Inequality Around the World

KENNETH J. ARROW Stanford University, USA DWAYNE BENJAMIN University of Toronto, Canada SAMUEL BOWLES University of Massachusetts, USA ELIZABETH BRAINERD Williams College, Massachusetts, and Harvard University, USA LOREN BRANDT University of Toronto, Canada FATMA EL-HAMIDI University of Pittsburgh, USA ARMIN FALK University of Zurich, Switzerland URS FISCHBACHER University of Zurich, Switzerland PAUL GLEWWE University of Minnesota, USA ROBERT G. GREGORY Australian National University, Australia MARIANNE HILGERT Inter-American Development Bank, Washington DC, USA GUO LI The World Bank, Washington DC, USA MARCO MANACORDA London School of Economics, and Queen Mary College, University of London, UK REMCO H.OOSTENDORP Vrije Universiteit, Amsterdam, Netherlands MIGUEL SZAeKELY Inter-American Development Bank, Washington DC, USA KATHERINE TERRELL University of Michigan, USA

One of the most troubling developments of the past two decades has been the dramatic rise in inequality among nations and within nations.One of the most troubling developments of the past two decades has been the dramatic rise in inequality among nations and within nations. This book examines the nature of this development in a variety of countries and contexts - China, Russia, Australia, Latin America, Italy - where the rise of inequality has not been studied as intensively as the US or UK. It also presents analyses of some potential causes and consequences of the rise in inequality.