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Countries around the world are working to develop social protection floors to help reduce poverty. Ensuring workers can earn adequate wages is an important component of social protection floors. In this paper, we explore who receives minimum, poverty, median, and living wages in Jordan, comparing 2010 and 2016, and in Tunisia in 2014. We demonstrate that while the majority of workers do earn at least minimum and poverty wages, only a minority of workers earn a living wage. The chances of earning minimum, poverty, median, and living wages depend on the characteristics of workplaces, specific work characteristics (especially job formality and skills required), and the demographic characteristics of workers. While results are consistent with wages reflecting, in part, workers' productivity, they may also reflect rents, efficiency wages, and for minimum wages issues with enforceability and policy design. These findings highlight which workers are vulnerable to low earnings and where greater enforcement or redesign of minimum wage legislation might be needed. [ABSTRACT FROM AUTHOR]

We evaluated the impact of the displacement project on land and income inequalities in Koto Panjang resettlement villages of Riau Province of Indonesia. The displaced households received equally compensated land before the project's operation. We took that displacement as a treatment and conducted a with-and-without project comparison to the changes in the household economy, putting the non-displaced households as counterfactual. Using the 2003 and 2013 Indonesian Agricultural Household Income Survey, we found that the displaced areas had equally distributed land but unequally distributed income. In addition, both land and income levels were higher in the displaced than in the non-displaced. [ABSTRACT FROM AUTHOR]

This paper investigates the macroeconomic and social determinants of voting behavior, and especially of political polarization – defined here as the increasing electoral success of far-right and far-left parties – in 20 advanced countries using annual data from 1970 to 2016 and covering 291 parliamentary elections. Our analysis indicates that the link between income inequality and political polarization appears to have significantly changed over the last 20 years. Indeed, we find that both average net income inequality, as well as the bottom 10% income share are statistically linked to the recent success of far-right parties (but not of far-left parties), while the top 10% or top 20% income shares are not. The link of income inequality and political polarization, and in particular the increasing success of far-right parties, thus seems to be based on the deterioration of the relative economic position especially of the poorest fraction of the population. [ABSTRACT FROM AUTHOR]

• More than two-thirds of the world's population are affected by the escalating issue of rising income inequality. This phenomenon is intensifying the risk of societal divisions, provoking protests in numerous countries, and impeding economic and social development. • BioTrade refers to products or services derived from biodiversity, which are commercialized and traded in a manner that upholds respect for both people and nature. • There exists a robust positive correlation between BioTrade and income inequality. However, the impact of BioTrade on inequality exhibits heterogeneity based on sub-regions and the distribution of income disparities. • The level of preparedness for advanced technologies serves as one pathway through which BioTrade influences global inequality. While empirical studies exploring the impacts of international trade on income inequality have continued to expand, yielding mixed results, less attention has been devoted to the effects of BioTrade on income redistribution. This article addresses this gap by examining the impact of BioTrade on income inequality, with a specific emphasis on the role of technological innovations. We employ a panel model encompassing 131 countries over the period 2010–2019, utilizing instrumental variable two-stage least squares and smoothed instrumental-variable quantile regression. Overall, the results indicate a strong positive link between BioTrade and income inequality, yet its effects remain heterogeneous across sub-regions and the distribution of income inequality. To elucidate this positive link, the article presents evidence of the crucial role of the level of readiness for advanced technologies. Consequently, technological innovations play a pivotal role in mitigating the accelerating effects of BioTrade on inequality. The results are robust to a battery of robustness tests, including variations in estimation methodologies, alternative measures of inequality and BioTrade, and the inclusion of control variables. These results call upon policymakers to champion technological innovations, such as Internet access and research and development, as crucial strategies for effectively and sustainably alleviating the aggravation of inequalities induced by BioTrade. [ABSTRACT FROM AUTHOR]

• Nexus between the positioning of economies along Global Value Chains (GVCs) and within-country income inequality for 101 countries in 2003–2015. • Distinguish product-level from "functional" positioning of economies, the latter defined by the value-adding activities performed along GVCs. • A more upstream product-level positioning is associated with higher (lower) inequality in low- and middle- (high-) income countries. • Greater involvement of economies in pre- and post-production functions is associated with lower income disparities. • Results on the distributional effects of functional positioning are driven by low- and middle-income countries. This work addresses the nexus between Global Value Chains (GVCs) and within-country inequality by distinguishing two key dimensions: the "product-level positioning" of economies, i.e. their involvement in more upstream or downstream industries, and their "functional positioning", defined by the value-adding activities performed along GVCs. Using trade and FDI data on 101 countries in 2003–2015, we show that a more upstream product-level positioning is associated with higher inequality in low- and middle-income countries. This is consistent with these countries' greater involvement in industries supplying raw materials and energy inputs, characterised by a remarkable income polarisation. Conversely, a more downstream product-level positioning goes together with greater inequality in high-income countries, reflecting downward pressures on labour income due to massive outsourcing of inputs to foreign suppliers. As for functional positioning, we find that a greater involvement of economies in pre- and post-production stages is associated with lower income disparities, while a larger engagement in production operations goes together with higher inequality. This result is driven by low- and middle-income countries, suggesting that a greater involvement in knowledge-intensive GVC activities fosters technological upgrading in these economies, with beneficial effects also on the lower segments of the labour force. [ABSTRACT FROM AUTHOR]

