Tag Archives: poverty

Intergenerational mobility and preferences for redistribution


Americans are generally thought to view the economic system as fair and see wealth as a reward for ability and effort, while Europeans tend to believe that the economic system is unfair, and that wealth is the result of circumstances. This column tests this using new evidence on beliefs about intergenerational mobility in four European countries and the US, and confirms that Europeans do indeed tend to be overly pessimistic about moving up the social ladder compared to reality, while Americans are overly optimistic. These perceptions have important implications for how redistribution and equal opportunity policies will be received.

John […]

Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong

A man cleans up confetti while surrounded by tourists in Times Square in New York.

Keith Bedford / Reuters A lot of factors have contributed to American inequality: slavery, economic policy, technological change, the power of lobbying, globalization, and so on. In their wake, what’s left?

That’s the question at the heart of a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy , by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a […]

To Reduce Urban Inequality, Reconsider Unions


Cities have become simmering cauldrons of economic inequality, especially after the Great Recession . In his new book, Richard Florida writes that this condition is at the heart of what he calls the “New Urban Crisis,” and suggests fixes in the form of equitable housing, tax, infrastructure, and anti-poverty policies.

But there’s another solution, now largely overlooked, that has helped reduce gross inequality in the past: collective bargaining. In a new working paper , economists Brantly Callaway at Temple University and William J. Collins at Vanderbilt University examine the decades after the Great Depression, when economic inequality declined dramatically—and then […]

Trump’s policies would make America’s poor even poorer — and that’s before health care and tax cuts

Donald Trump children

YouTube Trump’s vaunted "skinny" budget attacks many areas of US social spending, perhaps none more cruel than funding for programs that help the country’s poorest children.

His administration is proposing cuts to scores of programs that benefit disadvantaged youth, including food stamps, student loan access, and federal work-study opportunities.

This appears to contradict Trump’s campaign assurances that he would give a voice to America’s underprivileged, those who had felt left out by a string of economic recoveries accompanied by anemic or non-existent wage growth as well as deep and polarizing income inequality ."Improving the childhood environment of economically disadvantaged youth […]

A tale of two Canadas: Where you grew up affects your income in adulthood


In Canada, geography is destiny: Your financial future, to a surprisingly large degree, depends on the place in Canada where you happen to grow up.

That reality is revealed on this map and our accompanying set of interactive graphics, produced using a new analysis of millions of Canadians’ income data , the result of years of work by economist Miles Corak.

His study charts intergenerational economic mobility – that is, the chance that people who spent their childhood in that location ended up, as adults, higher on the income and economic-status ranking than their parents. If a region is bright green, […]

Toxic Inequality: How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future


Toxic Inequality, Bending Arc to Justice

3 winners will be randomly selected after the giveaway ends. All winners will be notified by email and will have 48 hours to respond.

This giveaway started July 5, 2017 5:13 PM PDT and ends July 12, 2017 11:59 PM PDT. “Everyone concerned about the toxic effects of inequality must read this book.”–Robert B. Reich”This is one of the most thought-provoking books I have read on economic inequality in the US.”–William Julius WilsonSince the Great Recession, most Americans’ standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality’s impact […]

Trump’s policies would make America’s poor even poorer — and that’s before healthcare and tax cuts

Donald Trump children

YouTube Trump’s vaunted "skinny" budget attacks many areas of US social spending, perhaps none more cruel than funding for programs that help the country’s poorest children.

His administration is proposing cuts to scores of programs that benefit disadvantaged youth, including food stamps, student loan access, and federal work-study opportunities.

This appears to contradict Trump’s campaign assurances that he would give a voice to America’s underprivileged, those who had felt left out by a string of economic recoveries accompanied by anemic or non-existent wage growth as well as deep and polarizing income inequality ."Improving the childhood environment of economically disadvantaged youth […]

GOBERNAR PARA LAS ÉLITES Secuestro democrático y desigualdad económica

www.oxfam.org

Viviendas de las clases medias acomodadas se elevan sobre las comunidades hacinadas en Lucknow, India. Foto: Tom Pietrasik/Oxfam

La desigualdad económica crece rápidamente en la mayorÃa de los paÃses.La riqueza mundial está dividida en dos: casi la mitad está en manos del1% más rico de la población, y la otra mitad se reparte entre el 99%restante. El Foro Económico Mundial considera que esta desigualdadsupone un grave riesgo para el progreso de la humanidad. La desigualdadeconómica extrema y el secuestro de los procesos democráticos por partede las élites son demasiado a menudo interdependientes. La falta decontrol en las instituciones polÃticas produce […]

What income inequality looks like across Australia

What income inequality looks like across Australia

With affordable houses increasingly out of reach , wage growth slow and household debt high , Australians are certainly feeling poor. But how do they compare to their neighbours? New Census data confirms there’s a lot of variability in income.

The Census breaks the country up into 349 geographic regions (named in quote marks below), some of which cover more than one major town and some of which group related suburbs within cities. We examined 331 of these regions, excluding those containing fewer than 1,000 households.

The data show there are high levels of income inequality within these regions. A simple […]

What income inequality looks like across Australia

With affordable houses increasingly out of reach , wage growth slow and household debt high , Australians are certainly feeling poor. But how do they compare to their neighbours? New Census data confirms there’s a lot of variability in income.

The Census breaks the country up into 349 geographic regions (named in quote marks below), some of which cover more than one major town and some of which group related suburbs within cities. We examined 331 of these regions, excluding those containing fewer than 1,000 households.

The data show there are high levels of income inequality within these regions. A simple […]