What Do We Know and What Should We Do About ... ? : Inequality

Description

Economic inequality is at historically high levels with income inequality in developed countries at its highest for over 50 years. In the UK, the rise in income inequality over the last 30 years is one of the largest across developed nations, leading to the UK being close to the top of the international league for inequality and second highest among G7 countries. Economist Mike Brewer discusses the causes and consequences of these high levels of economic inequality in the UK, outlining why the UK became so unequal in the 1980s and how this has developed further since the 2008 financial crash and the austerity that followed. Brewer then presents new analysis of the top 1% and 0.1%, before assessing the relevance of Thomas Piketty’s landmark work and predictions around wealth inequalities. The author then outlines six key areas that need addressing to move the UK off its high-inequality path and towards a fairer society, including wealth redistribution, social mobility, and excessive pay at the top. WHAT DO WE KNOW AND WHAT SHOULD WE DO ABOUT INEQUALITY? - FRONT COVER......Page 1 WHAT DO WE KNOW AND WHAT SHOULD WE DO ABOUT INEQUALITY?......Page 2 COPYRIGHT......Page 3 CONTENTS......Page 4 ABOUT THE SERIES......Page 6 ABOUT THE AUTHOR......Page 8 CHAPTER 1 - INTRODUCTION......Page 10 CHAPTER 2 - BACKGROUND......Page 30 CHAPTER 3 - WHAT DO WE KNOW ABOUT INEQUALITY?......Page 50 CHAPTER 4 - WHAT SHOULD WE DO ABOUT INEQUALITY?......Page 82 CHAPTER 5 - CONCLUSION......Page 98 NOTES......Page 102 FURTHER READING AND KEY DATA SOURCES......Page 108 REFERENCES......Page 110 INDEX......Page 118