452: 10450: 10447: 10445: 10442: 10441: 10439: 10437: 10436:Organizations 10433: 10427: 10424: 10422: 10419: 10417: 10414: 10412: 10409: 10407: 10404: 10402: 10400: 10396: 10395: 10393: 10391: 10387: 10384: 10380: 10370: 10367: 10365: 10362: 10360: 10357: 10355: 10352: 10350: 10347: 10345: 10342: 10340: 10337: 10335: 10332: 10330: 10327: 10325: 10322: 10320: 10319:Concentration 10317: 10316: 10314: 10312: 10308: 10302: 10299: 10295: 10292: 10290: 10287: 10285: 10282: 10281: 10280: 10277: 10275: 10272: 10268: 10265: 10264: 10263: 10260: 10256: 10253: 10252: 10251: 10248: 10246: 10243: 10241: 10238: 10237: 10235: 10231: 10221: 10218: 10216: 10213: 10212: 10211: 10208: 10207: 10206: 10203: 10199: 10196: 10192: 10190: 10187: 10186:Nouveau riche 10183: 10182: 10181: 10178: 10172: 10169: 10168: 10167: 10166: 10165: 10162: 10160: 10157: 10155: 10152: 10150: 10147: 10145: 10142: 10140: 10137: 10133: 10130: 10128: 10125: 10123: 10120: 10118: 10115: 10114: 10113: 10110: 10106: 10103: 10102: 10101: 10098: 10097: 10094: 10091: 10087: 10083: 10075: 10070: 10068: 10063: 10061: 10056: 10055: 10052: 10044: 10040: 10035: 10030: 10026: 10022: 10018: 10013: 10012: 10002: 9998: 9994: 9990: 9986: 9982: 9975: 9970: 9966: 9962: 9958: 9954: 9950: 9946: 9939: 9934: 9930: 9926: 9922: 9918: 9911: 9906: 9902: 9898: 9894: 9890: 9885: 9881: 9877: 9872: 9867: 9863: 9859: 9855: 9850: 9846: 9842: 9837: 9832: 9828: 9824: 9820: 9815: 9808: 9804: 9800: 9796: 9792: 9785: 9780: 9776: 9772: 9768: 9764: 9760: 9756: 9751: 9747: 9743: 9739: 9735: 9731: 9727: 9722: 9719: 9715: 9711: 9707: 9703: 9699: 9694: 9689: 9685: 9681: 9677: 9672: 9668: 9664: 9659: 9654: 9650: 9646: 9642: 9637: 9633: 9629: 9625: 9621: 9617: 9612: 9611: 9601: 9597: 9593: 9589: 9584: 9579: 9574: 9569: 9565: 9561: 9556: 9551: 9547: 9543: 9542: 9537: 9532: 9528: 9524: 9519: 9514: 9510: 9506: 9502: 9498: 9494: 9489: 9485: 9479: 9475: 9471: 9467: 9466: 9460: 9456: 9452: 9448: 9444: 9439: 9435: 9431: 9427: 9423: 9419: 9415: 9410: 9406: 9402: 9398: 9397: 9392: 9388: 9384: 9380: 9376: 9372: 9367: 9362: 9358: 9354: 9350: 9346: 9342: 9338: 9334: 9330: 9326: 9322: 9318: 9313: 9309: 9305: 9301: 9297: 9293: 9289: 9286:(6): 93–109. 9285: 9281: 9276: 9272: 9268: 9264: 9260: 9257:(2): 83–100. 9256: 9252: 9247: 9243: 9239: 9235: 9231: 9226: 9222: 9218: 9214: 9210: 9206: 9202: 9198: 9194: 9193: 9188: 9183: 9180: 9176: 9172: 9168: 9164: 9160: 9156: 9151: 9146: 9142: 9138: 9133: 9131:(2): 225–249. 9130: 9127: 9126: 9122: 9118: 9114: 9110: 9107: 9104: 9101: 9097: 9093: 9089: 9085: 9081: 9077: 9073: 9068: 9064: 9060: 9056: 9052: 9047: 9042: 9038: 9034: 9029: 9025: 9021: 9016: 9011: 9007: 9003: 8999: 8995: 8990: 8975: 8971: 8967: 8963: 8959: 8952: 8947: 8943: 8939: 8934: 8929: 8925: 8921: 8916: 8913: 8909: 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Princeton: 8756: 8752: 8748: 8744: 8738: 8734: 8729: 8726: 8722: 8718: 8714: 8713: 8708: 8704: 8698: 8694: 8689: 8685: 8679: 8675: 8670: 8666: 8660: 8657:. Routledge. 