Economic Inequality

Dads often earn more, even if they’re not harder workers

When it comes to earning potential, it pays to be a dad, new UBC research suggests. The study, published in the journal Work, Employment and Society, found that men often receive a wage boost when they become fathers -- even if they're not necessarily working harder. In fact, when their work is scrutinized more closely

2018-06-16T13:27:12+00:00 Tags: |

UN expert calls US income inequality ‘a political choice’

A U.N.-supported human rights expert has blasted the yawning gap between rich and poor in the United States, insisting in a new report that the world's richest country "is now moving full steam ahead to make itself even more unequal." The United Nations' human rights office said Monday that Philip Alston, an independent expert commissioned

What’s the State of Global Inequality?

The first ever World Inequality Report was published recently by the leading economists who created the World Wealth and Income Database. The report serves as the most authoritative and up-to-date account of the state of global inequality in 2017 and will be vital to policymakers and scholars everywhere. Income inequality has increased across all world regions in recent decades, but

2018-05-23T04:44:42+00:00 Tags: , |

Income inequality is going to hit tomorrow’s retirees hard

One of the mysteries of personal finance has been the disconnect between the income inequality afflicting the working public and the claims by fiscal conservatives that most people's retirement lifestyles will be perfectly comfortable. A recent post on the Squared Away blog of Boston College's authoritative Center for Retirement Research solves the mystery. There is no

Why the Wealth Gap Hits Families the Hardest

What does economic inequality really look like? Income alone doesn’t give a complete picture. Income inequality describes the gap between a six-figure salary and minimum wage. But the more alarming gap occurs in wealth — a household’s total assets minus debts. To understand how inequality is playing out in the United States, we need to

Not quite a ‘double bind’ for minority women in science

Many studies have shown that both minority and women scientists face disadvantages in reaching the highest levels of their careers. So it would make sense that minority women would face a “double bind” that would particularly disadvantage them. But a new study using a massive database of scientific articles suggests that minority women actually face

Here Are Some Predictions for Automation and Income Inequality

The effect that technological change will have on income inequality globally can be better understood and predicted by using economic complexity. Inequality Inequality is present in today’s development discussions for two reasons. First, it has been argued that inequality has both increased and decreased since the Industrial Revolution, with conflicting datasets and term definitions. Using

Earth Day: it is about equity as well as the environment

Growing gaps in family structure, educational investments, school readiness, test scores, and college entry and completion all make upward economic mobility a more difficult prospect for children born to poor families. Poor children in poor neighborhoods are at an even greater disadvantage. Growing up in an impoverished community doesn’t only affect your lifetime earnings –

2018-04-25T15:53:38+00:00 Tags: |

The ethics of reducing inequality

Around the world, the effects of alarmingly high economic inequality are spilling over into politics and society. Economic insecurity is a driving force behind violent conflicts in the Middle East and the rise of fascist elements in some European countries, not least Hungary and Poland. Even in older democracies such as the United States, economic

‘Wealth Gap’ Poses Significant Threat To Women’s Retirement Security

Women today are fighting to remedy inequality in several areas, and have made great strides as a result of their efforts. But financial security is (still) an issue. A recent study, Women and Financial Wellness: Beyond the Bottom Line, outlines significant disparities between men and women that go far beyond the “pay gap.” “Women experience a gender wealth

How government policies in India and China are widening income inequality

Wealth inequality continues to grow, according to the 2018 edition of the World Inequality Report. In the past three decades, 28% of the aggregate increase in real incomes in North America and western Europe was captured by the top 1% of earners. The bottom half saw less than 10% of this increase. Inequality has also settled

Is Housing Inequality the Main Driver of Economic Inequality?

Economic inequality is one of the most significant issues facing cities and entire nations today. But a mounting body of research suggests that housing inequality may well be the biggest contributor to our economic divides.Thomas Piketty’s influential book, Capital in the Twenty-First Century, put economic inequality—and specifically, wealth inequality—front and center in the global conversation. But research by

High GPA could work against young women job hunters

COLUMBUS, Ohio – Stellar grades in college could hurt – rather than help – women new to the job market, according to a new study that suggests employers place more value on the perceived “likability” of female applicants than on their academic success. Male applicants with high grade point averages were twice as likely to

2018-04-09T07:58:59+00:00 Tags: |

Richest 1% on target to own two-thirds of all wealth by 2030

The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action. World leaders are being warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the

Investing in public education earns high marks for greater upward mobility

Investing in education may help boost economic opportunities for the next generation, according to a team of economists. In a study, researchers suggest that investing in public education can lead to more upward economic mobility and lower teen pregnancy rates, as well as provide a way to ease income inequality. "It's something we've long suspected,

2018-04-06T04:00:47+00:00 Tags: |

The Trend Toward Inequality Has Slowed, But So Has Income Growth

Every couple of years the Congressional Budget Office publishes estimates of the trend in federal tax burdens and the distribution of U.S. incomes. CBO’s newest estimates, published last week, show that income inequality continues to rise, but at a sharply slower pace compared with the three decades ending in 2007. Unfortunately, the upward trend in real income

The messy truth about income inequality

We need to think differently about income inequality. You know the conventional wisdom. Except for the top 1 percent and the upper middle class, most Americans are treading water. Their incomes have stagnated for decades. Worse — and despite contrary pledges from President Trump — this will persist, because the rich are grabbing more income

A huge new Stanford and Harvard study proves that US inequality isn’t just about class

For decades, an increasingly loud chorus has claimed that economic inequality is primarily driven by class, with other possible reasons for disparities, such as race, playing a lesser role. They say that it is counterproductive to focus on inequality between races—instead, it is better to consider the inequality between all of America’s poor and its

Watch: Bernie Sanders hosts a town hall on inequality

Sen. Bernie Sanders’ televised town hall on economic inequality drew about 1.7 million live viewers during an online broadcast Monday night. The panel-discussion-style event, called “Inequality in America: The Rise of Oligarchy and Collapse of the Middle Class,” exceeded the viewership of Sanders’ first live town hall on single-payer health care in January.  The broadcast provided the Vermont independent with