This paper examines the trajectory of global income inequality since 1981. Commonly used (relative) definitions indicate a decline in global inequality since the late 1980s. Looking ahead, it has been intuited that the influence of China's economic development—and that of other rapidly growing, populous nations—on the between-country component will, at some juncture, diminish and start to add to global inequality should economic growth persist. Our paper formalizes the turning point of global inequality through a simple model. For illustrative purposes, we empirically present the implications for the timing of the turning point in the context of a weaker post-pandemic growth recovery versus a stronger, albeit improbable, post-pandemic growth recovery. We conclude by arguing that the era of declining global income inequality is likely over, considering the forces influencing both the between-country and within-country components. [ABSTRACT FROM AUTHOR]

Purpose: The primary focus of this study is to examine the distributional consequences of the widespread increase in prices. The fundamental question the study aims to address is whether the dynamics of income distribution due to higher inflation differ in the short term compared to the long run. Design/methodology/approach: The authors estimated a panel-data model (fixed effects) using inequality and inflation data available at a high frequency, i.e. on a quarterly basis for over 30 years, and found evidence that inflation causes rapid swings in income distribution. Findings: The authors' contribution to the literature lies in providing evidence that inflation rapidly causes swings in income distribution, even after controlling for the state of the economy. The authors also demonstrate that the magnitude and direction of the effect of inflation on income inequality depend on whether the initial inflation rate is below or above the Federal Reserve's target of 2%. Originality/value: To the best of the authors' knowledge, the authors are the first to emphasize that the targets set by central banks can drive the strength and direction of the relationship between inflation and income inequality. [ABSTRACT FROM AUTHOR]

This paper deals with global imbalances as an increasingly important issue in our age. While the literature establishes that current accounts are inversely related to the ratio of income to consumption inequality in OECD, our study finds that this relationship is reversed in Asia. That ratio has much to do with various schemes of consumption smoothing, which are affected by policy interventions to alleviate the effects of rising income inequality. Different policies may generate opposite outcomes. In OECD, policy encourages consumer credit and deficit spending among low-income people so that consumption inequality is kept artificially low, leading up to a current account deficit. In Asia, policy promotes output growth via high savings with no well-developed smoothing schemes designed to help poor households, so that consumption inequality moves in line with income inequality, with excess savings recycled into a current account surplus. Hence, any reduction in global imbalances requires both regions to adjust their policies for mitigating income inequality and optimizing smoothing schemes. [ABSTRACT FROM AUTHOR]

With the transition from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs), the concept of development has shifted from development to inclusive development. This motivates authors to include not only growth and inequality but also poverty, which will represent our concept of inclusive development. The literature on trade and its impact on inequality and poverty is ambiguous and heterogeneous, reflecting the need for more empirical analyses to enable effective policy targeting and implementation. The study examines the dynamic linkages between trade and the GIP triangle (economic growth, poverty, and inequality) in 18 emerging countries from 1991 to 2020. As a contribution to the existing literature, the study emphasizes direct and indirect linkages between trade and the GIP triangle. Using the panel ARDL approach for panel data, the study finds that trade promotes growth. Trade also helps in deteriorating income inequality, while it is not a factor of poverty eradication in emerging economies. The study recommends that to maximize the effectiveness of trade policies; they must be complementary and implemented in tandem with trade reforms. [ABSTRACT FROM AUTHOR]

"The War Against Boys" by Christina Hoff Sommers, reviewed in the Canadian Journal of Education, discusses the issue of boys' underachievement in education and its potential impact on the economy. The author argues that despite strides in education for women, male underachievement has worsened, emphasizing the need to address this reality. The review highlights how classroom strategies have shifted to favor girls, potentially contributing to boys' disengagement in education. The book challenges the notion of equal outcomes as a measure of equal opportunity, providing insights into gender disparities in education. [Extracted from the article]

Countries are facing interconnected and cascading crises, including COVID-19, climate change, wars and military conflicts, and disruptions in geopolitics. To address these global challenges, it is necessary to introduce eco-innovations, and implement renewable energy. The purpose of the article is to analyze the countries' eco-innovative development, determine the impact of factors on alternative energy sources consumption, and consider models for eco-innovation network management. The dynamics of the Global Innovation Index, the European Innovation Scoreboard, and the Eco-Innovation Index were analyzed. The research implements the analysis of 27 EU countries for the period 2013-2020 by indicators that influence the eco-innovations development. The model of the impact of countries' investment development and economic growth indicators (such as foreign direct investment; GDP per capita), management level and the willingness of the government to invest in eco-innovation (total tax and contribution rate; government effectiveness; control of corruption; rule of law; research and development expenditure), and the level of income inequality (income share held by highest 10%; Gini index) on the consumption of alternative energy sources, energy-efficient technologies, and waste management and recycling implementation was built. The linear and cybernetic models for eco-innovation network management were considered. The pace of eco-innovation is strongly influenced by the effectiveness of state eco-innovation policies, the availability of a comprehensive information base, and the mechanisms of interaction between the science and production sectors. Effective eco-innovation networking implies that between the participants there are different types of relationships, the main of which are economic; legal; administrative; technological; social; and informational. [ABSTRACT FROM AUTHOR]

