Inequality

The purchasing-power rates (PPPs) from the 2011 International Comparison Program (ICP) suggest lower inequality and poverty in the world than was thought based on prior ICP data. However, there are some continuing and (as yet) poorly resolved concerns about the data revisions implied by the 2011 ICP...

You may find the answer surprising, but the most recent data show that the world as a whole is becoming more equal, driven by fast growth rates of China and India and slower growth rates in rich countries. A decrease in the US mean income from 2008 to 2011, for instance, makes global convergenc...

There is growing support in the rich world for a basic-income guarantee (BIG), in which the government would provide a fixed cash transfer to every adult, poor or not.

In a recent SNL sketch Bill Haider is a white celebrity filming a commercial in a village using black people as props to plead for “39 cents a day” which he claims is “all these people need to survive.”