Tags: inequality

The Distribution of Pain

November 14th, 2017
in macroeconomics

When you write about economics, you learn very quickly that the economy doesn’t care what you say about it. The forces that drive it are beyond any one person’s comprehension, much less control. more »

Exploring Inequality: Real Wages and Productivity Growth

August 18th, 2017
in macroeconomics

I recently had an argument with a few New Keynesian types in the comments section of Lars Syll’s blog. I won’t get into the nuances here as they are not very interesting. more »

Popular Acceptance of Inequality Due to Brute Luck and Support for Classical Benefit-Based Taxation

October 3rd, 2016
in history, macroeconomics

Tax policy to correct inequality assumes that nobody is entitled to advantages due to luck alone. But the public largely rejects complete equalisation of 'brute luck' inequality. This column argues that there is near universal public support for an alternative, benefit-based theory of taxation. Treating optimal tax policy as an empirical matter may help us to close the gap between theory and reality. more »

New Angles on Inequality in Life Expectancy

June 19th, 2016
in demographics

We know several facts about US life expectancy with a high degree of confidence. Overall, life expectancy is rising: indeed, it is rising for every age group. However, there have long been gaps in life expectancy between various groups, like those with higher and lower income levels. more »

Income Inequality and Citizenship: Quantifying the Link

June 13th, 2015
in macroeconomics

Our level of income is unarguably dependent on where we live in the world. But evidencing this is tricky. This column presents a model that explains global income variability using one variable only – where you live. The results suggest that we might want to reassess how we think about both economic migration and global more »

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