World Inequality Report 2018 is the most authoritative and up-to-date account of global trends in inequality. Researched, compiled, and written by a team of the world’s leading economists of inequality, it presentswith unrivaled clarity and depthinformation and analysis that will be vital to policy makers and scholars everywhere.
Inequality has taken center stage in public debate as the wealthiest people in most parts of the world have seen their share of the economy soar relative to that of others, many of whom, especially in the West, have experienced stagnation. The resulting political and social pressures have posed harsh new challenges for governments and created a pressing demand for reliable data. The World Inequality Lab at the Paris School of Economics and the University of California, Berkeley, has answered this call by coordinating research into the latest trends in the accumulation and distribution of income and wealth on every continent. This inaugural report analyzes the Lab’s findings, which include data from major countries where information has traditionally been difficult to acquire, such as China, India, and Brazil. Among nations, inequality has been decreasing as traditionally poor countries’ economies have caught up with the West. The report shows, however, that inequality has been steadily deepening within almost every nation, though national trajectories vary, suggesting the importance of institutional and policy frameworks in shaping inequality.
World Inequality Report 2018 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.
|Edition description:||New Edition|
|Product dimensions:||6.10(w) x 9.10(h) x 0.90(d)|
About the Author
Lucas Chancel is Co-Director of WID.world and of the World Inequality Lab and Senior Research Fellow at the Institute for Sustainable Development and International Relations.
Thomas Piketty is Professor at the Paris School of Economics and at the École des Hautes Études en Sciences Sociales (EHESS).
Emmanuel Saez is Co-Director of the World Wealth and Income Database (WID.world) and of the World Inequality Lab and Professor of Economics at the University of California, Berkeley.
Gabriel Zucman is Co-Director of the World Wealth and Income Database (WID.world) and of the World Inequality Lab and Assistant Professor of Economics at the University of California, Berkeley.
Table of Contents
Highlights for 2018 1
Introduction: Better Inequality Data for a More Informed Democratic Debate 17
Part I The WID.world Project 21
1 The Measurement of Economic Inequality 23
Part II Trends in Global Income Inequality 37
2 Global Income Inequality Dynamics 39
3 Trends in Income Inequality between Countries 60
4 Trends in Income Inequality within Countries 70
5 Income Inequality in the United States 83
6 Income Inequality in France 100
7 Income Inequality in Germany 110
8 Income Inequality in China 116
9 Income Inequality in Russia 124
10 Income Inequality in India 136
11 Income Inequality in the Middle East 145
12 Income Inequality in Brazil 154
13 Income Inequality in South Africa 162
Part III Public versus Private Capital Dynamics 169
14 Wealth-Income Ratios across the World 171
15 The Evolution of Aggregate Wealth-Income in Developed Countries 182
16 Comparing the Experiences of Former Communist States 193
17 Capital Accumulation, Private Property, and Rising Inequality in China 201
18 The Rise of Private Property in Russia 209
Part IV Trends in Global Wealth Inequality 217
19 Global Wealth Inequality: Trends and Projections 219
20 Comparing Trends in Personal Wealth Inequality across the World 228
21 Wealth Inequality in the United States 236
22 Wealth Inequality in France 244
23 Wealth Inequality in Spain 257
24 Wealth Inequality in the UK 269
Part V Tackling Economic Inequality 277
25 What is the Future of Global Income Inequality? 279
26 Tackling Rising Inequality at the Top: The Role of Progressive Taxation 286
27 Tax Policy in a Global Environment: The Case for a Global Financial Register 294
28 Tackling Inequality at the Bottom: The Need for More Equal Access to Education and Good-Paying Jobs 299
29 A Message from the Past: Let Governments Invest in the Future 310