income inequality

Much of the buildup to President Obama’s State of the Union address made it sound as if he was going to read chapter and verse from French economist Thomas Piketty’s book, Capital in the 21st Century—you know, last year’s 700-plus page best seller, the one that was unexpectedly all the rage as...
01/22/2015
Blog
A new paper by Martin Gilens and Benjamin Page sheds more light on the influence that elite economic interests have on policymaking and policy outcomes. Building on their previous work, Gilens and Page test the influence different interest groups- average citizens, economic elites and interest...
04/09/2014
Blog
At The Atlantic today, Derek Thompson shows how the top 0.01 percent of income earners have seen their earnings explode over the past few years. As Thompson explains, the explosion in earnings is not from wages but from capital gains. An analysis of the 400 richest tax returns shows that...
02/13/2014
Blog
One of the more concrete actions President Obama can take tomorrow is announcing an executive order to raise the wages of federal contractors. As my colleagues, Amy Traub and Robbie Hiltonsmith found the federal government is the nation’s leading low-wage employer, with nearly two million private...
01/27/2014
Blog
The third quarter GDP numbers were released this morning, which show a GDP increase of 2.8 percent, an increase from the 2.5 percent reported for the second quarter. Among other factors, increases in personal consumption and state and local government spending helped contribute to the increase in...
11/07/2013
Blog
Occupy Wall Street was born exactly two years ago today, and even as that movement reached its zenith later in the fall of 2011, it was easy to dismiss the activists who took over financial centers around the nation. Their policy agenda was amorphous and their organizational processes seemed...
09/16/2013
Blog
During the recession, the incomes of the richest fell, but not nearly at the rate of everyone else, despite their role in precipitating the crisis. But that inequality of performance has gotten worse during the recovery. Showing the difference between the bottom 90 percent of earners and the...
09/11/2013
Data Byte
The top one percent captured 95 percent of the income growth of the recovery. That’s just one depressing lowlight in Thomas Piketty and Emmanuel Saez' 2012 update on the fortunes of the top 1 percent.  Piketty and Saez' dataset, drawn from exclusive access to the IRS filings of the top 1...
09/10/2013
Blog
Here’s another example of how money corrupts the electoral system: a pro-business special interest group has spent almost $7 million on New York City Council races. Jobs for New York is organized by the Real Estate Board of New York, backed by real estate developers, property owners, and other pro-...
09/06/2013
Blog
The new American Economic Association Journal of Economic Perspectives looks at income inequality and the rising 1 percent. Among the articles is a piece on why democracy hasn’t slowed economic inequality. In other words, why haven’t our elected officials acted to slow economic inequality? The...
08/12/2013
Blog
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