This paper investigates the implications of fiscal policy for labor income inequality through two causal channels. First, I estimate how fiscal policy reacts to negative income shocks happening at different points on the labor income distribution, to examine whether fiscal policy responds differently when there are changes in income for low-income earners, versus median-income earners or high-income earners. Secondly, I estimate the impact that various fiscal policies have on labor market income at the low, median, and high ends. I consider eight different fiscal policy variables, including four types of government transfer variables shown to be countercyclical, government consumption and government investment, and personal versus corporate tax revenue. Embedding each fiscal policy variable into a Bayesian structural vector autoregression, I estimate both the reaction of each fiscal policy variable to shocks to labor income at three points of the labor income distribution, and the impact of shocks to each fiscal policy variable on labor income along the same three points of the distribution. Impulse response functions show most fiscal policies are more responsive to shocks to the low end of the income distribution. The impulse response functions also show that it is often the median and upper-end of the income distribution that benefit most from fiscal expansions, leading to greater income inequality. The results also reveal that the fiscal policies most effective for boosting income at low income levels also lead to the largest increases in income inequality. Finally, I find that the fiscal policies most effective for stimulating labor income are also the least responsive to labor income shocks. [ABSTRACT FROM AUTHOR]

Energy poverty remains a significant challenge in developing nations, as exemplified by the situation in Indonesia. The connection between energy poverty and insufficient financial resources to fulfill basic energy requirements is significant. Remittances hold the potential to address energy poverty. This study seeks to explore the contribution of remittances to alleviating multidimensional energy poverty among households in Indonesia. Data for this research are sourced from the Indonesian Family Life Survey (IFLS) from 2007 to 2014. This study uses traditional migrant-sending districts as an instrumental variable to address endogeneity concerns arising from the reverse causality between remittances and energy poverty. The findings indicate that remittances from migrant workers can help alleviate multidimensional energy poverty in Indonesia, as demonstrated by the two-stage least-squares (2SLS) methodology. Households receiving assistance use the funds to increase their energy consumption and alleviate energy deprivation by directing resources toward electricity, appliances, and communication services. Additionally, the study highlights that economic disparities play a role in shaping the relationship between remittances and energy poverty. [ABSTRACT FROM AUTHOR]

This paper investigates sustainable household energy transitions including a reduction in kerosene lamp use and increases in solar home systems and solar lanterns. We use a large and detailed survey of around 9,000 households in northern India in 2015 and 2018. Our key analytical insights focus on inequality across economic and wealth distributions, including the lack of major distributional changes between the two survey waves. We find that a positive relationship between economic resources and solar home system use is driven by the upper end of economic distributions. Kerosene use is also substantially lower for the top of the economic distribution, especially in the 2018 survey. In contrast, economic resources have a weak relationship with solar lantern use. Future policies can be devised with reference to our results showing a more robust relationship between assets, rather than income, and household energy transitions. The stronger influence of assets is evident for a range of asset variables and for a composite wealth index which we construct. Detailed analysis of socio-economic distributions has value for informing policy attempts to target support to constrained households. [ABSTRACT FROM AUTHOR]

This study investigates the integration of social justice concepts using an introductory business statistics course at a Jesuit university, with a focus on poverty and income inequality. The study aims to enhance students' awareness, understanding, and empathy for social justice issues while strengthening their statistical knowledge. The pedagogical approach comprises three main elements: Twitter-based assignments centered on poverty statistics, a documentary on poverty in America, and a 5K race mission project. The results reveal a notable increase in poverty awareness, deepened empathy, and the development of moral and spiritual character among students. By combining knowledge, reflection, and action, this approach aligns with the Ignatian pedagogical paradigm and upholds the Jesuit mission of higher education. The study exemplifies fostering change by integrating social justice into higher education, encouraging students' active engagement as agents for positive impact, aligning with the principles for responsible management education set forth by the United Nations. [ABSTRACT FROM AUTHOR]

COVID-19 has adverse impacts on contact-intensive sectors, viz., manufacturing, tourism, and the entertainment sector (ES). In a general equilibrium (GE) model with online, entertainment and informal sectors employing skill, unskilled, and capital, we show that COVID-19 could cause polarization pushing contact-intensive entertainment industry on the brink of collapse while the other two survive. Dual roles of factor intensity and contact intensity (CI) contribute to such finite changes, triggering inter-skill wage inequality. This is the first of its kind to offer a theoretical mechanism capturing the contractionary effects on contact-intensive sectors and wage inequality. These results match with the literature emphasizing the hardships faced by the cultural sector. [ABSTRACT FROM AUTHOR]

