Paul L. Caron

Wednesday, May 4, 2011

Increasing Income Inequality Around the World

The Economist, Income inequality: Rich and Poor, Growing Apart:

Think income inequality growth is primarily an American phenomenon?  Think again:


American society is more unequal than those in most other OECD countries, and growth in inequality there has been relatively large. But with very few exceptions, the rich have done better over the past 30 years, even in highly egalitarian places like Scandinavia.

(Hat Tip: Greg Mankiw.)

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I wonder how these stats treat the high incomes of tax expats, a phenomenon that is much bigger in Europe than in the US (since our tax code -- essentially -- claims your life and income always and everywhere). On whose national income ledger are the the incomes of the uber rich Swedes, Finns, Brits, etc. accounted for?

Posted by: MG | May 4, 2011 2:33:12 PM