Understanding Economic Inequality
Show Less

Understanding Economic Inequality

Bigger Pies and Just Deserts

Todd A. Knoop

In Understanding Economic Inequality, the author brings an economist’s perspective informed by new, groundbreaking research on inequality from philosophy, sociology, psychology, and political science and presents it in a form that it is accessible to those who want to understand our world, our society, our politics, our paychecks, and our neighbors’ paychecks better.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 2: How unequal are we? Six major facts

Todd A. Knoop

Abstract

Surveys have shown that people across the world are shockingly ignorant about inequality and underestimate the extent to which inequality exists despite the voluminous research on inequality that has taken place over the last two decades. The purpose of this chapter is to take a closer look at the inequality data across the globe, summarized in six important facts about inequality across the globe. 1. Income Gini coefficients have risen significantly since 1980 within most countries of the world. 2. The top 10%, top 5%, top 1%, top 0.1%, and top 0.01% income shares within countries are rising particularly fast. 3. Global wealth inequality is growing even faster, and the number of billionaires is booming. 4. The middle-class in rich democracies is shrinking and economic mobility is stagnant. 5. The global middle-class and poor are gaining ground (relatively). 6. Where, not who, is still the biggest story in global inequality.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.