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The article discusses the challenges faced by the Labour party in governing with a broad electoral coalition. The 2024 general election saw Labour winning a majority with minimal changes in its overall popular vote by strategically gaining votes where they were most needed and losing votes where they could afford to do so. Age has become a key dividing line in British politics, with younger voters being more likely to back Labour. However, Labour lost support among under-25-year-olds, who turned to the Green party instead. Class has lost its relevance as a marker of voting behavior, with upper-middle-class voters now more likely to vote Labour than working-class voters. Other demographic factors, such as income and ethnicity, have also declined in importance. Labour's support is primarily based on competence rather than ideology, with voters believing that Labour would run the country more competently than the Conservatives. Labour now faces the challenge of balancing the differing expectations and priorities of its diverse coalition. The party needs to decide what it stands for and how to tie together groups of voters with varied interests and priorities. It must also address the perception that there is no difference between the two main political parties. Labour's identity has been challenged by the fact that wealthier voters are now more likely to vote for the party than working-class voters. Despite this, Labour voters across different income levels are in favor of income redistribution and have similar views on the welfare state. However, they differ in their priorities, with financially struggling voters prioritizing easing the cost of living, while [Extracted from the article]

Do natural resource endowments influence the relationship between economic growth and income inequality in Sub-Saharan African (SSA) countries? This is the main question of this article. To this end, we use polynomial non-linear modeling and non-parametric and semi-parametric modeling applied to a panel of 43 SSA countries between 2000 and 2020. The data used come from World Development Indicators (WDI) and the University of Texas Inequality Project. In order to enrich the empirical literature on the subject, four indices measure income inequality in the econometric tests. All other things being equal, the results show that the growth-inequality link is non-linear, with a positive trend that changes convexity with the level of growth. Rents from non-renewable natural resources (oil, gas and other minerals) accentuate the negative effect of growth on inequality, while income from renewable resources (water and forests) has the effect of reducing inequality. Furthermore, these results show that rents from a single product (a single natural resource) have no impact on inequality. On the other hand, income from the export of several natural resources accentuates the effect of growth on inequality. Consequently, SSA countries need to put in place a general policy to reduce inequalities and a strategy to reduce their dependence on the exploitation of natural resources. This can be achieved through the structural transformation of economies and the development of global value chains. [ABSTRACT FROM AUTHOR]

There is a long-standing debate among scholars over the convergence versus divergence of the regional growth rate of per capita income in India. The present study tries to resolve this debate in light of the latest available data by using Beta-convergence analysis in a panel data framework. The results indicate the presence of unconditional divergence and conditional convergence in the case of both inter-state and inter-region analysis, which shows that the unconditional divergence may be due to the presence of omitted variable bias. The results also show that the primary sector is associated with the reduction of interstate and inter-region income inequality, while the growth of the tertiary sector is correlated with increasing interstate and inter-region income inequality. Therefore, the findings of the study imply that the phenomenon of service-led growth in the post-reform period was accompanied by the widening gap in the growth of various states and regions of India. [ABSTRACT FROM AUTHOR]

There are conflicting theories about whether individuals like or dislike inequality, or in other words, whether living in an unequal country increases or decreases their subjective well-being. Empirical literature has so far focused on income inequality and has not yet reached a consensus. In the present paper, we focus on wealth inequality, an aspect that has so far been overlooked in the happiness literature. The aim of the present paper is to systematically investigate the wealth inequality–happiness relationship and compare the results to the income inequality–happiness association. Furthermore, we focus on different parts of income or wealth distribution, rather than using a single inequality measure. We use data from the integrated World Values Surveys and European Values Surveys for over 50 countries, matched with the World Inequality Database data over the years 1981–2020. Following our analyses, we find some evidence supporting the "tunnel effect" theory: individuals are happier with increases in the top 10% and top 1% shares of wealth and less happy with increases in the middle 40% share of wealth, especially in low- and middle-income countries. In high-income countries, increasing the bottom 50% share of wealth increases individuals' life satisfaction, suggesting that they favor redistribution. [ABSTRACT FROM AUTHOR]

More than 50 years have passed since the Equal Pay Act of 1964, and women are still paid less than men. United States universities claim to be pioneers of social progress and so it is of interest to know whether the gender wage gap exists there. This study sheds light on the academic gender wage gap by comparing the salaries of male and female assistant professors within three years of being hired at selected U.S. public universities. The group of assistant professors are likely to satisfy our exchangeability assumption because early career faculty tend to come with similar experience. Finally, we focus on public university faculty because their salaries are publicly available. The data studied was collected from salary reports from public university systems in 2018 and 2019 under the Freedom of Information Act. Due to the novel way of assigning gender using genderize.io, traditional statistical methods for comparing two populations are not appropriate. For this reason, this study uses permutation-based non parametric tests that are valid for the data. Our study examines the presence of the gender wage gap in U.S. public universities and finds that significantly more women receive lower salaries than men. For example, the proportion of women making less than $10,000 a month is 12% higher than the proportion of men making the same amount. The study concludes that gender disparities within academic disciplines are a considerable factor contributing to the wage gap. [ABSTRACT FROM AUTHOR]

This study revisits the innovation-inequality nexus and tests the technological Kuznets curve hypothesis suggesting that technology can induce or reduce inequalities depending on the level of technological development. Applying a recently developed dynamic panel model with endogeneity and threshold effects to a panel of 72 countries, I find a significant U-shaped curvilinear relationship between innovation and income inequality which is robust to different measures of innovations and a different estimation technique. Furthermore, it was shown that achieving a certain level of technological development can change how economic growth and financial development affect income inequality. [ABSTRACT FROM AUTHOR]

