Wednesday, May 4, 2011
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.)