Pension reform and equity

Benedict Clements, Csaba Feher, Sanjeev Gupta, 17 July 2014

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Pension reform remains a critical fiscal policy challenge for advanced and emerging market economies. Despite reform efforts in these economies – which have focused on raising retirement ages and reducing benefits – spending is expected to rise as a share of GDP over the medium-term (EC 2012, Merola and Sutherland 2013).

Topics: Poverty and income inequality
Tags: fiscal policy, redistribution

How to address inequality

Jeffrey Frankel, 29 April 2014

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Inequality has received a lot of attention lately, particularly in two arenas where it had not previously received as much: American public debate and the International Monetary Fund.

Topics: Politics and economics, Poverty and income inequality
Tags: Inequality, Political Economy, redistribution, US, voting

Taxing, spending, and inequality – what is to be done?

Benedict Clements, David Coady, Ruud de Mooij, Sanjeev Gupta, 15 April 2014

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The causes and consequences of rising inequality have attracted considerable attention, including the recent study by Thomas Piketty (2014). This has also touched off a lively debate on the appropriate policy response to rising disparities in income and wealth (Mankiw 2013, Berg, Ostry, and Tsangarides 2014).

Topics: Poverty and income inequality, Taxation
Tags: fiscal policy, income inequality, redistribution

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

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

Preferences for redistribution: The crisis, reduced inequality, and soak-the-rich populism

Alberto Alesina, Paola Giuliano, 23 April 2009

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The current financial crisis will reduce income and wealth inequality. The rich who heavily invested in financial and stock markets have lost much more than the less wealthy. The relatively poor “young” may face the sale of the century.

Topics: Poverty and income inequality
Tags: financial crisis, populism, redistribution, US inequalities

Finance, redistribution, globalisation

Giuseppe Bertola, Anna Lo Prete, 3 December 2008

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The current global financial crisis highlights the vexed issues of what role national governments should and do play in an internationally integrated economic system.

Topics: Global economy
Tags: financial markets, globalisation, redistribution

Spend it like Beckham? Inequality and redistribution in the UK, 1983-2004

Andreas Georgiadis, Alan Manning, 5 January 2008

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"I warn you that there are going to be howls of anguish from those rich enough to pay over 75% on their last slice of earnings", a gleeful Denis Healey, Labour Party Shadow Chancellor, 1973.

Topics: Poverty and income inequality, Taxation
Tags: Inequality, redistribution, taxation

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