Inequality
The Politics of the Status Quo
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.
Is the US Bankruptcy System Morally Bankrupt?
Anat R. Admati reviews Unjust Debts: How Our Bankruptcy System Makes America More Unequal (2024) by Melissa B. Jacoby.
What MBA Students Reveal About Inequality in America
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.
Race and the Consumer Welfare Standard
The consumer welfare standard employs a collective consumer in its model when evaluating possibly anticompetitive behavior. This aggregated approach fails to recognize that such...
More than Economics, Ideology Determines US Voters’ Preferences for Redistribution
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza examines the...
Thomas Piketty On Creating A More Equal Society
In this unedited podcast conversation, economist Thomas Piketty talks to Bethany McLean and Luigi Zingales about the lessons from this movement toward equality and...
Low Wages are Less Common Today and No More Persistent
Researchers find that a smaller fraction of workers today earn low wages than at any point since the early 1980s.
Many Americans believe that wages...
Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?
New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the resulting economic...
Chart of the Week: Income Inequality Threatens Capitalism
A new survey of economists by the Initiative on Global Markets indicates that 67 percent agree or strongly agree that the rise in income...
Chart of the Week: Minority Underrepresentation in Local US Politics
ProMarket's first-ever Chart of the Week comes from a new paper that studies the underrepresentation gap of ethnic minorities in local US politics.
In a...
