income inequality

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Income inequality in a low-interest rate world

October 6, 2020August 25, 2019 by ESSA Writers

A topical discussion in economics is a trend of rising Income inequality, with some calling it the most disturbing social and economic issue of our time.[1] One way to measure this inequality is to compare the income earned by the top 1% as a share of national income. Plotted in the graph bellow we can …

Household income equality: changing families or changing pay-cheques?

July 29, 2016 by Taylor Nugent

Statistics show that income inequality in the US is rising. However, Taylor Nugent explores how this problem is much less the fault of the labour market than people realise.

Racism is not dead

May 11, 2015May 4, 2015 by Leon Obrenov

With extraordinarily high incarceration rates and exorbitant income inequality, the Baltimore riots were wholly unsurprising.

Inequality from a different Engel

February 21, 2016December 9, 2014 by Daniel Tan

Inspired by last semester’s encounter with Engel’s Law, Daniel Tan posits an unsettling conjecture about income inequality and the future of consumption growth

The Australian negative gearing tax concession and housing affordability (Part 2)

February 21, 2016September 7, 2014 by Oscar Han

In Part 1 of 2, Oscar discussed the effect of the tax concession on the supply of housing. In Part 2, he examines its effects on house prices and income inequality.

Let’s celebrate the fall in global income inequality

February 14, 2016May 24, 2014 by Stephen King

Professor Stephen King brings to the fore the story of decreasing global income inequality, often receiving less attention in comparison to the fierce debate about in-country income inequality.

A twist on labour economics: time inequality

November 6, 2019May 5, 2014 by Daniel Tan

In another largely theoretical exercise, Daniel Tan examines lifespan inequality and how income inequality ties in closely with the way we use our time.

Letter to the Editors: the party of euphemisms?

October 14, 2019May 4, 2014 by Guest

Ryan Murphy-Moore sends in a spicy response to ESSA writer Matthew Rao’s article, The Age of Euphemisms.

Capitalism in Crisis: Income Inequality in the US

October 12, 2019March 25, 2014 by Marco Madzzar

It is now 5 years into the US recovery after the severe recession of 2008-9, unemployment has fallen to 6.7% and quarterly GDP growth remains between 1-2%. At first glance the recovery finally appears to be picking up momentum, with stronger then expected growth in the last half of 2013.

Looking at the longer term trends however, any optimism is quickly expunged as it appears the US is performing far below its potential. The IMF outlook for 2013 shows actual GDP to be more than 4% below potential GDP.

My Perspective: Day 1 – Australian Conference of Economists 2012

February 16, 2016July 9, 2012 by Dean Pagonis

This is the first of four blog posts I will be writing for ESSA from the 41st Australian Conference of Economists, co-hosted by Economics Society of Australia and Victoria University. This blog aims to give its readers an insight into the key discussion topics at the ACE conference which created hearty debate amongst some of Australia’s pre-eminent economists.