Inequality & Distribution
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With Official Unemployment This Low, Why Are Wages Rising So Slowly?
Feb 26, 2018
By pushing workers into precarious, part-time work, “Third Way” governments of the past 20 years helped to create the disturbing economic trend that’s vexing orthodox economists
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INET Research in a Stressful Year
Feb 23, 2018
In the face of laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.
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How Music Helped James Baldwin Make Sense of Inequality
Feb 21, 2018
Ed Pavlić discusses the role of music in communicating suffering and resistance in the African-American experience
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Don't Want a Robot to Replace You? Study Tolstoy.
Feb 20, 2018
Economist Morton Schapiro, president of Northwestern University, and his colleague, literary critic and Slavic studies scholar Saul Morson, argue that—contrary to popular belief—studying the humanities is the key to not getting outsourced.
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When Demand Shapes Supply
Feb 11, 2018
Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP
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Working Paper Series
Persistent Effects of Autonomous Demand Expansions
Feb 2018
The prevailing wisdom that aggregate demand ‘shocks’ determine short-run cyclical fluctuations around a supply-determined equilibrium growth rate and an associated equilibrium unemployment rate (or NAIRU) has been called into question by various streams of literature in the last decades. Specifically, a recently revived literature on hysteresis finds significant persistence in the effects of recessions and negative aggregate demand shocks (Blanchard et al. 2015; Martin et al. 2015).
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Washington Post: Don’t Let Pay Increases Coming Out of Tax Reform Fool You
Feb 6, 2018
In their op-ed in the Washington Post, INET grantee William Lazonick and Rick Wartzman show how companies are spending their tax savings on investors, not workers.
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Why Cities Are Key to Escaping Poverty
Jan 31, 2018
There’s no turning back from humanity’s move to high-density living, says Ed Glaeser. The task of the century will be making cities more liveable.
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Why Big Firms No Longer Pay (Much) More
Jan 28, 2018
The corporate titans of yore once offered a sizable wage premium over smaller employers—but not anymore. What happened?
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Working Paper Series
Inequality in the 21st century
Jan 2018
A critical analysis of Piketty’s work
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How Black Businesses Helped Save the Civil Rights Movement
Jan 15, 2018
Behind towering figures like Rosa Parks and Martin Luther King, Jr. were the taxi dispatchers, pharmacists, grocers, and other small business owners who were instrumental in making civil rights a reality.
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Working Paper Series
Lending a Hand: How Small Black Businesses Supported the Civil Rights Movement
Jan 2018
A large literature has detailed the seminal roles played in the Civil Rights Movement by activists, new political organizations, churches, and philanthropies. But black-owned businesses also provided a behind-the-scenes foundation for the movement’s success.
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How to Rewrite the Rules of Globalization
Jan 10, 2018
How did globalization create such discontent in developed and developing countries alike? Nobel laureate and INET grantee Joseph Stiglitz explains in this 150th episode of our “New Economic Thinking” video series.
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Why Stopping Tax “Reform” Won’t Stop Inequality
Dec 15, 2017
Inequality isn’t driven by taxes—it’s driven by the power of capital in relation to workers
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Conference paper
Inequality and Aggregate Demand
Dec 2017
We explore the transmission mechanism of income inequality to output.