Poverty is most often assessed using objective measures such as absolute and relative income levels. However, different individuals may experience different levels of financial stress at the same income level. Studies have found that the perception of income is only moderately correlated with actual income level and that it is the perception itself that relates
As has been explored in earlier articles on this blog, there are numerous obstacles – political, social, and structural – that prevent the integration of women into the Indian economy on equitable terms and footing with their male counterparts. These issues are deeply rooted in the Indian economy and society more broadly, and addressing them
India is a country where gender inequality has been a crucial issue for generations. Starting at a very young age, girls face a variety of barriers that contribute to unequal economic and educational opportunities. The empowerment of women, both through education of girls and employment of women, has a direct impact on the Indian economy.
This op-ed was originally published in Project Syndicate.
Following the steep economic downturns brought about by COVID-19, policymakers should be asking or rethinking fundamental questions. None is more fundamental than whether rapid economic growth is the best way to drive development and help struggling communities escape poverty.
For good reason, economic growth has long been
Center on Business and Poverty List of Recommended Articles and Books:
It almost goes without saying, sometimes a person’s mental health problems can lead to poverty. And sometimes mental health problems don’t correlate with poverty. But, often, one comes with the other. The World Health Organization has made it fairly clear that the two interact closely (and correcting one might lead to impacting the other for
Like many people, I am a Mark Twain fan. Therefore, on a recent trip to Hartford, Connecticut I visited his historic home.
Browsing through the gift shop after the tour, the following book caught my eye, “Ignorance, Confidence, and Filthy Rich Friends: The Business Adventures of Mark Twain, Chronic Speculator and Entrepreneur” by Peter Krass. This
The American people are no strangers to the spirit of charitable giving. A phenomenal figure from Charity Navigator shows that as many as 50 percent of American households donated money when the 2010 earthquake devastated Haiti.
This giving accumulated to $1.4 billion. Another example of American goodness was the $1.6 billion donated to victims of the
With COP26, the UN’s climate change conference, on the horizon next year in Glasgow, all eyes are on securing the decarbonisation of the global economy. What this will mean and how it will be achieved will be hotly debated before, during and after the conference.
Thanks to COVID-19, the world has experienced an extraordinary simulation of
While the presidential race has dominated the 2020 election, there are many other important decisions facing American voters. Here are 17 proposals on ballots around the country that, if approved, would go a long way towards reducing economic inequality.
Tax increases on the wealthy and corporations
- One of the biggest fights over fair taxation is raging
Food insecurity has been increasing in recent years, and has been further exacerbated in 2020 by the coronavirus. But what can we expect for the next decade? What will current trends in climate change, economic growth, and demographic shifts mean for food security throughout the 2020s? With data from the Food and Agriculture Organization
The risks of algorithmic discrimination and bias have received much attention and scrutiny, and rightly so. Yet there is another more insidious side-effect of our increasingly AI-powered society — the systematic inequality created by the changing nature of work itself. We fear a future where robots take our jobs, but what happens when a significant
Inequality has been seizing ever more of the public’s attention in recent years, reflected everywhere from papal encyclicals and economic tomes by French socialists to technical academic debates and the demotic language of politicians and pundits. The health and economic effects of the Covid-19 pandemic have further elevated
Socioeconomic inequality is one of the most pressing issues American society is grappling with. How does it play out over generations and how have those inequalities led to discrepancies in wealth, especially for people of color?
This year’s Boston University Diversity and Inclusion (D&I) annual Learn More series focused on an exploration of social class, featuring
In 2018, two professors and a Ph.D. candidate in economics from the University of Bonn designed a study to investigate long-term income and wealth inequality in the United States. They were specifically interested in how the financial crisis of 2008 had exacerbated existing inequalities and disproportionately affected
- New survey shows more than half of working adults fear for their jobs.
- But two thirds of workers are optimistic about retraining on the current job.
- Employment concerns and perceived opportunities to learn new skills vary greatly between countries.
A new Ipsos survey, conducted on behalf of the World Economic Forum,
The impact of the coronavirus pandemic in the United States and the resulting recession is best understood in the context of what has happened to the U.S. economy over the past 40 years. These four decades marked a period of growing economic inequality and slower growth that left the economy and our workers and
Every three years, the Federal Reserve conducts a survey of consumer finances, collecting information about family income, net worth, balance sheet components, credit use and other financial outcomes. The results of this survey were published in late September with some surprising results.
During the three years covered, real gross domestic product grew at an
In 2019, nearly 690 million people around the world went hungry. The pandemic could make that number grow by another 95 million people. But a series of new reports argues that it’s still possible to meet the U.N.’s Sustainable Development Goal of ending hunger by 2030—and lays out what’s needed to make that happen.
As Congress remains deadlocked on a new coronavirus economic stimulus package, two new studies show at least 6 million more people in the US are in poverty due to the effects of the Covid-19 pandemic.
A study from Columbia University published on Thursday found that the number of Americans in poverty grew by