The Inequality Puzzle: European and US Leaders Discuss

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CPI based inflation peaked at over 17% in 1974 before dropping to an average of 4.5% in the second half of the decade. There, the income share of the top 0.1 percent peaked at 9.2 percent in 1938, reached stability of close to 2.0 percent after 1947, and ended up at 1.7 percent in 1998. Typically the replacement rate is about 35 or 40 percent. There is nothing wrong with successful people becoming wealthier when their activities actually contribute to the common good and make everyone else better off.
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Economic Equality and Fertility in Developing Countries (RFF

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The wealth report highlights the uneven way that the economic recovery is playing out: the net worth of the wealthy has not trickled down to prop up global economies, as the U. Some governments have labor policies that strongly favor unions, or they set relatively high minimum wages. Conflict theory emerged as the central idea in much of the scholarly literature on the topic and it is easy to see the way it is plausible, especially given the government’s lack of a quick and meaningful response.
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The New Geography of Global Income Inequality

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Liberalism is a political view that is very popular in the western world nowadays. Despite popular prejudices to the contrary, the U. Most countries do not conduct intensive surveys at the levels required for such analyses. This means we have a federal budget that limits growth and employment in a way that redistributes income upwards. [TruthOut.org, 12/23/13 ] Joseph Stiglitz: "Inequality Is A Choice." The analysis finds evidence of a "Kuznets curve" for inequality of opportunity, and finds that the IEO index is positively correlated with overall income inequality, and negatively with measures of intergenerational mobility, both in incomes and in years of schooling.
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Capitalism and Equality in America: Modern Capitalism (CPS

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It is just as important to ask how the benefits of the economy are distributed through the population. Or the fact that they are (on average) much less likely to move to the top during their lifetimes (income mobility). This [shift] — which excludes the top 1 percent, since we’re focusing on medians — is four times as large as the redistribution that has taken place from the bottom 99 percent to the top 1 percent of households in the same period. Provides user-friendly access to census data from many countries around the world.
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Development and Underdevelopment: The Political Economy of

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The policy goal shouldn’t be to divide up the existing income but to allow the private sector to create more for all, a process that has virtually ceased. Imagine, for instance, a doctor who aimed to narrow the "health gap" between his sick and healthy patients — by making his healthy patients a little less healthy. A truly democratic society needs to find ways to manage the economy to benefit the population as a whole. It's the mobility of "the guy who works in the college bookstore and has a real job by his early thirties."
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Economic Management, Income Distribution, and Poverty in

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There are two ways to do it: give money to the poor, or take it away from the rich. Because there is no equivalent increase in productive investment, the economy finds itself producing more goods and services that it can absorb, and the balance piles up as unwanted inventory, which is a form of unproductive investment. But by 2013 it had transformed itself into one of the world’s alpha cities, with the fourth largest financial centre and amongst the five busiest container ports.
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Basic Income in Australia and New Zealand: Perspectives from

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The 1940s to the late 1970s, while by no means a golden age (as evidenced, for example, by the perpetuation of gender, ethnic, and racial discrimination in the job market), was a period in which workers from the lowest-paid wage earner to the highest-paid CEO experienced similar growth in incomes. Despite this remarkable success, income inequality is rising within China. Income inequality seems to have little effect on overall research performance, says De Fraja.
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Incomes and the Welfare State: Essays on Britain and Europe

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S., the share of income captured by the richest 10% of the population jumped dramatically from around 30% in 1980 to 48% by 2012, while the portion grasped by the population’s richest 1% more than doubled, from 8% to 19%. It is not enough to create a strong economy. In other words, the CV would not be an appropriate choice of income inequality measure if a study's income data did not approach a normal distribution. JS: One way you might think about preventing that from happening would be making sure that the government invested — took up some of money from tax revenue and invested in capital itself.
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The Shrinking American Middle Class: The Social and Cultural

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But America's founders knew that, while human beings are equal in some key respects, they are not equal in every respect. The average annual pay in 2010 dollars of the top 500 highest paid executives named in US corporate proxy statements has been as high as $40.5 million in 2000 and averaged $17.9 million in 2008-2010. Today, the top 1% families save about 35% of their income, while the bottom 90% families save about zero (Saez and Zucman 2014).
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The Politics Of Equity And Growth: A Case Study Of Rockford,

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Today, Saez concentrates on the income growth of the top 1 percent. However, de jure measures of capital account openness present a mixed picture, with developing economies showing little evidence of convergence to the more open capital account regimes in advanced economies, which have continued to liberalize further (bottom panel of Figure 5 ). 9 Financial Liberalization Within Income Country GroupsNotes: Income country groups are defined in the appendix. hic=high income countries, lic=low income countries, lmic=low-middle income countries, and umic=upper-middle income countries.
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