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 ...

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 ...

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 ...

Life's not fair! So why do we assume it is?

Income inequality in America has been growing rapidly, and is expected to increase. While the widening wealth gap is a hot topic in the media and on the campaign trail, there's quite a disconnect between the perceptions of ...

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