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Latest Economic inequality Stories

2013-10-03 16:07:32

Wealth inequality can encourage people to cooperate when they would otherwise have no incentive to do so, according to a new study published in Nature Communications. "In many groups and societies, the temptation to defect is high, which means that cheaters are much better off than cooperators," says IIASA researcher Ulf Dieckmann, who worked on the study along with IIASA researcher Ádám Kun. For example, he says, if a train ticket is very expensive and the probability that cheaters are...

2013-03-19 23:02:52

Reece Freeman, of ChooseWhat.com, introduces why a "Living Wage" makes more sense than "Minimum Wage" for small businesses after President Obama's call to raise the minimum wage to $9 an hour. Austin, TX (PRWEB) March 19, 2013 At this year´s State of the Union address, President Obama laid out a series of plans for the first year of his second term. One of the most controversial ideas introduced was the plan to raise the minimum wage from $7.25 to $9.00 per hour and tie this wage to...

2013-02-27 14:07:43

Same gain in income produces far greater wealth for white households than black families New research shows the dramatic gap in household wealth that now exists along racial lines in the United States cannot solely be attributed to personal ambition and behavioral choices, but rather reflects policies and institutional practices that create different opportunities for whites and African-Americans. So powerful are these government policies and institutional practices that for typical...

2012-09-20 17:15:17

Moving from a high-poverty to lower-poverty neighborhood spurs long-term gains in the physical and mental health of low-income adults, as well as a substantial increase in their happiness, despite not improving economic self-sufficiency, according to a new study published in the Sept. 20 issue of Science by researchers at the University of Chicago and partners at other institutions. Although moving into less disadvantaged neighborhoods did not raise incomes for the families that moved,...

2012-07-25 00:04:34

New research from North Carolina State University shows that informal social networks play an important role when it comes to finding jobs in both the United States and Germany, but those networks are significantly more important for high-paying jobs in the United States  — which may contribute to economic inequality. “It is interesting to note that the open market system in the United States, with minimal labor regulations, actually sees people benefiting more from...


Word of the Day
holluschickie
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'
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