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2018 Inequality and...? Lecture Series

Inequality and Happiness

Andrew Clark, Paris School of Economics, CNRS

12 December 2018

There can be few more readily-accepted statements than “Income inequality is bad for well-being”. We here first consider how well-being is measured, and then ask how it is related to the distribution of income. What may have appeared obvious is in fact not so. When individuals compare their incomes to each other, inequality changes not only absolute income but also income relative to others. In addition, our normative judgements of the “right” level of inequality vary widely according to the method applied to measure them, the part of the income distribution in which income changes, and whether income changes are fair. Reflecting the above concerns, empirical work on income inequality and happiness has produced a remarkable variety of contradictory findings.

 

 

     

                                            

 

...in a nutshell                             

Full lecture                                                                                                               

Full slides presentation 

                                               

 
Inequality and Happiness (Introduction)
 
Inequality and Happiness (Presentation)

 

 

Inequality and Migration

Michel Beine, University of Luxembourg

15 November 2018

International migration is on the rise. In a period of less than 50 years, the stock of migrants has been multiplied by more than 3. This general phenomenon of massive movements of people nevertheless conceals quite an heterogeneous picture in terms of sending and receiving countries. In this lecture, starting from the idea that every move starts with plans, we provide new explanation of that heterogeneity using data from the Gallup World Survey. We argue that these data contain useful information to predict future migration flows. We show that the data can shed some light on the way individuals perceive their own but also the foreign country.

 

 

     

                                            

 

...in a nutshell                             

Full lecture                                                                                                               

Full slide presentation 

                                               

 
Inequality and Migration (Introduction)
 
Inequality and Migration (Presentation)

 

 

Inequality and Corruption

Nastassia Leszczynska, European Center for Advanced Research in Economics and Statistics (ECARES)

3 October 2018

Corruption is closely associated with unfair consequences. Most studies find a positive correlation between corruption and inequality. Not only petty corruption does cause huge losses, it also widens the gap between rich and poor members of the society. However, a few empirical findings explore the possibility of a negative relationship between corruption and inequality, and view it as a pro-poor redistribution mechanism. This lecture will review empirical and experimental findings, and explore how preferences for fairness can be used to influence corrupt behavior.

 

 

     

                                            

 

...in a nutshell                                    

 Full lecture                                                                   

Full slide presentation

                                               

 
Inequality and Corruption (Introduction)
 
Inequality and Corruption (Presentation)

 

 

Inequality and Social Relations

Jean-Paul Chavas, University of Wisconsin-Madison

12 September 2018

The last few decades have seen a rise in income inequality. This rise has generated concerns about inequality and its policy implications. Economic inequalities can be evaluated based on fairness. But fairness can be inconsistent with economic efficiency; and it can depend on social relations. This lecture examines the linkages between fairness, economic efficiency and social relations, along with their implications for policy.

 

 

     

                                            

 

...in a nutshell                                             

Full lecture                                                                                                  

Full slide presentation

                                               

 
Inequality and Social Relations (Introduction)
 
Inequality and Social Relations (Presentation)

 

 

Inequality, Human Capital and Marital Patterns

Pierre-André Chiappori, Columbia University

29 May 2018

Human capital has played a key role in the evolution of inequality over the recent decades. This lecture will first present some facts about inequality in general, then discuss endogenous human capital formation and its role on the labor and marriage markets. I will argue that an 'inequality spiral' is generated as educated people tend to marry their own and invest more into their children, increasing assortative matching among their offspring and resulting in more inequality for the next generation.

 

 

     

                                            

 

...in a nutshell                             

Full lecture                                                                                                               

Full slide presentation

                                               

 
Inequality, Human Capital and Marital Patterns (Introduction)
 
Inequality, Human Capital and Marital Patterns (Presentation)

 

 

Inequality and the PIBien-être

Serge Allegrezza, STATEC

17 April 2018

The PIBien-être aims to go beyond GDP in order to capture the multiple facets of the quality of life. The government of Luxembourg assigned this project to the CES and CSDD to develop a comprehensive notion of well-being. The result is an array of 63 indicators that cover 11 different domains of people’s lives from 2009 onward. The agency in charge of data collection and computation is STATEC. A final report on the project was submitted last year. The talk will focus on some of the shortcomings of the list of indicators and present proposals to move forward.

 

 

      

                                            

 

...in a nutshell                                    

 Full lecture                                                                   

Full slide presentation

                                               

 
Inequality and the PIBien-être (Introduction)
 
Inequality and the PIBien-être (Presentation)

 

 

Inequality and European Identity

Frank Cowell, London School of Economics and Political Science

28 March 2018

The connection between the European Identity and inequality presents a puzzle. This talk examines whether the answer to the puzzle is to be found in the facts about income and wealth distribution, or in European attitudes to distributional fairness, or in the connections between European citizens’ preferences for redistribution and their own national ties.

 

 

     

                                            

 

...in a nutshell                                    

 Full lecture                                                                   

Full slide presentation

                                               

 
Inequality and European Identity (Introduction)
 
Inequality and European Identity (Presentation)

 

 

Inequality and Surnames

Gregory Clark, University of California, Davis

8 March 2018

Until recently, surnames for men in most societies were inherited from their fathers. In this talk I show how we can use this fact, and the information content in surnames, to reveal surprising results about the nature and mechanisms of social mobility. In particular surnames reveal that social mobility rates are much lower than conventionally estimated, and hence inequalities greater. Surnames also can offer surprising insights into the sources of regional inequalities in economic outcomes. They suggest, for example, that regional disparities in modern England are entirely the product of selective migration of economic talent within England over the past 200 years.

 

 

 

       
                                            

 

...in a nutshell                                             

Full lecture                                                                                                     

Full slide presentation

                                               

 
Inequality and Surnames (Introduction)
 
Inequality_and_Surnames (Presentation)

 

 

Inequality and Genes

Markus Jäntti, Stockholm University

1 March 2018

Inequality in economic outcomes partly reflects genetic variation: there is considerable evidence that economic outcomes are strongly positively correlated within families. However, the strength of these correlations varies across both time and space, suggesting that other forces are also at play. This leads to more complex models of family assocations in economic outcomes. The policy implications of different views of the relationship between economic inequality and genes are discussed. While doubt can be cast on the view that inequality is mostly genetic, the implications for, e.g., policies to reduce inequality are widely misunderstood

 

 

 

       
                                            

 

...in a nutshell                                             

Full lecture                                                                                                     

Full slide presentation

                                               

 
Inequality and Genes (Introduction)
 
Inequality and Genes (Presentation)

 

 

Inequality and Luxembourg

Nicolas Schmit, Gouvernement du Grand-Duché de Luxembourg, Ministère du Travail, de l’Emploi et de l’Économie sociale et solidaire

9 January 2018

This lecture analyzes inequality in one of the wealthiest countries worldwide. Traditionally, Luxembourg has been a relatively equal society but new economic developments are changing this. What does the new digital economy mean in this respect? Is there polarization in the labour market? Is growing inequality a result of prices in the housing market?What active public policies could be employed to reduce inequalities?

 

 

     

                    

...in a nutshell                             

Full lecture                                                                                                               

Full slide  presentation   

                                               

 
Inequality and Luxembourg (Introduction)
 
Inequality and Luxembourg (Presentation)