Redistribution, inequality, and sustainable growth: Reconsidering the evidence

Jonathan D Ostry, Andrew Berg, Charalambos Tsangarides, 6 March 2014

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Rising income inequality looms high on the global policy agenda, reflecting not only fears of its pernicious social and political effects (including questions about the consistency of extreme inequality with democratic governance), but also its economic implications.

Topics: Development, Poverty and income inequality
Tags: growth, Inequality, redistribution

Making city lights shine brighter

Shahid Yusuf, Danny Leipziger, 3 March 2014

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URL: http://www.cepr.org/active/publications/policy_insights/viewpi.php?pino=71
Topics: Development
Tags: agglomeration, cities, externalities, growth, Inequality, slums, urbanisation

Making city lights burn brighter

Danny Leipziger, Shahid Yusuf, 3 March 2014

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Urbanisation and per capita GDP are well correlated.1 According to a recent estimate by Gilles Duranton using cross-country data for 2012 (see Figure 1), each percentage point of urbanisation is associated with a five-percentage-point increase in GDP per capita, with urbanisation apparently explaining 60% of the variation in incomes.

Topics: Development
Tags: agglomeration, cities, externalities, growth, Inequality, slums, urbanisation

Can democracy help with inequality?

Daron Acemoglu, Suresh Naidu, Pascual Restrepo, James A Robinson, 7 February 2014

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There is a great deal of concern at the moment about the consequences of rising levels of inequality in North America and Western Europe. Will this lead to an oligarchisation of the political system, and imperil political and social stability? Many find such dynamics puzzling given that it is happening in democratic countries.

Topics: Politics and economics, Poverty and income inequality
Tags: democracy, Director’s Law, Inequality, Median Voter, redistribution

Greater inequality and household borrowing? New evidence from household data

Olivier Coibion, Yuriy Gorodnichenko, Marianna Kudlyak, John Mondragon, 29 January 2014

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The financial crisis of 2008–09 was preceded by an exceptional rise in borrowing by US households, accounted for primarily by a rise in mortgage debt. There are two main views about the source of this ‘great leveraging’:

Topics: Financial markets, Poverty and income inequality
Tags: credit rationing, debt, Inequality, subprime mortgage crisis, US

The Great Escape: Health, wealth and the origins of inequality

Angus Deaton interviewed by Viv Davies, 10 Jan 2014

Angus Deaton talks to Viv Davies about his recent book ‘The Great Escape: health, wealth and the origins of inequality’, that explains how inequality is the catalyst for the great escape from poverty and how the world is better because of it. They discuss the state of inequality in the US, economic growth in China and India and the ineffectiveness of international aid. Deaton stresses the importance of understanding that human well being will be achieved only through a holistic approach. The interview was recorded on 17 October 2013.

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See Also

The Great Escape: health, wealth and the origins of inequality, by Angus Deaton (Princeton University Press, October 2013).

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Topics: Poverty and income inequality, Productivity and Innovation
Tags: Inequality, Poverty, productivity

Prosperity and Poverty in Latin America and the Caribbean

Louise Cord, Leonardo Lucchetti, Carlos Rodríguez Castelán, Adam Ratzlaff, 23 December 2013

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The Latin America and Caribbean region (LAC) has long been considered the most unequal region in the world. Regardless of whether this stems from a legacy of colonisation or is a 20th century phenomenon (Williamson 2009), the fact remains that the region has some of the highest levels of inequality in the world.

Topics: Poverty and income inequality
Tags: Inequality, Latina America and Caribbean region, Poverty

Growing like China: understanding the puzzle of China's economic transition

Fabrizio Zilibotti interviewed by Viv Davies, 23 Dec 2013

Fabrizio Zilibotti talks to Viv Davies about his award-winning paper ‘Growing Like China’ (co-authored with Zheng Song, Kjetil Storesletten and Yikai Wang) that addresses the puzzle of the combination of high growth and high return to capital in China with a growing foreign surplus. They also discuss pensions and demographic transition in China, factors that are driving the country’s growth and the country’s future role in the global economy. The interview was recorded on 17 September 2013.

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Announcement on CEPR website: CEPR Fellows receive the Sun Yefang 2012 Award (Tuesday, September 10, 2013).

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Topics: Poverty and income inequality, Productivity and Innovation
Tags: China, Inequality, productivity

Housing, spatial price differences, and inequality in China

John Gibson, Chao Li, 27 November 2013

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How do others measure inequality in China?

Topics: Poverty and income inequality
Tags: China, costs of living, Inequality, spatial price differences

Growth still is good for the poor

David Dollar, Tatjana Kleineberg, Aart Kraay, 19 November 2013

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With the formulation of the Post-2015 Development Agenda in full swing, it is important to reassess how and to what extent new development challenges should be reflected in the agenda. A key part of the soon-expiring Millennium Development Goals aimed at halving absolute poverty – as defined by the World Bank's $1.25/day standard – between 1990 and 2015.

Topics: Development
Tags: development, growth, Inequality, Millennium Development Goals, Poverty, World Bank

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