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News & Information

News & Information

July 23, 2014 USA: the wealth gap widens

Source: Public Finance International

The gulf between rich and poor is widening in the USA, with inherited wealth concentrated in ever fewer hands. Tax measures are needed to help redress the balance. In a new Pew opinion poll, more than three quarters of...

July 15, 2014 Top 1 Percent Is Even Richer Than Surveys Say, ECB Paper Finds

Source: Bloomberg

The oft-cited line that the top 1 percent of U.S. households lay claim to 30 percent of all wealth is probably an understatement, according to a European Central Bank working paper. Incorporating “missed” data on rich households...

July 2, 2014 Wealth gap solutions put Californians at odds

Source: SF Gate

California residents don't need to be convinced there's a worrisome income gap between the rich and poor that's getting wider, but there's plenty of argument about whether the government should get involved in trying to close the...

June 27, 2014 Wealth inequality doubles among US households: Study

Source: Press TV

Wealth inequality among US households roughly doubled between 2003 and 2013, according to a new analysis by University of Michigan researchers

June 26, 2014 IKEA Is Going to Raise Minimum Wages in All its U.S. Stores

Source: Time

IKEA, the world’s largest furniture retailer, plans to raise the minimum wage in all of its U.S. stores by using MIT’s Living Wage Calculator, which estimates the base pay needed to survive in a particular city – a move that...

June 25, 2014 What wealth gap? Denmark using welfare programs to narrow income disparity

Source: Penn Live

This is what it's like to live in Denmark, a nation with a narrower wealth gap than almost anywhere else: You've been jobless for more than a year. You have no university degree, no advanced skills. You have to pay a mortgage....

June 17, 2014 Canadian Income Inequality Likely Much Worse Than Advertised: Study

Source: Huff Post

Canada’s income inequality may be much worse than statistics suggest, because Canada’s biggest earners are hiding their actual incomes by incorporating themselves, says a new study. Recent measures of income inequality have shown...

June 16, 2014 Income Gap Widens as American Factories Shut Down

Source: Money News

The downfall of manufacturing in the U.S. has done more than displace workers and leave communities searching for ways to rebuild devastated economies. In Reading, Pa., and other American factory towns, manufacturing's decline is...

June 13, 2014 States respond to wealth gap

Source: USA Today

The two U.S. counties with the worst income inequality couldn't be more different. No. 1 is Manhattan. The second is a rural Native American reservation in North Dakota. The two illustrate how widely inequality is spread around...

June 9, 2014 The rich have advantages that money cannot buy

Source: FT.com

With the popularity of Thomas Piketty’s book, Capital in the 21st Century, inequality has become central to the public debate over economic policy. Piketty, and much of this discussion, focuses on the sharp increases in the share...

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