8656: 8655: 8649: 8645: 8639: 8635: 8634: 8628: 8624: 8618: 8614: 8609: 8605: 8599: 8595: 8591: 8587: 8583: 8579: 8573: 8569: 8565: 8561: 8557: 8553: 8551: 8547: 8543: 8539: 8538: 8533: 8530: 8526: 8520: 8516: 8512: 8508: 8504: 8500: 8494: 8490: 8486: 8482: 8481: 8475: 8474: 8470: 8469: 8457: 8451: 8447: 8443: 8439: 8433: 8418: 8414: 8407: 8400: 8394: 8390: 8386: 8382: 8378: 8372: 8366: 8357: 8350: 8342: 8338: 8334: 8330: 8326: 8322: 8315: 8307: 8300: 8298: 8282: 8278: 8272: 8266: 8262: 8258: 8254: 8250: 8246: 8242: 8236: 8228: 8224: 8218: 8203: 8199: 8193: 8187: 8183: 8182: 8176: 8169: 8168:The Guardian. 8165: 8159: 8152: 8150: 8145: 8141: 8136: 8128: 8124: 8123:New Statesman 8120: 8118: 8109: 8101: 8100: 8092: 8077: 8073: 8066: 8058: 8054: 8050: 8044: 8040: 8033: 8025: 8019: 8015: 8014: 8009: 8003: 7995: 7991: 7987: 7981: 7977: 7976: 7968: 7961: 7957: 7951: 7943: 7937: 7933: 7926: 7910: 7906: 7903:Oldrich Kyn. 7899: 7891: 7885: 7882:. Routledge. 7881: 7877: 7871: 7864: 7858: 7850: 7846: 7842: 7838: 7834: 7830: 7826: 7822: 7815: 7807: 7803: 7796: 7788: 7784: 7780: 7776: 7772: 7768: 7764: 7757: 7749: 7745: 7741: 7734: 7725: 7720: 7717:(1): 93–113. 7716: 7712: 7708: 7701: 7692: 7687: 7683: 7679: 7675: 7668: 7660: 7656: 7652: 7648: 7644: 7640: 7636: 7629: 7622: 7616: 7601: 7597: 7590: 7583: 7582:archive.today 7579: 7576: 7571: 7564: 7560: 7555: 7540: 7536: 7530: 7515: 7514:Economix Blog 7511: 7504: 7496: 7492: 7485: 7478: 7470: 7466: 7462: 7455: 7448: 7444: 7439: 7428: 7424: 7417: 7410: 7401: 7393: 7389: 7385: 7381: 7377: 7373: 7366: 7358: 7354: 7350: 7346: 7339: 7331: 7327: 7323: 7319: 7312: 7301: 7295: 7280: 7279: 7278:Common Dreams 7274: 7267: 7260: 7254: 7239: 7238: 7233: 7226: 7210: 7206: 7205: 7200: 7193: 7185: 7181: 7177: 7173: 7169: 7165: 7158: 7156: 7147: 7143: 7137: 7135: 7123:September 23, 7118: 7114: 7110: 7104: 7096: 7090: 7086: 7082: 7081: 7076: 7070: 7062: 7058: 7053: 7052:1721.1/118645 7048: 7044: 7040: 7036: 7032: 7025: 7023: 7006: 7002: 7001: 7000:Boston Review 6996: 6989: 6974: 6973: 6968: 6961: 6953: 6952: 6951:The Economist 6947: 6941: 6934: 6932: 6927: 6921: 6914: 6912: 6907: 6903: 6898: 6891: 6887: 6881: 6874: 6872: 6867: 6862: 6854: 6848: 6837: 6830: 6823: 6822: 6815: 6807: 6803: 6799: 6795: 6791: 6787: 6780: 6772: 6766: 6762: 6759:. Princeton: 6758: 6757: 6752: 6746: 6731: 6727: 6720: 6705: 6704: 6699: 6692: 6690: 6674: 6670: 6663: 6648: 6644: 6637: 6629: 6625: 6621: 6614: 6606: 6602: 6597: 6592: 6588: 6584: 6580: 6573: 6564: 6559: 6555: 6551: 6547: 6540: 6531: 6530:10.3982/QE694 6526: 6522: 6518: 6514: 6507: 6499: 6495: 6490: 6485: 6481: 6477: 6473: 6467: 6459: 6455: 6451: 6447: 6443: 6439: 6435: 6431: 6424: 6416: 6412: 6408: 6404: 6400: 6396: 6392: 6388: 6381: 6374: 6366: 6362: 6358: 6350: 6346: 6341: 6336: 6332: 6328: 6324: 6320: 6316: 6312: 6308: 6300: 6298: 6289: 6285: 6280: 6275: 6271: 6267: 6263: 6259: 6255: 6251: 6247: 6240: 6225: 6221: 6215: 6207: 6203: 6197: 6182: 6178: 6171: 6156: 6152: 6145: 6130: 6126: 6119: 6108:September 22, 6104: 6103: 6098: 6094: 6093:Harvey, Fiona 6088: 6073: 6069: 6062: 6053: 6049: 6045: 6038: 6036: 6027: 6023: 6019: 6012: 6005: 5999: 5992: 5991: 5984: 5977: 5971: 5962: 5956: 5950: 5942: 5936: 5932: 5925: 5917: 5913: 5909: 5905: 5901: 5897: 5893: 5886: 5878: 5874: 