This paper investigates the evolution of income and wage inequality in Portugal from the 1974 democratic revolution up to 2020, drawing on a series of administrative records, survey data and aggregate statistics. Over this period, Portugal consistently ranked among the most unequal nations in the developed world. The transition from a deeply unequal dictatorial regime, in the wake of the 1974 revolution, brought about substantial redistribution. However, since the 1980s, income and wage inequality followed an arc‐shaped trajectory. There was a sharp rise in inequality from the early 1980s to the mid‐1990s, which, in just eight years, outpaced the infamous US growth in wage inequality of the last five decades. Then, there was stability at high levels until the mid‐2000s. Finally, there was a sharp decline in inequality until 2020, which halved both the gender wage gap and the college wage premium. Changes related to the supply and demand for education/skills emerged as key drivers of inequality dynamics. Institutional and political forces were especially relevant in reducing inequality during the transition to democracy and, more recently, with the rising importance of the minimum wage and collective bargaining. [ABSTRACT FROM AUTHOR]

We document the evolution of working‐age individual pre‐tax and disposable income inequality in France since the late 1960s using household surveys. Disposable income inequality declined over the 1960s and 1970s and remained stable thereafter. This trend can be explained, in part, by changes in the tax and benefit system, notably through changes in employer contributions, and the evolution of the national minimum wage. Other dimensions than income bring a less positive perspective: low‐income individuals are now more likely to be immigrants, have low education, and live in households with no working adults. [ABSTRACT FROM AUTHOR]

This study analyses the development of inequality in Germany from 1983 to 2020, focusing on labour market trends and income inequality. Using data from the German Socio‐Economic Panel, we show that one of the most important trends in the German labour market in recent decades has been the increasing participation of women in the labour market. In addition, we confirm previous findings that inequality in earnings and household disposable income increased from the 1990s to 2005. Since then, inequality has not increased further despite changes in the composition of the labour force that tend to increase inequality, such as increased assortative matching and high net migration rates. [ABSTRACT FROM AUTHOR]

This paper offers a descriptive overview of the evolution of individual earnings and household income inequality in Spain over the last two decades. During this period, there has been a noteworthy increase in the level of education of the working‐age population (aged 25–60) along with a rise in female labour force participation. Substantial changes have also occurred in household size and composition, with reductions in marriage and cohabitation, in particular among lower‐educated groups. These changes have a direct impact on the distribution of individual earnings and household income and, therefore, the evolution of inequality. Fluctuations in inequality, however, primarily moved with the business cycle. After a period of decreasing inequality during the mid‐1990s expansion, the 2008 global financial crisis led to sharp rises in both earnings and income inequality that peaked around 2014. After that, both unemployment and inequality decreased, except for the transitory surge during the COVID‐19 pandemic. By 2022, inequality indicators have almost returned to pre‐2008 levels. [ABSTRACT FROM AUTHOR]

We study how changes in labour market outcomes and household composition translate into changes in household incomes in the Netherlands over the period 1977–2022. During this period, the Netherlands witnessed a vast increase in female employment and earnings. This was also the key driver of household income growth. Male employment hardly changed, and male earnings growth was limited, and hence contributed little to household income growth. The increase in employment and earnings was the most pronounced for lower‐educated women and women with relatively low earnings. The resulting drop in earnings inequality among women also put a drag on the rise in household income inequality, together with an increase in social benefits and a reduction in taxes for the bottom of the household income distribution. However, overall there was still a small increase in disposable household income inequality because inequality in male earnings increased, with earnings falling in real terms for men with low earnings and rising somewhat for men with high earnings. Furthermore, the proportion of singles increased, in particular among low‐earning men and women, and assortative matching on earnings in couples increased. We further show that despite still having relatively low household income inequality overall, a large gap remains between immigrants and natives. [ABSTRACT FROM AUTHOR]

This paper presents stylised facts on the labour supply and income inequality of individuals aged 25–55, drawn from the 1989–2020 Bank of Italy Survey of Household Income and Wealth. Over the sample period, earnings inequality has increased considerably although the gap is smaller when considered in terms of household disposable income. We investigate the possible drivers of this increase using administrative data on employees. The evidence suggests that labour market reforms implemented since the start of the 1990s are the most plausible explanation for this growth in earnings inequality. Comparison between earnings and disposable income suggests that both government and households are important for reducing inequalities. [ABSTRACT FROM AUTHOR]

In this paper, we discuss the evolution of inequality in Greece from 2004 to 2021 in light of the Greek debt crisis that led to a sharp drop in gross domestic product per capita between 2008 and 2013. While aggregate measures of income inequality, such as the Gini coefficient, suggest a marginal improvement, domestic perceptions of social fairness remain bleak. To delve deeper into this paradox, we explore additional aggregate and distributional aspects of Greece's social landscape during this period. Our analysis reveals several contributing factors: a compression of earnings, benefits and pensions; a sharp increase in social exclusion; and high inequality in access to basic public services and housing. These factors go beyond what headline inequality indices indicate, illustrating how the sovereign debt crisis and subsequent austerity measures have affected individuals differently based on their socio‐economic background, while also reducing overall welfare across the Greek population. Moreover, chronic institutional inefficiencies and widening disparities in access to services and housing significantly influence perceptions of inequality and contribute negatively to the country's social cohesion. [ABSTRACT FROM AUTHOR]

Belgium exhibits a rather constant level of income inequality during the last decades, contrary to Germany, the United States and some Nordic countries, which have all faced substantial increases in inequality. We use the available income surveys from 1985 to 2020 to describe the evolution of income inequality by means of the Gini index. Earnings inequality has slightly decreased in the last two decades, at least if one takes into account the impact of the substantial increase in employment of, especially, older people and women. Though the education gap in earnings is widening, the rapid increase in (mostly female) education may have a dampening effect on earnings inequality. The income surveys largely underestimate financial capital incomes. Moreover, by definition, these do not cover undistributed profits of the corporate sector. When correcting for this, it turns out that pre‐tax factor income inequality increased substantially between 2009 and 2016. The redistributive role of the welfare state through taxes has increased, while redistribution through the social security system exhibited a more irregular course. While there has been an increase in assortative matching in the last two decades, its impact on the evolution of income inequality is unclear. [ABSTRACT FROM AUTHOR]

Across Europe, there is a trend to re-focus social housing on the most economically vulnerable groups ("residualisation"). We investigate whether this trend is also observed in Austria, a conservative welfare state with a social housing system open to a broad range of households and a long tradition of municipal housing. Using data from 1995 to 2018, we estimate residualisation indicators that compare the income of social housing tenants with other housing sectors. Based on tenants' income, we find that municipal housing has become more residualised. This contrasts with Austria's social housing allocation policy, where generous income limits remain important cornerstones. For limited-profit housing associations (LPHAs), we observe a smaller residualisation trend (mainly outside the capital Vienna), which has gained momentum since the early 2010s. This remedies the Austrian peculiarity that the LPHA sector was a middle-income tenure rather than a safety net for the poor. For both types of social housing, a growing income gap with owners is noticeable. [ABSTRACT FROM AUTHOR]

The Comprehensive Commercial Logging Ban Policy in all natural forests (CCLBP) as the strictest forest conservation measure brings uncertainty to the income of farmers engaged in forest land management. Therefore, clarifying the impact and heterogeneity of the CCLBP on farmers' income has become a significant issue of current concern. Based on county-level panel data from China covering the period 2000–2020, this study uses Regression Discontinuity Design (RDD) to identify the impact of the CCLBP on farmers' income. The empirical results show that (1) the CCLBP has a significantly positive effect on farmers' income, with the policy leading to an increase in farmers' income of approximately RMB 411–582; (2) the impact of the CCLBP on farmers' income exhibits regional heterogeneity, with significant positive effects observed in Hebei, Shandong, Hubei, and Shaanxi, significant negative effects observed in Guangxi, and insignificant effects observed in other provinces; and (3) the CCLBP not only promotes the development of non-agricultural industries and labor mobility but also effectively reduces capital outflow, thereby increasing farmers' income. This study contributes to the understanding of the underlying mechanisms between the CCLBP and farmers' income, and it has significant practical implications for promoting the increase in farmers' income, narrowing the income gap among farmers, and achieving common prosperity. It can also provide valuable insights and guidance for global forest protection. [ABSTRACT FROM AUTHOR]

Through establishing a spatial equilibrium model including regional productivity differences, fiscal policy, and labour migration costs, this article discusses the effects and interaction of place-based policies and space-neutral policies. This article finds that there are differences in the impacts and mechanisms of the two types of policies on the spatial distribution of industry and labour force, regional income gap, and overall economic productivity and shows the application situation of the two types of policies and the interactions between them. Therefore, policymakers should choose a differentiated policy portfolio to narrow the regional income gap and improve the overall economic productivity. [ABSTRACT FROM AUTHOR]

A key parameter in the analysis of wage inequality is the elasticity of substitution between skilled and unskilled labor. We show that the empirical literature is consistent with both publication and attenuation bias in the estimated inverse elasticities. Publication bias, which exaggerates the mean reported inverse elasticity, dominates and results in corrected inverse elasticities closer to zero than the typically published estimates. The implied mean elasticity is 4, with a lower bound of 2. Elasticities are smaller for developing countries. To derive these results, we use nonlinear tests for publication bias and model averaging techniques that account for model uncertainty. [ABSTRACT FROM AUTHOR]

We investigate the impact of vulnerability and the law of justice indicators on the decision to adopt International Financial Reporting Standards (IFRS) by 133 countries. Applying robust Logit and Probit models to 2021 cross-sectional data, we find that the absence of corruption, state illegitimacy, a well-functioning civil justice system, and insufficient public services are helpful for IFRS adoption. On the other hand, results show that a country's uneven economic development and human rights violations are detrimental to IFRS adoption. Our research confirms that requiring higher standards for financial and accounting reporting in the media, allocating sufficient budget amounts to support an equitable civil justice system, and coordinating efforts to reduce or eliminate economic inequality may help IFRS adoption. We argue that highlighting the positive benefits of IFRS adoption and the commensurate constructive policy outcomes may add the emphasis needed to convince governmental leaders to move toward IFRS adoption. [ABSTRACT FROM AUTHOR]

Many corporations publicly announced plans to share windfalls from the Tax Cuts and Jobs Act (TCJA) with rank-and-file employees. We examine the association between these bonus announcements and workers' pay satisfaction. Although employees are better off upon receiving the bonuses, prior literature suggests employees can be dissatisfied with awards they perceive as small or inequitable. By linking the bonuses to a corporate tax windfall, firms provided a reference point for employees to assess fairness. Using a difference-in-differences design, we find a greater decline in pay satisfaction at firms announcing a TCJA bonus relative to firms that do not. We also provide evidence of greater dissatisfaction among employees who perceive their share of the windfall as unfairly small. Considering increasing income disparity in the U.S. and a heightened focus on corporate taxes, we provide new and timely insights into how workers respond to changes in compensation linked to corporate tax savings. [ABSTRACT FROM AUTHOR]

IMPACT: This article presents novel analyses of the income sources of National Health Service (NHS) acute trusts in England. The results suggest that there are variations according to deprivation in the extent of private financial resources available to NHS institutions. They suggest a need to open up discussions about how best to mitigate spatial differences in the charitable and private patient income of NHS trusts, particularly if these sources of income grow in importance going forward. The article provides—for the first time—an analysis of spatial variation in the income sources of National Health Service (NHS) acute trusts in England. It shows that, compared to trusts serving less deprived communities, trusts serving more deprived communities receive a lower proportion of income from charitable sources; and that trusts serving deprived communities also receive a lower proportion of income from private patients. The study serves to provide evidence of spatial inequality in the private resources that support local public institutions. [ABSTRACT FROM AUTHOR]

This paper addresses the problem of how Spanish digital media reported income inequality during the first year of the COVID-19 pandemic. In this way, the goal was to study the framing of definition, contextual aspects, and depth. For this article, a tool was designed to analyse the content of the items. An analysis of news published by six digital media in Spain from March 2020 to February 2021 was conducted using content analysis. Within a sample of 2727 media stories in which there was a connection between the coronavirus and inequality, a stratified sample was used (n = 958) according to the content production by quarter and by media. The results of this study show that income inequality was the most common type of inequality reported in the media, and they cantered more on the micro level. Also, it appeared to be linked to the social gap and showed poverty as the main consequence. The frame was focused on social issues, international and national contexts, and expert sources. Finally, different levels of depth can be observed in the news items analysed, depending on the frame. [ABSTRACT FROM AUTHOR]

The concept of segregation analyses the unequal distribution of social groups between neighbourhoods. It rests on two assumptions: that of homogeneous neighbourhoods and of a market liberal housing system. Both assumptions are applicable the context of American cities, but they display severe limitations when applied to the European context. Vienna's housing market is particularly highly segmented, not only throughout the city as a whole but also within neighbourhoods. In the densely built-up area, residential buildings of different segments with different underlying rent regulations and entry barriers can be found side by side. Therefore, buildings are expected to show varying tenant and owner structures, which undermines the idea of a homogeneous neighbourhood. Against this background, we analyse at the micro scale small neighbourhoods defined by 100 m grid cells in a case study of two inner-city Viennese districts (districts 6 and 7) characterised by a particularly vivid housing-transformation and commodification dynamic. Using a novel and fine-grained dataset combining building information with the socio-economic data of households, we investigate the patterns and dynamics of income inequality and income segregation, as well as the relationship between housing market segments and socio-economic patterns. As data comprise two cross-sections for the years 2011 and 2020/21, changes in the neighbourhoods during the house-price boom period are also considered. This leads us to ask the question: How do housing market segmentation and its related changes affect income inequality and segregation at the micro scale? Our analysis delivers two main results: Firstly, we show the existence of marked social variation and related dynamics at the micro scale, even within a small urban area. Secondly, we show that the spatial distribution of housing market segments has a strong impact on income inequality in the neighbourhood. [ABSTRACT FROM AUTHOR]

We construct a comprehensive database of educational quality by cohort for 92 countries from 1970 to 2015 and analyze its impact on disparities in income and growth worldwide. To estimate educational quality, we utilize secondary students' scores on international mathematics and science tests. Additionally, we impute unobserved test scores for individual countries in non-participating survey years. Wage regressions using individual earnings data reveal considerable returns to educational quality. We estimate human capital stock by incorporating differences in educational quantity and quality by age group across countries and over time. Our newly-constructed human capital dataset enabled us to explore the role of educational quality and human capital in understanding cross-country income disparities. The findings from development and growth accounting exercises indicated a discernible contribution of educational quality to per capita income and its growth rate. [ABSTRACT FROM AUTHOR]

Neoliberalism is a political economic philosophy consisting of two claims, one economic and the other political. The economic claim is laissez-faire is the best way to organize economic activity as it generates efficient outcomes that maximize well-being. The political claim is free markets promote individual liberty. This article argues both claims are problematic. The evidence from the Neoliberal era shows Neoliberalism has undercut shared prosperity and unleashed illiberal forces that threaten liberty. The article distinguishes between the first political turn which established Neoliberal political hegemony, and the second political turn toward proto-fascism now underway. The second turn is being driven by a collection of factors which have created a demand for proto-fascism and weakened the defenses against alt-right ideas. Those factors include socio-economic disembedding, institutional destruction and political disembedding, increased economic inequality that tilts political power, transformation of attitudes to government and governance, transformation of economic identity, and behavioral transformation that celebrates sociopathic egotism. The Third Way's capture of center-left politics means liberal elites occupy the political place that should be held by true opponents of Neoliberalism. Those elites obstruct the politics needed to reverse the deep causes of the drift to proto-fascism. Ironically, that makes them a real danger. [ABSTRACT FROM AUTHOR]

