Statistics Canada today released an excellent study of high incomes and inequality - http://www.statcan.ca/Daily/English/070924/d070924a.htm Thanks to Michael Wolfson, Brian Murphy and Paul Roberts for getting this powerful data out into the light of day. No big surprises here – the top end grabs a disproportionate share of all income, and their share has been growing apace. The tax data used […]
Read morePaul Krugman has a new blog through the NewYork Times (and it is not subscriber only!). Here’s an excerpt from his first post, about the story on inequality over the past century: The Long Gilded Age: Historians generally say that the Gilded Age gave way to the Progressive Era around 1900. In many important ways, though, the Gilded Age continued […]
Read moreOn Monday, Ontario’s Institute for Competitiveness and Prosperity released a paper entitled, Prosperity, Inequality, and Poverty. As Andrew Sharpe pointed out in a review of Jack Mintz’s book, free-market “policy entrepreneurs” often completely ignore the distributional consequences of their recommendations. The Institute deserves credit for trying to grapple with distributional issues (and also for quoting Sharpe extensively). The Institute observes […]
Read morehttp://canadianlabour.ca/updir/Working_People_Deserve_More_Paid_Vacation.pdf Here’s the link to a mini study on statutory rights to paid vacation timey just posted to the CLC web site – we fall well short of European standards and there is a surprising amount of variation in Canada.
Read moreThe US National Bureau of Economic Research have just published a fascinating dissection of top income earners, the ones we know have grabbed a rapidly escalating share of all income. This study provides a wealth of detail on the incomes of those we would suspect to be in the top 0.1% or higher (in 2004 the top 0.1% of US […]
Read moreThe Wellesley Institute blog compares and contrasts a recent CCPA publication with the World Wealth Report: Two days, two reports, two very different worlds The World Wealth Report 2007 released on Wednesday by Merrill Lynch and Capgemini reports that the very rich (so-called high net worth individuals – HNWI) are getting even richer. And the forecast is the extremely […]
Read moreThe CCPA released a study today by PEF steering committee members Ellen Russell and Mathieu Dufour. Rising Profit Shares, Falling Wage Shares is the published version of research they presented during the PEF session on ineuquality, at the CEA conference. The full study is available here and the press release says: Canada’s economy grew steadily and workers’ productivity improved by […]
Read moreStephen Gordon’s presentation from our PEF “taxation and social democracy” session at the CEA meetings is now online at his blog, here. The other presenters on the panel were Andrew Jackson, Erin Weir and Marion Steele. I was the discussant for the session, so I will take Stephen’s cue and jot down some of the things I thought most noteworthy […]
Read moreI’m not a big fan of business journalism. For the most part, it’s a lazy, sycophantic, uninspired, biased, occasionally self-interested (in a conflict-of-interest sense) and worse yet, boring business. I should know, I was once part of the fold. In my experience, at least half of financial journalists are in it for the food (gotta love annual report/annual meeting season […]
Read moreA study released by Statistics Canada today concludes that “Immigration has tended to lower wages in both Canada and the United States.” Of course, immigration is but one of many influences on wages and class divisions are of far greater economic significance than any supposed conflict between immigrant and non-immigrant workers. Nevertheless, this issue has the potential to be quite […]
Read moreHaving just finished arguing that inequality is an inevitable result of personal marriage decisions, William Watson has declared Canadians the “strike champs” of the OECD in today’s Financial Post. A new British study suggests that labour disputes cost about 200 days per 1,000 workers per year in Canada, which is apparently far more than in most OECD countries. Four thoughts […]
Read moreThe educational homogamy meme has put a burr under my saddle. While I do think it is an important element in understanding inequality trends, what concerns me is the insinuation that this explains most of the rise in inequality, a position taken by Margaret Wente and William Watson to sound off that there is nothing we can do. Guess what? […]
Read moreWhile William Watson and Margaret Wente are shrugging their shoulders at growing inequality in Canada, and endorsing policies that would make our income distribution more like that of our southern neighbour, concerns in the US about rising inequality are actually getting a better hearing. An example is the following article in Business Week (The Poverty Business: Inside U.S. companies’ audacious […]
Read moreFurther to my earlier post re Margaret Wente on Inequality http://progecon.wordpress.com/2007/05/15/margaret-wente-and-inequality/ the Ottawa Citizen ran two letters today, from Armine Yalnizyan and myself, responding to Bill Watson’s similar view that we can’t do anything about inequality since it is driven by personal marital choices. The Ottawa Citizen Tuesday, May 22, 2007 Re: Why we need more Pretty […]
Read moreI highly recommend a new StatsCan (Andrew Heisz) study of income inequality and redistribution – with one significant quibble. Heisz confirms a great deal of what we know – family after tax income inequality has been growing apace in the 1990s, driven above all by increased inequality of market income. http://www.statcan.ca/english/research/11F0019MIE/11F0019MIE2007298.pdf This is a methodologically sophisticated study. It confirms the […]
