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Income Inequality

Cultural Economics

How OxyContin and the Opioid Epidemic Reshaped American Communities

Carolina Arteaga
The OxyContin epidemic had large demographic effects on communities in the United States. In new research, Carolina Arteaga, Victoria Barone, and Stephen Claassen find that Purdue Pharma’s marketing strategy targeted specific areas, causing college-educated residents to flee and increasing fertility rates among the most affected populations.
Commentary

The Proposed California Billionaire Wealth Tax Produces Inequities and Adverse Incentives

Ray Ball
California’s proposed wealth tax on billionaires will struggle to accurately value and tax the wealth of California’s richest. Rather than fund the state’s massive budgetary commitments, the bill may drive away its largest taxpayers, write Ray Ball and Andrew Sutherland.
Income Inequality

The EPA’s EJScreen Shows How Data Transparency Can Enable Civil Society

Grace Haoqing Fan
In new research, Grace Fan, Trung Nguyen, and Xi Wu show how improvements in government data transparency and disclosure through the public rollout of the Environmental Protection Agency’s Environmental Justice Screening and Mapping Tool enabled civil society to identify and hold polluters responsible and improve overall environmental justice.
Book Reviews

How I Stopped Worrying and Learned to Love the Minimum Wage

Matthew Lucky
Matt Lucky reviews The Wage Standard: What’s Wrong in the Labor Market and How to Fix it by Arindrajit Dube, now out at Penguin Press.
Income Inequality

Why Private Market Funds Are Dangerous for Retail Investors

Ben Bates
In new research, Ben Bates examines the recent wave of funds designed to open private markets to retail investors. Such funds both underreport volatility and perform worse than comparable funds aimed at wealthier investors.
Fiscal Policy

Do Unequal Places Cost More To Live in?

Yumin Hu
In recent research, Yumin Hu, Luca Macedoni, and Mingzhi Xu explore how high income inequality can raise the costs of living. They compare grocery products around the U.S., finding that large retailers will increase the prices for their goods in places where income inequality is also high.
Book Excerpts

The Politics of the Status Quo

Rory McVeigh
The following is an excerpt from “Politics and Privilege: How the Status Wars Sustain Inequality” by Rory McVeigh, William Carbonaro, Chang Liu, and Kenadi Silcox, now out at Columbia University Press. 
Book Reviews

How Income Inequality Today Differs From the Past

Surya Gowda
Surya Gowda reviews Branko Milanović’s Visions of Inequality: From the French Revolution to the End of the Cold War and how his analysis of class and inequality applies to contemporary America.
Income Inequality

What MBA Students Reveal About Inequality in America

Marcel Preuss
In new research, Marcel Preuss, Germán Reyes, Jason Somerville, and Joy Wu find that MBA students’ attitudes toward inequality and fairness vary from those of the average American. As these students will one day form the business and political elite of the United States, the findings have implications for the future of inequality in the U.S.
Antitrust and Competition

Why Rising Markups Hurt Innovation and Widen Inequality

Giammario Impullitti
Over the past four decades, the United States has seen rising market power, slowing productivity growth, and deepening wealth inequality. In new research, Giammario...
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