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 …
Statistics show that income inequality in the US is rising. However, Taylor Nugent explores how this problem is much less the fault of the labour market than people realise.
With extraordinarily high incarceration rates and exorbitant income inequality, the Baltimore riots were wholly unsurprising.
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
In Part 1 of 2, Oscar discussed the effect of the tax concession on the supply of housing. In Part 2, he examines its effects on house prices and income inequality.
Read moreThe Australian negative gearing tax concession and housing affordability (Part 2)
Professor Stephen King brings to the fore the story of decreasing global income inequality, often receiving less attention in comparison to the fierce debate about in-country income inequality.
In another largely theoretical exercise, Daniel Tan examines lifespan inequality and how income inequality ties in closely with the way we use our time.
Ryan Murphy-Moore sends in a spicy response to ESSA writer Matthew Rao’s article, The Age of Euphemisms.
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.
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.
Read moreMy Perspective: Day 1 – Australian Conference of Economists 2012