The inequality of wealth in China has increased rapidly in recent years. China presents a fascinating case study of how inequality of household wealth increases as economic reform takes place. Wealth inequality and its growth are measured and decomposed using data from two national sample surveys of...
Inequality rose steadily after the shift to settled agriculture, but tailed off in the Americas after around 2,500 years. In the old world, however, wealth inequality continued climbing for several millennia. That may be because Eurasia was richer in large mammals that could be domesticated. Hors...
Post-Global Financial Crisis, a typical question triggered by the wealth effect of unconventional monetary policies has been whether monetary policy has contributed to rising income and wealth inequality (Domanski et al (2016)). The indications are that it has not been among the main drivers of i...
One of the social issues concerning power, status, and class in American society today is income inequality. The income gap between the social classes has increased drastically throughout the last few decades, creating a significant gap between the wealthy and the poor. This gap has become so ...
and there is no evidence of decreased carbon intensity of energy over time. The latter might seem counterintuitive given that the share of renewable energy of total energy has increased over time. Yet rather than being picked up by the time coefficient, this effect is being picked up by the ...
Li points to the glaring wealth inequality in China’s stock market, where 80% of retail investors on the Shanghai Stock Exchange control a mere 3.2% of its total value, while the top 3% of investors hold over 60% of the wealth. ...
Job Displacement and Economic Inequality: Automation driven by generative AI may lead to job losses and exacerbate wealth disparities. Policymakers and organizations must prioritizeupskilling initiativesand equitable access to AI technologies to mitigate these effects. ...
But sky-high urban housing prices are contributing to other issues, including shortages of affordable housing options, strains on household budgets, reduced mobility, and growing inequality of wealth. In the United States, another new form of risk comes from nonbank lenders...
Based on a study of US household level bank account data, the poor disproportionately increased their savings rate compared to the rich in the United States, due to the level of the income support offered to low-income individuals. This ...
However, regional disparities increased again after the 1980s. In short, these studies of the Mexican experience seem to confirm two main features: inequality was high and persistent; and inequality was reduced only during the central decades of the twentieth century, but rose again during the ...