This paper investigates the impact of macroprudential policies, capital controls, and their joint effect on income inequality. Using a panel dataset covering 60 countries from 2000 to 2019, we find that macroprudential policies and capital controls can mitigate income inequality, which are robust to various subsets of policy indexes. However, the effectiveness of macroprudential policies on income inequality depends on the tightness of capital controls. We verify that macroprudential policies affect income inequality through private sector leverage, and both capital controls and macroprudential policies have significant influences on gross capital flows and net capital flows to affect income inequality. [ABSTRACT FROM AUTHOR]

This study explores how income inequality among individuals in each country and trade costs depicting geographic distance between countries impact economic welfare and regime choice under representative democracy, comparing three trading regimes: most favored nation, customs union, and free trade agreement. We examine two cases: one in which trade costs are incurred symmetrically among all countries, and the other in which no trade costs are incurred among the potential member countries, but only between them and nonmembers. In each case, we identify the political feasibility of each regime as well as the impact on the average welfare levels. [ABSTRACT FROM AUTHOR]

The literature suggests that international trade may have different results over income inequality according to a country's trade and economic structure. The main goal of this article is to analyze the impact of international trade on income inequality in Latin American countries between 1997 and 2020. Our results suggest that international trade variables, such as trade openness and economic complexity, are highly significant and have impacted the income distribution. The results show that following the process of trade openness, the "simplification" of the economy led to a reduction in income inequality in the region. [ABSTRACT FROM AUTHOR]

In this research, we argue that conscientiousness can be a key factor in accounting for the racial pay gap among Black and White workers. Drawing from shifting standard and status characteristics theories and the literature on occupations, we propose that conscientiousness yields differential rewards for Blacks and Whites because of the incongruence between stereotypes about Black workers and conscientiousness. We further suggest the occupational value of status as an occupational‐level boundary condition that affects the relationships between conscientiousness, race, and pay. We first tested our model with a large national panel dataset, the National Longitudinal Survey of Youth 97 (NLSY97), and occupational characteristics scores in the Occupational Information Network (O*NET), finding that the positive effects of conscientiousness on pay were greater for Whites compared to Blacks and that such pay inequality is more pronounced in occupations with high‐status values than in those with low‐status values. A follow‐up experimental study that recruited 202 managers working in the U.S. produced similar results, suggesting that our findings were not attributable to the levels of job performance. Thus, our research demonstrates the role of conscientiousness in generating pay differentials based on race and sheds light on the importance of considering a discrete occupational context that contributes to organizational inequality. [ABSTRACT FROM AUTHOR]

The global agricultural sector faces a significant number of challenges for a sustainable future, and one of the tools proposed to address these challenges is the use of automation in agriculture. In particular, robotic systems for agricultural tasks are being designed, tested, and increasingly commercialised in many countries. Much touted as an environmentally beneficial technology with the ability to improve data management and reduce the use of chemical inputs while improving yields and addressing labour shortages, agricultural robotics also presents a number of potential ethical challenges – including rural unemployment, the amplification of economic and digital inequalities, and entrenching unsustainable farming practices. As such, development is not uncontroversial, and there have been calls for a responsible approach to their innovation that integrates more substantive inclusion into development processes. This study investigates current approaches to participation and inclusion amongst United Kingdom (UK) agricultural robotics developers. Through semi-structured interviews with key members of the UK agricultural robotics sector, we analyse the stakeholder engagement currently integrated into development processes. We explore who is included, how inclusion is done, and what the inclusion is done for. We reflect on how these findings align with the current literature on stakeholder inclusion in agricultural technology development, and suggest what they could mean for the development of more substantive responsible innovation in agricultural robotics. [ABSTRACT FROM AUTHOR]

Research examining the immigration and crime connection has proliferated, stimulating a vigorous debate among academics and politicians alike. Researchers are examining this relationship at both individual and aggregate levels. However, studies continue to provide often contradictory results. Using Eurostat data over 2017–2020 on crime rates, GDP per capita, income inequality, unemployment rates, and immigration in 38 European countries, this study examines the link between crime and immigration in the context of socioeconomic variables. The main goal is to identify and analyze possible relationships between immigration, unemployment, and crime in Europe. The statistical evidence appears in general to support the hypothesis that the level of crime in Europe during the time period under study can be explained by the level of immigration in the context of country-wide sociodemographic factors. Results show that the homicide rate is significantly associated negatively with immigration (r = − 0.15), GDP per capita (r = − 0.41), and positively associated with both unemployment (r=0.22) and income inequality (r=0.34). Sexual violence rate is significantly and positively associated with immigation (r=0.20) and GDP per capita (r=0.71), and negatively associated with unemployment (r=-0.36) and income inequality (r=-0.41). Finally theft has the same associations and directions as that of sexual violence for all variables, except GDP per capita. The results are discussed in the context of some criminological theories of strain and relative deprivation to suggest policy implications. [ABSTRACT FROM AUTHOR]