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Must-read: Branko Milanovic and Suresh Naidu: Branko Milanovic’s New Approach to Global Inequality

Must-Read: Branko Milanovic and Suresh Naidu: Branko Milanovic’s New Approach to Global Inequality: “Convergence and Divergence Across Nations Reinforced or Damped by Kuznets Waves within Nations…

…Global inequality can be broken down into inequality between countries (btw US & Mexico) & within them (among US citizens). Within-country inequality is driven by “Kuznets waves” & between country by economic growth convergence. Real income growth has been quite strong for the global middle class (Vietnam, China, etc), but weak for 80th-90th percentile (US lower MC)…. Migration is the most powerful tool for the reduction of global poverty and inequality

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Must-read: Branko Milanovic and Suresh Naidu: Branko Milanovic’s New Approach to Global Inequality

March 29, 2016

AUTHORS:

March 29, 2016

AUTHORS:

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon