Pandemics Economics And Inequality

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The Great Leveler

Author : Walter Scheidel
Publisher : Princeton University Press
ISBN 13 : 0691184313
Total Pages : 525 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Great Leveler by : Walter Scheidel

Download or read book The Great Leveler written by Walter Scheidel and published by Princeton University Press. This book was released on 2018-09-18 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: How only violence and catastrophes have consistently reduced inequality throughout world history Are mass violence and catastrophes the only forces that can seriously decrease economic inequality? To judge by thousands of years of history, the answer is yes. Tracing the global history of inequality from the Stone Age to today, Walter Scheidel shows that inequality never dies peacefully. Inequality declines when carnage and disaster strike and increases when peace and stability return. The Great Leveler is the first book to chart the crucial role of violent shocks in reducing inequality over the full sweep of human history around the world. Ever since humans began to farm, herd livestock, and pass on their assets to future generations, economic inequality has been a defining feature of civilization. Over thousands of years, only violent events have significantly lessened inequality. The "Four Horsemen" of leveling—mass-mobilization warfare, transformative revolutions, state collapse, and catastrophic plagues—have repeatedly destroyed the fortunes of the rich. Scheidel identifies and examines these processes, from the crises of the earliest civilizations to the cataclysmic world wars and communist revolutions of the twentieth century. Today, the violence that reduced inequality in the past seems to have diminished, and that is a good thing. But it casts serious doubt on the prospects for a more equal future. An essential contribution to the debate about inequality, The Great Leveler provides important new insights about why inequality is so persistent—and why it is unlikely to decline anytime soon.

The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role?

Author : Davide Furceri
Publisher : International Monetary Fund
ISBN 13 : 1513582402
Total Pages : 26 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? by : Davide Furceri

Download or read book The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? written by Davide Furceri and published by International Monetary Fund. This book was released on 2021-04-30 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an important role in determining the extent of the increase in inequality. Episodes marked by extreme austerity—measured using either the government’s fiscal balance, health expenditures or redistribution—have been associated with an increase in the Gini measure of inequality three times as large as in episodes where fiscal policy has been more supportive. We survey the evidence thus far on the distributional impacts of the COVID-19 pandemic, which suggests that inequality is likely to increase in the absence of strong policy actions. We review the case made by many observers (IMF 2020; Stiglitz 2020; Sandbu 2020b) that fiscal support should not be withdrawn prematurely despite understandable concerns about high public debt-to-GDP ratios.

The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data

Author : Davide Furceri
Publisher : International Monetary Fund
ISBN 13 : 1484350898
Total Pages : 61 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data by : Davide Furceri

Download or read book The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data written by Davide Furceri and published by International Monetary Fund. This book was released on 2018-04-06 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. Both country- and industry-level results suggest that such policies have led on average to limited output gains while contributing to significant increases in inequality—that is, they pose an equity–efficiency trade-off. Behind this average lies considerable heterogeneity in effects depending on country characteristics. Liberalization increases output in countries with high financial depth and those that avoid financial crises, while distributional effects are more pronounced in countries with low financial depth and inclusion and where liberalization is followed by a crisis. Difference-indifference estimates using sectoral data suggest that liberalization episodes reduce the share of labor income, particularly for industries with higher external financial dependence, those with a higher natural propensity to use layoffs to adjust to idiosyncratic shocks, and those with a higher elasticity of substitution between capital and labor. The sectoral results underpin a causal interpretation of the findings using macro data.

Pandemic Economics

Author : Thomas R. Sadler
Publisher : Routledge
ISBN 13 : 1000411354
Total Pages : 319 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Pandemic Economics by : Thomas R. Sadler

Download or read book Pandemic Economics written by Thomas R. Sadler and published by Routledge. This book was released on 2021-07-27 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pandemic Economics applies economic theory to the Covid-19 era, exploring the micro and macro dimensions of the pre-pandemic, pandemic, and post-pandemic phases. Using core economic tools such as marginal analysis, cost-benefit analysis, and opportunity cost, this book explores the breadth of economic outcomes from the pandemic. It shows that a tradeoff between public health and economic health led to widespread problems, including virus infections and unemployment. Taking an international and comparative approach, the book shows that because countries implemented different economic policies, interventions, and timelines during the crisis, outcomes varied with respect to the extent of recession, process of recovery, availability of medical equipment, public health, and additional waves of the virus. Pedagogical features are weaved throughout the text, including country case studies, key terms, suggested further reading, and discussion questions for solo or group study. On top of this, the book offers online supplements comprising PowerPoint slides, test questions, extra case studies, and an instructor guide. This textbook will be a valuable resource for advanced undergraduate and postgraduate courses on pandemic economics, macroeconomics, health economics, public policy, and related areas.

The Unequal Pandemic

Author : Bambra, Clare
Publisher : Policy Press
ISBN 13 : 1447361237
Total Pages : 198 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis The Unequal Pandemic by : Bambra, Clare

Download or read book The Unequal Pandemic written by Bambra, Clare and published by Policy Press. This book was released on 2021-06-15 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: EPDF and EPUB available Open Access under CC-BY-NC- ND This accessible, yet authoritative book shows how the pandemic is a syndemic of disease and inequality. It argues that these inequalities are a political choice and we need to learn quickly to prevent growing inequality and to reduce health inequalities in the future.

Global Inequality

Author : Branko Milanovic
Publisher : Harvard University Press
ISBN 13 : 067473713X
Total Pages : 312 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis Global Inequality by : Branko Milanovic

Download or read book Global Inequality written by Branko Milanovic and published by Harvard University Press. This book was released on 2016-04-11 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Bruno Kreisky Prize, Karl Renner Institut A Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the Year One of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice. “The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.” —The Economist “Milanovic has written an outstanding book...Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon...Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades. —Martin Wolf, Financial Times

Economic Policy for a Pandemic Age

Author : Monica de Bolle
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327425
Total Pages : 149 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Economic Policy for a Pandemic Age by : Monica de Bolle

Download or read book Economic Policy for a Pandemic Age written by Monica de Bolle and published by Peterson Institute for International Economics. This book was released on 2021-04-05 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global health and economic threats from the COVID-19 pandemic are not yet behind us. While the development of multiple safe and highly effective vaccines in less than a year is cause for hope, several significant dangers to recovery of global health and income are still clear and present: New concerning variants of SARS-CoV-2, the virus that causes COVID-19, continue to emerge at an alarming rate in different parts of the world; at the same time, vaccine rollouts have been shockingly inefficient even in some rich countries, while much of the developing world waits in line behind them for vaccines to arrive. The Briefing covers several policy areas in which cooperative forward-looking policy action will materially improve our chances of truly escaping today's pandemic and making future pandemics less costly.

The Work of the Future

Author : David H. Autor
Publisher : MIT Press
ISBN 13 : 0262367742
Total Pages : 189 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Work of the Future by : David H. Autor

Download or read book The Work of the Future written by David H. Autor and published by MIT Press. This book was released on 2022-06-21 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

Does Inequality Matter? How People Perceive Economic Disparities and Social Mobility

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264872000
Total Pages : 165 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis Does Inequality Matter? How People Perceive Economic Disparities and Social Mobility by : OECD

Download or read book Does Inequality Matter? How People Perceive Economic Disparities and Social Mobility written by OECD and published by OECD Publishing. This book was released on 2021-11-18 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recovery after the COVID-19 crisis requires policies and reforms that tackle inequalities and promote equal opportunities. However, the implementation of such reforms requires widespread support from the public. To better understand what factors drive public support, this report provides a detailed cross-country analysis of people’s perceptions of and concern over inequality.

COVID-19 and International Development

Author : Elissaios Papyrakis
Publisher : Springer Nature
ISBN 13 : 3030823393
Total Pages : 184 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis COVID-19 and International Development by : Elissaios Papyrakis

Download or read book COVID-19 and International Development written by Elissaios Papyrakis and published by Springer Nature. This book was released on 2022-01-13 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current coronavirus pandemic fundamentally reshapes existing debates and processes in international development. The unprecedented (and rapidly evolving) crisis is generating a number of substantial challenges for developing economies. Governments in low-income nations often find it extremely hard to cope with the increased demand for health services, make prompt decisions and put them into action, protect vulnerable segments of society and offer immediate relief to affected economic sectors. This book provides a series of reflective chapters that demonstrate how several areas of international development have been severely affected by the Covid-19 outbreak. It provides an in-depth critical discussion on how the current pandemic influences several development outcomes (in the domains of poverty/inequality, health, education, migration, formal/informal employment, (de)globalisation, the extractive sector, climate change, water and the global financial system). Each chapter draws policy recommendations on relevant interventions that can alleviate the identified negative repercussions of the Covid-19 pandemic, especially for the most vulnerable communities in the Global South.

The Vanishing Middle Class, new epilogue

Author : Peter Temin
Publisher : MIT Press
ISBN 13 : 0262535297
Total Pages : 288 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Vanishing Middle Class, new epilogue by : Peter Temin

Download or read book The Vanishing Middle Class, new epilogue written by Peter Temin and published by MIT Press. This book was released on 2018-03-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

World Inequality Report 2022

Author : Lucas Chancel
Publisher : Harvard University Press
ISBN 13 : 0674273567
Total Pages : 267 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis World Inequality Report 2022 by : Lucas Chancel

Download or read book World Inequality Report 2022 written by Lucas Chancel and published by Harvard University Press. This book was released on 2022-11 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Inequality Report 2022 is the most authoritative and comprehensive account of global trends in inequality, providing cutting-edge information about income and wealth inequality and also pioneering data about the history of inequality, gender inequality, environmental inequalities, and trends in international tax reform and redistribution.