5870: 5866: 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5018: 5012: 5005: 5001: 4998: 4997: 4992: 4987: 4979: 4973: 4969: 4962: 4946: 4942: 4935: 4927: 4926: 4925:The Economist 4918: 4910: 4906: 4900: 4892: 4888: 4884: 4880: 4876: 4872: 4868: 4861: 4853: 4849: 4845: 4841: 4837: 4833: 4826: 4811: 4807: 4800: 4792: 4788: 4783: 4778: 4774: 4770: 4766: 4759: 4743: 4739: 4732: 4717: 4713: 4706: 4691: 4687: 4680: 4665: 4661: 4654: 4647: 4643: 4638: 4631: 4629: 4624: 4618: 4611: 4605: 4597: 4590: 4588: 4579: 4575: 4571: 4567: 4563: 4559: 4555: 4548: 4529: 4522: 4515: 4499: 4495: 4488: 4481: 4472: 4465: 4458: 4450: 4446: 4439: 4432: 4424: 4420: 4416: 4412: 4405: 4397: 4393: 4389: 4385: 4381: 4377: 4373: 4366: 4359: 4354: 4347: 4342: 4333: 4329: 4322: 4307: 4303: 4296: 4288: 4284: 4280: 4276: 4272: 4268: 4263: 4258: 4254: 4250: 4246: 4239: 4237: 4228: 4226:9780393088694 4222: 4218: 4217: 4209: 4207: 4190: 4186: 4179: 4164: 4160: 4153: 4146: 4142: 4138: 4137:Belknap Press 4135: 4133: 4128: 4123: 4115: 4111: 4107: 4103: 4099: 4095: 4091: 4084: 4076: 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1793: 1790: 1789: 1788: 1784: 1774: 1772: 1767: 1765: 1761: 1757: 1753: 1748: 1744: 1740: 1739: 1733: 1731: 1727: 1723: 1719: 1715: 1711: 1707: 1703: 1699: 1695: 1691: 1687: 1686:tax incidence 1684: 1679: 1677: 1672: 1669: 1668: 1667:The Economist 1663: 1661: 1657: 1653: 1652:Jeffrey Sachs 1649: 1645: 1641: 1640:Emmanuel Saez 1636: 1633: 1631: 1627: 1623: 1619: 1615: 1611: 1607: 1603: 1596: 1593: 1589: 1586: 1583: 1582: 1581: 1573: 1571: 1567: 1563: 1559: 1555: 1547: 1544: 1541: 1538: 1537: 1536: 1534: 1526: 1522: 1519: 1518: 1517: 1515: 1514:Market forces 1511: 1508: 1505: 1496: 1487: 1478: 1476: 1475: 1470: 1461: 1459: 1455: 1451: 1448:According to 1446: 1444: 1440: 1436: 1432: 1427: 1425: 1421: 1417: 1413: 1408: 1404: 1399: 1397: 1393: 1389: 1388: 1368: 1359: 1355: 1347: 1340: 1326: 1324: 1315: 1313: 1309: 1303: 1293: 1291: 1290: 1285: 1280: 1276: 1270: 1266: 1262: 1252: 1250: 1246: 1245:Simon Kuznets 1240: 1239:Kuznets curve 1231: 1222: 1219: 1208: 1206: 1202: 1192: 1186:Latin America 1183: 1180: 1176: 1170: 1161: 1159: 1154: 1150: 1147: 1143: 1138: 1132: 1122: 1120: 1115: 1111: 1107: 1103: 1102: 1097: 1096:Thomas Sowell 1093: 1089: 1081: 1076: 1071: 1061: 1059: 1055: 1051: 1047: 1042: 1040: 1036: 1031: 1027: 1022: 1017: 1012: 1008: 1007:Globalization 1001:Globalization 998: 995: 985: 981: 977: 973: 969: 967: 963: 957: 953: 943: 941: 936: 934: 930: 925: 922: 917: 913: 909: 905: 899: 895: 891: 881: 879: 873: 871: 860: 856: 848: 839: 833: 823: 813: 811: 807: 803: 798: 794: 790: 781: 776: 771: 767: 757: 753: 751: 747: 743: 737: 733: 729: 725: 718:Labour market 715: 712: 709: 705: 700: 691: 689: 685: 681: 677: 673: 669: 665: 661: 657: 651: 641: 637: 634: 631: 627: 619: 614: 609: 605: 595: 593: 589: 585: 581: 577: 573: 567: 563: 553: 551: 547: 543: 542:Emmanuel Saez 539: 535: 534:Lucas Chancel 531: 526: 524: 520: 516: 509: 504: 502: 497: 493: 487: 484: 480: 476: 471: 469: 463: 461: 460:Census Bureau 456: 452: 448: 444: 440: 436: 435: 430: 427:According to 416: 