income inequality

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Income inequality in a low-interest rate world

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 …

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Racism is not dead

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

Inequality from a different Engel

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

Capitalism in Crisis: Income Inequality in the US

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.

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My Perspective: Day 1 – Australian Conference of Economists 2012

 

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.

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