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Institute of Development Studies
Institute of Development Studies

Robert wade - Why has income inequality remained marginal in public policy Presentation given at conference on 17/18 November in honour of Sir Richard Jolly

TechnologyEconomy & Finance
1 of 17
"Why has income inequality remained marginal in public policy, & how can center-left make it more central?” 
Defence of IN: politicos ,[object Object],[object Object],[object Object]
Defence of IN: economists ,[object Object]
Defence of IN: economists ,[object Object],[object Object],[object Object]
IN in development policy ,[object Object],[object Object],[object Object],[object Object]
Why electorates acquiesce to top-end IN? ,[object Object],[object Object],[object Object],[object Object],[object Object]
US: income share of top 1%, 1913- 2006
Soaring top-end IN is Anglo-Am
Income Shares in Developed World, 1913-2003 (Alvaredo & Piketty, 2008) Top 1% Income Shares: Anglo-Saxon Countries Top 1% Income Shares: Continental Europe + Japan
Top end IN surging in DCs ,[object Object]
Why middle class acquiescent? ,[object Object],[object Object]
 
Middle class acquiescence ,[object Object],[object Object],[object Object]
Middle class acquiescence ,[object Object],[object Object],[object Object]
What can center-left academics do? ,[object Object],[object Object],[object Object],[object Object]
Challenges to IN defences ,[object Object],[object Object],[object Object],[object Object]
IN in development policy ,[object Object],[object Object]

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Robert wade - Why has income inequality remained marginal in public policy

  • 1. "Why has income inequality remained marginal in public policy, & how can center-left make it more central?” 
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  • 7. US: income share of top 1%, 1913- 2006
  • 8. Soaring top-end IN is Anglo-Am
  • 9. Income Shares in Developed World, 1913-2003 (Alvaredo & Piketty, 2008) Top 1% Income Shares: Anglo-Saxon Countries Top 1% Income Shares: Continental Europe + Japan
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Editor's Notes

  1. Crash in incomes in the top percentile due to WWI, stock market crash, great depression and WWII. Note that Sweden did not crash too much (neutral) Australia and NZ recover quickly due to increases in raw materials post WWII High shares in early 1900s due to lack of progressive taxation during the 1800s. Progressive taxation kept things low until the 1980s for Anglo countries