Read moreLAUREL ROTHMAN AND ARMINE YALNIZYAN Special to Globe and Mail Update May 8, 2007 at 12:37 AM EDT Canada‘s child and family poverty rate is down to 11.7 per cent in the latest Statistics Canada report, released last week. So why aren’t anti-poverty activists breaking out the bubbly? Because that rate is exactly what it was in 1989, when parliamentarians […]
Read moreMore good work from the CCPA: Ontario’s rich-poor gap is huge: study Report shows wealthiest 10% earn 75 times more than poorest 10% April Lindgren The Ottawa Citizen Tuesday, May 08, 2007 Â TORONTO – The income gap between Ontario’s richest and poorest families is greater than ever before and the most pronounced in the country, according to a study […]
Read moreDani Rodrik says it is much better to be poor in a rich country than it is to be rich in a poor country (top and bottom deciles, that is, for “rich” and “poor”): The correct answer is that a poor person in a rich country is three times better off than a rich person in a poor country (given […]
Read moreThe New York Times reports on the inequities generated by global warming below. The April edition of The Atlantic also featured a story on the same theme, but it was really poorly done. While the article makes a few interesting observations of what might happen in different parts of the world, Gregg Easterbrook, from Brookings, was more inclined to treat […]
Read moreLance Freeman of Columbia University argues against congestion pricing: The Equity Considerations of Congestion Pricing Getting stuck in traffic is fast becoming one of those necessary evils that everyone complains about but seldom does anything about it. Or at least anything that seems terribly effective. Neither additional road building nor public transit seemed to have had a major impact on […]
Read moreFrom the Toronto Star March 23, 2007, p. A21. Working poor get little relief from Flaherty Upon closer inspection, the Conservative finance minister’s Working Income Tax Benefit falls way short of the original proposal first floated by his Liberal predecessor Ralph Goodale, notes John Stapleton March 23, 2007 There was much anticipation that the latest federal budget would […]
Read moreFrom the keynote speech delivered by Paul Krugman at the Economic Policy Institute’s recent conference on The Agenda for Shared Prosperity: A History of America’s Disappearing Middle Class By Paul Krugman …One thing I’ve been noticing on multiple debates in public policies — climate change is another one — is there seems to be an almost seamless transition from denial […]
Read moreThis morning, Statistics Canada released its Labour Force Survey figures for February. My analysis, which was included in the CLC’s press release, follows: Manufacturing Crisis Deepens Canada lost 35,000 manufacturing jobs between January and February. This staggering one-month decline pushes the cumulative loss to 250,000 since Canadian manufacturing peaked in November 2002. Most of February’s devastating decline took place in […]
Read moreAnnouncing the Center for the Applied Study of Economics & the Environment, a new US grouping of progressive economists. Here is their manifesto: Real People, Real Environments, and Realistic Economics The wealth and power of humanity in the 21st century could be used to create a far better world. We write as economists who are troubled by environmental degradation and […]
Read morePublished in The Tyee, as Divided, We’re Falling: Book Review of Dimensions of Inequality in Canada Edited by David A. Green and Jonathan R. Kesselman UBC Press ISBN 0-7748-1208-7 August 2006 http://www.ubcpress.ca/search/title_book.asp?BookID=4518 Review by Marc Lee A poll last Fall by Environics for the Canadian Centre for Policy Alternatives found that three-quarters of Canadians felt that the gap between rich […]
Read moreAnother teaser from James Galbraith, who will be joining us at the Canadian Economics Association meetings to inaugurate the John Kenneth Galbraith Prize in Economics, and will also be presenting on a panel on inequality. His presentation might go something like this: Bush’s beltway boom By James K. Galbraith The rise of the Democrats brings some much-needed attention to […]
Read moreYesterday, the CCPA released a study on inequality filled with statistics about how life has changed for families with children. John Ibbitson shrugs his shoulders and responds with a polemic. He provides some “balance” by trashing right-wing think tanks, too, but in typical Ibbitson fashion provides not a shred of evidence for anything he says. Here’s the column and some […]
Read moreThe CCPA released a study today, part of a mega-project on inequality in Canada, looking at changes in income and work hours for Canadian families with children. The report, by Armine Yalnizyan, finds that the top 10% are pulling away. While the report looks at distribution by deciles, it would be interesting to pull a Saez and Veall, to see […]
Read moreI just received my 2006 issue of Society at a Glance: OECD Social Indicators. (Best seen in living colour!) The OECD now regularly reports systematic national indicators of earnings inequality (Table EQ2.1). I have made wide use in the past of data for the mid to late 1990s circulated in the OECD Employment Outlook, which are now dated. The new […]
Read moreI bet you didn’t expect to see this title on Relentlessly Progressive Economics, and it’s not just an attempt to get more Google hits. This story highlights some important questions about inheritance. Not surprisingly, men have lined up for DNA tests to stake a claim on her late husband’s fortune via her baby. While some individuals have been criticized for […]
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