The Dynamics of Social Inequalities in the Present World
June 22, 2017
By Joseph Stiglitz
It is apparent that not only are there high levels of inequalities within most countries, but those inequalities have been growing over time. They are much larger today than they were a third of a century ago. It is also clear that there is far from equal opportunity: the life prospects of children of rich and well-educated parents are far better than those with poor and less well-educated parents.
In “The Dynamics of Social Inequalities in the Present World“, I discuss the dynamics of social inequalities at three levels—the global macro, at the forces shaping the dynamics of the distribution of income across countries; the country-macro, at the forces shaping the dynamics of the distribution of income within a country; and at the micro—the forces shaping the dynamics of individuals’ opportunities.
Author
Joseph Stiglitz
Chief Economist and Senior FellowAs chief economist and senior fellow at the Roosevelt Institute, Joseph Stiglitz focuses on income distribution, risk, corporate governance, public policy, macroeconomics, and globalization.