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Feb 8, 2016 · Lawrence Katz, the Elisabeth Allison Professor of Economics in Harvard’s Faculty of Arts and Sciences (FAS), says the most damaging aspects of the gap between the top 1 percent of Americans and everyone else involve the increasing economic and political power that the very rich wield over society, along with a growing educational divide, and ...
- Harvardgazette
- Economic inequality can give wealthier people an unacceptable degree of control over the lives of others. If wealth is very unevenly distributed in a society, wealthy people often end up in control of many aspects of the lives of poorer citizens: over where and how they can work, what they can buy, and in general what their lives will be like.
- Economic inequality can undermine the fairness of political institutions. If those who hold political offices must depend on large contributions for their campaigns, they will be more responsive to the interests and demands of wealthy contributors, and those who are not rich will not be fairly represented.
- Economic inequality undermines the fairness of the economic system itself. Economic inequality makes it difficult, if not impossible, to create equality of opportunity.
- Workers, as participants in a scheme of cooperation that produces national income, have a claim to a fair share of what they have helped to produce.
Feb 1, 2022 · Societal influences include macroeconomic circumstances, cultural narratives, structural prejudices, and salient consumption behaviors by the rich and the poor. I discuss how these influences shape (and distort) attributions of economic outcomes and lay beliefs about wealth and poverty.
- Shai Davidai
- 2022
Nov 1, 2022 · Why inequality matters. The rich tend to spend less of their money than the poor. As a result, the extreme concentration of wealth can slow the pace of economic growth.
- Fatema Z. Sumar
Aug 19, 2015 · Although there have been advances in recent years, we still need fully developed theories of how the different mechanisms interact with each other to explain the dramatic rises in interpersonal inequality in advanced economies in the last three decades. 1. High inequality: New realities and old debates
Some argue that the wealth owned by the ‘super-rich’, for example, has a positive impact on society through consumption patterns which stimulate the economy, and in providing incentives to work hard. But an increasing body of evidence (often based on cross-national comparative data) shows that inequality has pernicious effects on society ...
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How are incomes and wealth distributed between people? Both within countries and across the world as a whole? On this page, you can find all our data, visualizations, and writing relating to economic inequality.