Gender Equality and Public Policy

Author : Paola Profeta
Publisher : Cambridge University Press
ISBN 13 : 1108423353
Total Pages : 231 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Gender Equality and Public Policy by : Paola Profeta

Download or read book Gender Equality and Public Policy written by Paola Profeta and published by Cambridge University Press. This book was released on 2020-04-16 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive and in-depth overview of how public policy is shaping gender equality in Europe.

The Covid Consensus

Author : Toby Green
Publisher : Oxford University Press
ISBN 13 : 1787386155
Total Pages : 170 pages
Book Rating : 4.7/5 (873 download)

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Book Synopsis The Covid Consensus by : Toby Green

Download or read book The Covid Consensus written by Toby Green and published by Oxford University Press. This book was released on 2021-12-01 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the onset of the pandemic, progressive opinion has been clear that hard lockdowns are the best way to preserve life, while only irresponsible and destructive conservatives like Trump and Bolsonaro oppose them. But why should liberals favor lockdowns, when all the social science research shows that those who suffer most are the economically disadvantaged, without access to good internet or jobs that can be done remotely; that the young will pay the price of the pandemic in future taxes, job prospects, and erosion of public services, when they are already disadvantaged in comparison in terms of pension prospects, paying university fees, and state benefits; and that Covid's impact on the Global South is catastrophic, with the UN predicting potentially tens of millions of deaths from hunger and declaring that decades of work in health and education is being reversed. Toby Green analyses the contradictions emerging through this response as part of a broader crisis in Western thought, where conservative thought is also riven by contradictions, with lockdown policies creating just the sort of big state that it abhors. These contradictions mirror underlying irreconcilable beliefs in society that are now bursting into the open, with devastating consequences for the global poor.

Economics in One Virus

Author : Ryan A. Bourne
Publisher : Cato Institute
ISBN 13 : 1952223075
Total Pages : 321 pages
Book Rating : 4.9/5 (522 download)

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Book Synopsis Economics in One Virus by : Ryan A. Bourne

Download or read book Economics in One Virus written by Ryan A. Bourne and published by Cato Institute. This book was released on 2021-04-07 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics." —Tyler Cowen, Holbert L. Harris Chair of Economics at George Mason University and coauthor of the blog Marginal Revolution Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress? Economics in One Virus answers all these pandemic-related questions and many more, drawing on the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Packed with supporting data and the best new academic evidence, those uninitiated in economics will be given a crash-course in the subject through the applied case-study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns. After digesting this highly readable, fast-paced, and provocative virus-themed economic tour, readers will be able to make much better sense of the events that they've lived through. Perhaps more importantly, the insights on everything from the role of the price mechanism to trade and specialization will grant even those wholly new to economics the skills to think like an economist in their own lives and when evaluating the choices of their political leaders.

Inequality, Class, and Economics

Author : Eric Schutz
Publisher : NYU Press
ISBN 13 : 1583679413
Total Pages : 312 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis Inequality, Class, and Economics by : Eric Schutz

Download or read book Inequality, Class, and Economics written by Eric Schutz and published by NYU Press. This book was released on 2022-01-24 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The COVID-19 pandemic exposed the economic inequalities pervading every aspect of society - and then multiplied them to a staggering degree. In Inequality, Class, and Economics, Eric Schutz illuminates the pillars undergirding the monstrous polarities which define our times revealing them as the structures of power that constitute the foundations of the class system of today's capitalism. Employers' power is the linchpin of that system, but the power of professionals in all fields, the power exerted by some businesses over others, political power, and the power of cultural institutions - especially mass media and education - are also critical for the class system today. Each of these social power structures is examined closely and shown both to sustain, and to be sustained by, economic inequality. Employing both traditional and novel approaches to public policy, Inequality, Class, and Economics denounces economists' studied avoidance of the problem of class as a system of inequality based in unequal opportunity, and exhorts us to tackle the heart of the problem at long last."--Back cover.

Ability, Inequality and Post-Pandemic Schools

Author : Alice Bradbury
Publisher : Policy Press
ISBN 13 : 1447346610
Total Pages : 184 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis Ability, Inequality and Post-Pandemic Schools by : Alice Bradbury

Download or read book Ability, Inequality and Post-Pandemic Schools written by Alice Bradbury and published by Policy Press. This book was released on 2021-06-11 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alice Bradbury discusses how the meritocracy myth reinforces educational inequalities and analyses how the recent educational developments of datafication and neuroscience might challenge how we classify and label children as we rebuild a post-pandemic schooling system.