Inequality
The Real “China Shock”: Political Fallout from Slowing Exports in China
As China’s export growth has slowed down over the past five years, workers have responded by taking to the streets with increasing frequency. The...
Do the Sons of Rich Families Recover After a Large Wealth Shock? Evidence From the US Civil War
One striking feature of many underdeveloped societies is that economic power is concentrated in the hands of very small powerful elites. Why is it...
Wealth Inequality in America: A Race Between the Stock and the Housing Market
Booming stock markets and the collapse of house prices in the aftermath of the 2008 financial crisis have increased wealth inequality in the US...
“Economics Now Points Away From the Laissez-Faire Approach”
Columbia professor Suresh Naidu on Economics for Inclusive Prosperity, the new initiative he launched with Dani Rodrik and Gabriel Zucman, and why he believes...
Watch: Raghuram Rajan on How Markets and States Leave Communities Behind
In a recent Stigler Center conversation with Luigi Zingales, Rajan talked about his new book The Third Pillar and explained why today’s populists “are...
The Nation-State: The Common Root of Our Failure to Deal with High Global Inequality and Climate Change
Inequality and climate change are both global problems that cannot be solved by a single country. Yet we are stuck with the political limitations...
How Finance Affects Income Inequality
There is mounting evidence that income inequality and disparities in wealth have been rising in advanced economies in the recent decades. Using data on...
The “Biggest Puzzle in Economics”: Why the “Superstar Economy” Lacks Any Actual Superstars
A new study finds that the contribution of superstar firms to US productivity growth has decreased by more than 40 percent over the past...
Governments Bear Much of the Responsibility for Rising Inequality—But Also Have the Tools to Reduce It
A new study tracks the influence of public policy on inequality and argues that the main rise in inequality has been a result of...
Rents and Inclusive Growth: A Decline in Rent Sharing Implies Growing Income Inequalities
A new study looks at the long-run evolution of rent sharing between companies and workers in the UK and finds that rent sharing...
