World Inequality Report 2018
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Inequality has taken center stage in public debate as the wealthiest people in most parts of the world have seen their share of the economy soar relative to that of others, many of whom, especially in the West, have experienced stagnation. The resulting political and social pressures have posed harsh new challenges for governments and created a pressing demand for reliable data. The World Inequality Lab at the Paris School of Economics and the University of California, Berkeley, has answered this call by coordinating research into the latest trends in the accumulation and distribution of income and wealth on every continent. This inaugural report analyzes the Lab’s findings, which include data from major countries where information has traditionally been difficult to acquire, such as China, India, and Brazil. Among nations, inequality has been decreasing as traditionally poor countries’ economies have caught up with the West. The report shows, however, that inequality has been steadily deepening within almost every nation, though national trajectories vary, suggesting the importance of institutional and policy frameworks in shaping inequality.
World Inequality Report 2018 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.
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Facundo Alvaredo is Codirector of the World Wealth and Income Database (WID.world) and of the World Inequality Lab.
Lucas Chancel is Affiliate Professor at Sciences Po and Codirector of the World Inequality Lab at the Paris School of Economics.
Thomas Piketty is Professor of Economics and Economic History at the School for Advanced Studies in the Social Sciences and the Paris School of Economics. His books include A Brief History of Equality, Capital and Ideology, and the bestselling Capital in the Twenty-First Century.
Emmanuel Saez is Professor of Economics at the University of California, Berkeley, and Director of the Center for Equitable Growth.
Gabriel Zucman is Professor of Economics at the University of California, Berkeley, and Director of the EU Tax Observatory.
