We need to modernize how we measure national wealth

I recently tried an experiment. I changed several light bulbs, and since one required a little rewiring, I sent my wife (also known as the majority shareholder) a bill for $110.50 (plus GST). In return, she sent me a bill ...

Hermit crabs' lesson on wealth inequality

Can hermit crabs teach us about a common global problem—wealth inequality? The answer is yes, according to a first-of-its-kind study published in the January issue of Physica A.

How to measure inequality as 'experienced difference'

A new way of measuring wealth inequality better accounts for the way we experience it. In a paper published in Economics Letters, economists Samuel Bowles of the Santa Fe Institute and Wendy Carlin of University College London ...

Natural disasters widen racial wealth gap

Damage caused by natural disasters and recovery efforts launched in their aftermaths have increased wealth inequality between races in the United States, according to new research from Rice University and the University of ...

Redistribution of wealth could boost consumption rate

Want to boost the consumption rate in the United States? Transfer wealth from the top 20 percent of earners to the bottom 80 percent, according to a University of Michigan study.

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