(Op-Ed) Too entertaining to be true: Recent headlines declaring eight men are as wealthy as half the world misrepresent trends in inequality

Ernesto F. L. Amaral and Carter C. Price
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Ernesto F. L. Amaral: Texas A&M University

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Abstract: The headlines reporting on a recent study about the world's wealth were pretty irresistible: The world's eight richest men are as wealthy as the poorest half of the population. That was quite a jump from the 2016 report, when the anti-poverty organization Oxfam International said it took 62 people to manage this feat. But the measure they used presents a misleading view of trends in inequality. Global inequality has actually been on the decline while inequality within the developed world is increasing.

Date: 2017-02-06
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:tcx6a

DOI: 10.31219/osf.io/tcx6a

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