Produced by a team of world-leading economists, this is the benchmark account of recent and historical trends in inequality.
World Inequality Report 2022 is the most authoritative and comprehensive account available of global trends in inequality. Researched, compiled, and written by a team of world-leading economists, the report builds on the pioneering edition of 2018 to provide policy makers and scholars everywhere up-to-date information about an ever broader range of countries and about forms of inequality that researchers have previously ignored or found hard to trace.
Over the past decade, 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. 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, housed 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 new report not only extends the lab’s international reach but provides crucial new information about the history of inequality, gender inequality, environmental inequalities, and trends in international tax reform and redistribution.
World Inequality Report 2022 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.
The 2022 World Inequality Report, a huge undertaking coordinated by economic and inequality experts Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, was the product of four years of research and produced an unprecedented data set on just how wealth is distributed…The data serves as a complete rebuke of the trickle-down economic theory.
The World Inequality Report said that 2020 saw the steepest increase in billionaires’ wealth on record. Meanwhile, 100 million people sank into extreme poverty…To help redress the imbalance, the economists call for a ‘modest progressive wealth tax on global multi-millionaires’ in order to redistribute wealth. They also call for tougher action on tax evasion.
[The World Inequality Report] finds that the fortunes of the super-rich have grown exponentially in recent years thanks to financial assets…In 2021, 10% of the richest people in the world held more than 52% of the world’s income while the poor held only 8.5%…The observations are clear: the biggest fortunes have been enriched since the coronavirus pandemic.
The study’s findings add to a debate about worsening inequality during a public health crisis that’s hurt developing economies—which are short of vaccines as well as financial resources to cushion the blow—even more than advanced ones. Within the rich world too, financial and real-estate markets have soared since the depths of the slump last year, widening domestic gaps.
- 320 pages
- 6-1/8 x 9-1/4 inches
- Belknap Press
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