COVID-19 may have led to a decrease in worldwide inequality
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Prevailing wisdom says that income inequality has increased due to COVID-19. But has it? A new working paper by Angus Deaton argues exactly the opposite: inequality has actually decreased. But only if one takes China out of the picture.
COVID-19 may have led to a decrease in worldwide inequality
COVID-19 may have led to a decrease in…
COVID-19 may have led to a decrease in worldwide inequality
Prevailing wisdom says that income inequality has increased due to COVID-19. But has it? A new working paper by Angus Deaton argues exactly the opposite: inequality has actually decreased. But only if one takes China out of the picture.