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Retrieved 2515: 2459:Rent-seeking 2401: 2274: 2261: 2251:gender roles 2248: 2241: 2226: 2195: 2171: 2164: 2161:Pope Francis 2159: 2147: 2140: 2127: 2123: 2115: 2099: 2089: 2084: 2067:libertarians 2060: 2049:Most modern 2048: 2035:David Landes 2028: 2012: 2006: 1980: 1957: 1949:Perspectives 1941: 1935: 1929: 1923: 1913: 1907: 1901: 1891: 1877: 1863: 1838:Kate Pickett 1830:Social goods 1829: 1800:Kate Pickett 1791: 1786: 1768: 1736: 1734: 1730:rent-seeking 1680: 1676:rent-seeking 1673: 1665: 1664: 1637: 1634: 1600: 1579: 1551: 1530: 1512: 1504:left-leaning 1501: 1484: 1472: 1467: 1447: 1439:Jayati Ghosh 1428: 1400: 1396:Global South 1385: 1383: 1354:(developing) 1321: 1312:rent-seeking 1305: 1302:Rent-seeking 1296:Rent seeking 1287: 1286:in his book 1272: 1242: 1218:caste system 1214: 1198: 1189: 1171: 1167: 1158:global South 1155: 1151: 1134: 1099: 1092:labor market 1085: 1046:Jason Hickel 1043: 1028: 1026: 991: 982: 978: 974: 970: 959: 937: 926: 901: 894:Deregulation 874: 866: 786: 779: 754: 739: 701: 697: 678:rather than 663: 659: 653: 638: 635: 623: 569: 527: 522: 521:published a 511: 506: 488: 472: 464: 432: 426: 376: 369: 362: 316:South Africa 289: 263: 236: 223:Measurements 192: 171:Historically 169: 143: 117: 116: 39: 10683:Das Kapital 10552:by category 10274:Millionaire 10240:Billionaire 10198:(old money) 10195:Vieux riche 10189:(new money) 10180:Upper class 9829:(1): 1–41. 9113:Shamus Khan 9078:(1): 5–32. 9015:11375/22293 8417:www.nyu.edu 8281:www.apa.org 8255:(p. 87) in 8202:fr.pons.com 8008:Rawls, John 7447:Oswald 2003 7170:: 316–326. 6652:January 16, 6353:Charted in 6160:November 8, 5611:(3): 3–30. 5427:December 9, 4051:(2): 3–28. 3975:December 8, 3954:December 8, 3926:December 8, 3875:October 30, 3712:(1): 9–12. 3606:November 5, 3580:October 27, 3526:November 9, 3260:January 15, 2944:: 386–400. 2341:Donor Class 2321:Aporophobia 2278:libertarian 2186:monopolized 2182:labor force 2143:meritocracy 2130:Tyler Cowen 2030:Meritocracy 2025:Meritocracy 1683:progressive 1648:Ralph Nader 1554:Black Death 1507:legislature 1390:found that 1346:(developed) 1265:Billionaire 1249:development 1221:elsewhere. 857:during the 708:free market 676:consumption 576:liabilities 324:urban-rural 247:inequality. 138:consumption 10772:Categories 10755:by country 10704:Superclass 10349:Management 10159:Plutocracy 10027:: 108789. 9608:Historical 9555:1807.11477 9327:(1): 1–9. 9108:(6): 1–15. 8596:. 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Index

Social inequality
Inequality
Rich and Poor


Gini coefficient

wealth
Skid row tents
Skid Row, Los Angeles
a Beverly Hills mansion
Holmby Hills, Los Angeles
umbrella term
distribution of income
wealth inequality
distribution of wealth
consumption
Income inequality metrics
Gini coefficient
Inequality-adjusted Human Development Index
equity
equality of outcome
equality of opportunity
Historically
welfare states
distributed bimodally
middle-income countries
advanced countries
revolution
civil conflict

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

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