Inequality has become the new hot topic over the last several years – in the media and in the research community. This post briefly reports several recent studies of inequality that tell us what’s been happening, why, and to what effect. (It’s not a cheery story.) Before that, notice how … More >
Differences in attitudes towards welfare and redistribution are an important source of political tension, especially during recessions. What factors shape people’s attitudes towards welfare and redistribution?
There are two main strands of thought on this question in the literature. One strand emphasizes economic self-interest as a key determinant of attitudes toward … More >
However bad you think the global economy is today in terms of the business cycle, that is only one lens through which to view the world. In terms of global life expectancy, total world wealth, the overall level of technology, growth prospects in emerging economies, and global income distribution, things … More >
The destruction caused by the bursting of the housing bubble and the subsequent Great Recession continues to wreck havoc on our economy, communities, families and workers. Last month, the Federal Reserve released 2010 data from its Survey of Consumer Finances (SCF). This triennial survey, one of the best sources on … More >
This Christmas season and this Great Recession combine to focus media attention on this critical question: Are Americans spending enough? News anchors breathlessly report Black Friday receipts, trends in online shopping, and FedEx shipping loads. If only people would stretch their budgets, use their credit cards more, take a fling … More >
Last week the U.S. Census Bureau released its annual report on income, poverty, and health insurance coverage for 2010. Data from the report represents that of the first full year into our economic recovery (which official started in June 2009). It is no surprise, given the focus of this report … More >
When I was a small boy I was bullied more than most, mainly because I was a foot shorter than than everyone else. They demanded the cupcake my mother had packed in my lunchbox, or, they said, they’d beat me up. After a close call in the … More >