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The decline in unionization in recent decades has fed the rise in incomes at the top

March 6, 2015

Power from the People

FINANCE & DEVELOPMENT, March 2015, Vol. 52, No. 1
Florence Jaumotte and Carolina Osorio Buitron

The decline in unionization in recent decades has fed the rise in incomes at the top

Inequality has risen in many advanced economies since the 1980s, largely because of the concentration of incomes at the top of the distribution. Measures of inequality have increased substantially, but the most striking development is the large and continuous increase in the share of total income garnered by the 10 percent of the population that earns the most—which is only partially captured by the more traditional measure of inequality, the Gini coefficient (see Chart 1). Read the rest of this entry »

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Labour Markets, Institutions and Inequality

March 6, 2015

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Want to tackle inequality? Shore up collective bargaining

March 3, 2015

From the forums in Davos to the protests taking place on the streets: inequality is the defining challenge of our time. It hurts economic growth, denies workers their fair share and robs families of their hopes for a better future. Read the rest of this entry »

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Engendering development: the status of women in the Philippines

March 2, 2015

Women make up over half of our population. Their contribution to society has been incalculable, but disparities clearly remain between the fulfillment of their needs, on the one hand, and the services and protections afforded them by the state, on the other. Read the rest of this entry »

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What the middle class doesn’t understand about rich people

February 26, 2015

Few people in the middle class really understand the mindset of the richest people.

After all, if they did, they would be among the top earners as well. We’ve all heard the remarks: Rich people are lucky, rich people had an unfair advantage, rich people are crooks, rich people are selfish, etc. These are mostly empty statements with little proof to back them up. Read the rest of this entry »

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A remedy for inequality

February 24, 2015

Building and bolstering labour market institutions is crucial for reducing inequality because market forces alone will not do the job.

Apparently, the first step in solving a problem is admitting that one exists. If so, it is welcome that inequality trends are in the spotlight and there is concern about its potential consequences. But now, it is time to focus attention on reverting these unsettling trends. Read the rest of this entry »

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Why inequality threatens the Asian miracle

February 18, 2015

BANGKOK (ILO News) – Leaders around the world are talking about inequality. With the global economy still dragging there are growing fears that rising income disparities could hamper growth and reverse social progress. At the recent World Economic Forum in Davos, inequality was highlighted as the defining challenge for 2015. Here in the Asia-Pacific region, similar concerns are infiltrating the policy debate. Read the rest of this entry »

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OECD: changes must cut inequality, not just boost economic growth

February 9, 2015

At the opening of the G20 meeting, the thinktank says politicians must prioritise policies that share the gains of stronger growth

Politicians must focus on policies to ensure that stronger economic growth goes hand in hand with fairer distribution of the financial gains if they are to stem rising inequality, a leading economic thinktank has said. Read the rest of this entry »

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The meek shall not inherit the earth – gender equality and access to land

January 27, 2015

One of my favorite books when I was growing up in Fiji was Margaret Mitchell’s, Gone With The Wind. Of course, this tale of American Civil War era life on a Southern plantation was about as far removed from my Pacific islands reality as it is possible to get. But no matter how politically incorrect it was for an aspiring feminist, or indeed anyone that abhors slavery, I wanted all those crinolines and cotillions. Read the rest of this entry »

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The Global Economic Crisis and Gender Equality

January 25, 2015

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