What's fair?: New theory on income inequality

The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern, especially to policy makers. Income inequality was identified as ...

Super rich benefit from 'status quo bias'

(Phys.org) —Income inequality – between the super-rich and the rest of us – and a sorry record of progressive policy initiatives from Congress all can be traced to a built-in "status quo bias" in our political system, ...

Income inequality and distrust foster academic dishonesty

College professors and students are in an arms race over cheating. Students find new sources for pre-written term papers; professors find new ways to check the texts they get for plagiarized material. But why are all these ...

Material success and social failure?

It is common knowledge that in rich societies the poor have shorter lives and suffer more from almost every social problem. Likewise, large inequalities of income are often regarded as divisive and corrosive.

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