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Income inequality is on the rise, and everyone, from President Obama and Pope Francis to Prince Charles and Standard & Poor's, is talking about it. But these conversations about what are arguably the most significant changes in the distribution of incomes and earnings since the 1940s are leading...
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There is an increasing literature that discusses how to measure the middle class. Some approaches are based on an arbitrary definition such as income quartiles or the poverty line. Recently, Foster and Wolfson developed a methodology which lacks of arbitrariness that enables us to compare the...
Persistent link: https://www.econbiz.de/10013099662
Tension is growing between the interests of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by not threatening de-globalisation, avoiding protectionism,...
Persistent link: https://www.econbiz.de/10011758320
Tension is growing between the interests of part of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by avoiding protectionism and de-globalisation, fostering...
Persistent link: https://www.econbiz.de/10011843058
constructing a novel database covering approximately the 80% of the global output and the 60% of the world population, two major … findings stand out. First, the world underwent a spectacular process of capitalization. The share of world individuals with … composition of capital and labor income is, therefore, more equal today than it was twenty years ago, and the world is moving …
Persistent link: https://www.econbiz.de/10012591267
The Philippines has set an ambitious goal of becoming a predominantly middle-class society free of poverty by 2040. However, this aspiration comes at a time of significant global headwinds that pose risks to the country's development trajectory. Growing the middle class is more closely related...
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