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Latest Economic inequality Stories

2012-04-20 09:50:15

A clearer link is established "Money, it's a gas," says the sixties rock group Pink Floyd in their song "Money." Indeed, physics professor Victor Yakovenko is an expert in statistical physics and studies how the flow of money and the distribution of incomes in American society resemble the flow of energy between molecules in a gas. In his lectures to be delivered on April 19 at New York University and April 20 at the New School for Social Research, Yakovenko will bring his...

2012-04-10 12:23:01

The study —conducted at the University of Granada— has also demonstrated that having a high level of education and a job are also protective against diseases. The per capita income and per capita welfare of the region of residence are protective factors against diseases. People with a high socioeconomic level have been demonstrated to have better health than the rest of people. Other protective factors against chronic diseases are having higher education, having a job, and the...

2012-04-10 09:01:48

The part of the brain we use when engaging in egalitarian behavior may also be linked to a larger sense of morality, researchers have found. Their conclusions, which offer scientific support for Adam Smith's theories of morality, are based on experimental research published in the latest issue of the Proceedings of the National Academy of Sciences. The study, coming seven months after the start of the Occupy Wall Street Movement, which has been aimed at addressing income inequality, was...

2012-04-05 14:03:11

Low-income teens living in areas of high inequality are more likely to have a baby rather than investing in their own economic progress New research reveals the surprising economics behind the high U.S. teen birth rates, and why Texas teens are giving birth at triple the rate of Massachusetts youth: high income inequality and low opportunity cost. For the first time, Wellesley College economist Phillip B. Levine and University of Maryland economist Melissa Schettini Kearney conducted a...

2012-03-07 20:20:07

Next year´s Davos meeting could benefit from physicists´ insights on how new market rules help avoid wealth concentration Two Brazilian physicists have shown that wealth concentration invariably stems from a particular type of market exchange rules — where agents cannot receive more income than their own capital. The authors concluded that maximum inequalities ensue from free markets, which are governed by such seemingly fair rules. This study was conducted by J. Roberto...

2011-09-20 12:34:15

Early on, Sweden was a country where poor children had a good chance of ending up financially stronger than their parents. This is one conclusion reached in a doctoral thesis in Economic History from the School of Business, Economics and Law at the University of Gothenburg. Researcher Birgitta Jansson shows that the relative poverty in Sweden decreased from 1925 to 1983, with 1983 being the year with the lowest level of income inequality. However, then the pendulum started to swing back...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.