Archive for the ‘Inequality’ Category

Damn the Dysfunction: Let’s Talk Policy Reform!

June 13th, 2014

We’re apparently more ideologically divided than ever, politics remain horribly gridlocked, there’s deep confusion about where the economy’s headed…so what better time to trot out an ambitious policy agenda?! Obviously, there’s a selection bias in play, but everywhere I turn these days, people are asking me (and, I presume, others like me): what should we… Read more

What Took You So Long?

June 7th, 2014

As predicted, there’s a fair bit of kvelling over the fact that payrolls last month finally recovered the almost nine million jobs lost in the GR (great recession).  The figure below, by my CBPP colleague Chad Stone, shows the comeback, but more important from the perspective of this post, the pronounced difference in length it… Read more

Clarifying Some Confusion on Inequality over the Ages

June 2nd, 2014

There’s now a pretty active cottage industry of analysts pointing out that Piketty’s inequality analysis is incomplete because it leaves out the impact of taxes and transfers.  It’s an important point; one I’ve made as well.  Including the impact of taxes and transfers is particularly important when you’re analyzing poverty or the well-being of low-income… Read more

r>g meets c>l

June 2nd, 2014

Or: Part 2, why is capital so much stronger than labor? Piketty’s r>g is now pretty widely known for this sort of thing.  In case you missed it, it posits that if the rate of return on wealth grows faster than the economy, wealth holdings will continue to grow more unequal. Many have raised questions… Read more

The Current Economy: Green Shoots or Brown Ones?

May 29th, 2014

I was listening to an interview with Tim Geithner this weekend, and after going through his (highly readable) new book, they asked him where he thought the economy was headed.  “I don’t believe forecasts,” he said, which sounded smart to me (he then proceeded to forecast). He was pretty bullish about growth, generally arguing what… Read more