a column by Paul Hufe, Ravi Kanbur and Andreas Peichl for VOX: CEPR’s Policy Portal
Rising income and wealth inequality have come into sharp focus since the Global Crisis.
Using US and European data, this column explores the factors contributing to unfair inequality, focusing on equality of opportunity and freedom from poverty.
The results show that unfair inequality is greater in the US than anywhere in Europe, and that it has been increasing over time. The findings also show that relying solely on measures of equality of opportunity will severely underestimate unfair inequality.
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