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Research on economic inequality, volume 22 begins with papers of widespread interest on the impact of the Great Recession. The first paper addresses the impact of asset meltdown on the wealth of the US middle class, with disparate racial and ethnic impacts. The second studies poverty and inequality in the US in the aftermath of the Great Recession.The next topic is on the evolution of poverty and inequality in the world. One paper proposes a new methodology to measure global poverty and inequality, while the second analyzes the importance of considering not only the desperately poor but also those just above the subsistence level. Great interest for inequality researchers lies on the use of wealth data. Two approaches to this issue are presented. Firstly, several papers study wealth inequality directly. Secondly, a paper uses annuitized wealth data to augment the income measure of economic well-being. An emerging field in the study of economic well-being is the use of self-reported status and perceptions data. Three papers employ this type of data, investigating happiness inequality, perception of income inequality, and the existence of a Great Gatsby Curvé for job mobility.

Income distribution --- Poverty --- Equality --- Well-being --- Economic aspects --- E-books --- Egalitarianism --- Inequality --- Social equality --- Social inequality --- Political science --- Sociology --- Democracy --- Liberty --- Welfare (Personal well-being) --- Wellbeing --- Quality of life --- Happiness --- Health --- Wealth --- Business & Economics --- Financial crises & disasters. --- Economics. --- Economics, finance, business & management. --- Income distribution. --- Economic Conditions. --- Distribution of income --- Income inequality --- Inequality of income --- Distribution (Economic theory) --- Disposable income

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Research on Economic Inequality is a well-established publication of quality research. This 28th volume features insightful and original papers from the 8th Society for the Study of Economic Inequality (ECINEQ) meeting. The first paper of this volume illustrates the trajectory of income inequality in wealthy countries over the course of recent decades, while the second carries out a comprehensive assessment of income redistribution through taxes and transfers across OECD countries over the last two decades. The next two papers cover the topic of income mobility, one interpreting the Bartholomew index of mobility in terms of a directional mobility index, and the second providing a framework for the measurement of income mobility over a range of time periods. A fifth paper studies the potential equalization of rising educational attainment. The next paper investigates the effect the number of children within different age groups has on poverty. In the seventh, it is shown that a social planner who seeks to efficiently reduce the aggregate relative deprivation of the population, coincides with the Rawlsian social planner. Finally, the last paper generalizes the Oaxaca-Blinder approach to measure wage discrimination under imperfect information.

Income distribution.

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This paper argues that inequality can be both good and bad for growth, depending on what inequality and whose growth. Unequal societies may be holding back one segment of the population while helping another. Similarly, high levels of income inequality may be due to a variety of different factors; some of these may be good while others may be bad for growth. The paper tests this hypothesis by "unpacking" both inequality and growth. Total inequality is decomposed into inequality of opportunity, due to observed factors that are beyond the individual's control, and residual inequality. Growth is measured at different steps of the income ladder to verify whether low, middle, and top income households fare differently in societies with high (low) levels of inequality. In an application to the United States covering 1960 to 2010, the paper finds that inequality of opportunity is particularly bad for growth of the poor. When inequality of opportunity is controlled for, the importance of total income inequality is dramatically reduced. These results are robust to different measures of inequality of opportunity and econometric methods.

Growth --- Inequality --- Inequality Of Opportunity --- United States