The chartbook of economic inequality

Tony Atkinson, Salvatore Morelli, 26 March 2014



Inequality – long ignored – is now centre stage in debate about economic policy around the globe. The 2007-2008 collapse of the global financial system and the subsequent economic downturn/debt crises have acted as a catalyst for growing anxiety around the increasing dispersion of incomes within most advanced economies. We are not “all in it together”.

Topics: Poverty and income inequality
Tags: income, inequalities, wealth

Recasting international income differences: The next-generation Penn World Table

Robert C Feenstra, Robert Inklaar, Marcel Timmer, 2 September 2013



The Penn World Table has long been a standard data source for those interested in comparing living standards across countries and explaining differences in cross-country growth. The article describing version 5.6 (Summers and Heston 1991), is among the most widely cited papers in economics with well over 1000 citations.

Topics: Development, Frontiers of economic research
Tags: income, Penn World Table

Distributional consequences of natural-resource booms: Lessons from Australia

Sambit Bhattacharyya, Jeffrey G. Williamson, 10 August 2013



Commodity-price shocks have powerful but unequal effects on labour, capital and land. A large literature, often referred to as the ‘Dutch Disease’ literature, documents the effects of commodity booms on factors of production (Corden and Neary 1982). An increase in global commodity demand and a subsequent rise in commodity prices trigger a sharp rise in commodity exports.

Topics: Development, International trade
Tags: Australia, income, Inequality, wealth

Technology and income dynamics: 1800-2000

Diego Comin, Martí Mestieri, 28 May 2013



Two-hundred years ago, cross-country differences in income were relatively small. European countries and Western offshoots, what Maddison (2004) called Western countries, were on average 90% richer than the rest.1 By 2000, this income gap had grown to 750%.

Topics: Economic history
Tags: income, technology

Income and schooling

Markus Brückner, Mark Gradstein, 4 April 2013



Countries’ average income per capita is strongly correlated with more schooling. This can be seen both by looking at the relationship between them across countries (Figure 1), and by considering their evolution over time in particular countries.

Topics: Education
Tags: human capital, income

Avoiding middle-income growth traps

Pierre-Richard Agénor, Otaviano Canuto, Michael Jelenic, 21 December 2012



In the postwar era, many countries have managed to quickly reach middle-income status, but few have gone on to become high-income economies1. Rather, after an initial period of rapid ascent, many countries have experienced a sharp slowdown in growth and productivity, falling into what has been called a ‘middle-income trap’:

Topics: Development, International trade, Labour markets, Productivity and Innovation
Tags: income, innovation, investment, labour market reform, middle income

The consumption response to income changes

Tullio Jappelli, Luigi Pistaferri, 2 April 2010



With the recovery underway, the consumption-income link is back in the spotlight. While there is a long tradition of studying the connection, many questions lack definitive answers:

Topics: Macroeconomic policy
Tags: consumption, fiscal policy, income, taxes

The effect of lottery prizes on physical and mental health

Andrew E. Clark interviewed by Romesh Vaitilingam, 2 Apr 2010

Andrew Clark of the Paris School of Economics talks to Romesh Vaitilingam about his research on the relationship between income and health, which examines changes in the health and health behaviours (smoking and drinking) of British people who win prizes in the national lottery. The interview was recorded at the Royal Economic Society’s annual conference at the University of Surrey in March 2010.


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Topics: Health economics
Tags: happiness, health, income

Parental education and parental time with children

Jonathan Guryan, Erik Hurst, Melissa S. Kearney, 5 July 2008



In an April 2008 column, New York Times columnist David Brooks asserted:

Topics: Education, Poverty and income inequality
Tags: child care, income, parental education

Rising income per capita does not necessarily increase chances of a move to democracy

Daron Acemoglu, Simon Johnson, James A Robinson, Pierre Yared, 20 August 2007

At the heart of comparative politics is an attempt to understand why different societies are organised in different ways. Why are some democratic, others not? Why do some societies develop modern effective nation states, while others do not? Why do some societies experience revolutions, while others undertake more gradual change?

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Topics: Politics and economics
Tags: democratisation, income

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