Global Inequality Dynamics: New Findings from WID.world

By Facundo Alvaredo, L. Chancel, Thomas Piketty, Emmanuel Saez, G. Zucman. 2017

295 citations recorded by the source corpus.

This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/80e470c2516c2cc0fd978681c237784085d14d87

Citations in the corpus

• Financial Frictions and the Wealth Distribution (2019, unknown): “financial crisis (Alvaredo et al., 2017); iii) the increase in debt and leverage experienced during the same period (Adrian and Shin, 2010, and Nuño and Thomas, 2017); and iv) the low risk-free interest rates of the last two decades (Holston et al.”