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World Inequality Report 2018

World Inequality Report 2018

Edited by Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman

ISBN 9780674984554

Publication date: 07/09/2018

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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 presents—with unrivaled clarity and depth—information 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.

Praise

  • Examining the World Inequality Report—…by the creators of the World Wealth and Income Database, who include the economists Thomas Piketty and Emmanuel Saez—it is tempting to see the rising concentration of incomes as some sort of unstoppable force of nature, an economic inevitability driven by globalization and technology… And yet, a careful examination of the data suggests there is nothing inevitable about untrammeled inequality.

    —Eduardo Porter and Karl Russell, New York Times

Authors

  • Facundo Alvaredo is Codirector of the World Wealth and Income Database (WID.world) and of the World Inequality Lab.
  • Lucas Chancel is Affiliate Professor at Sciences Po and Codirector of the World Inequality Lab at the Paris School of Economics.
  • Thomas Piketty is Professor at École des Hautes Études en Sciences Sociales (EHESS) and the Paris School of Economics and Codirector of the World Inequality Lab.
  • Emmanuel Saez is Professor of Economics at the University of California, Berkeley, and Director of the Center for Equitable Growth.
  • Gabriel Zucman is Professor of Economics at the University of California, Berkeley, and Director of the EU Tax Observatory.

Book Details

  • 344 pages
  • 6-1/8 x 9-1/4 inches
  • Belknap Press

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