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Latest Economic inequality Stories

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...

2011-08-23 21:19:39

Pretty much everybody thinks they're better than average. But in some cultures, people are more self-aggrandizing than in others. Until now, national differences in "self-enhancement" have been chalked up to an East-West individualism-versus-collectivism divide. In the West, where people value independence, personal success, and uniqueness, psychologists have said, self-inflation is more rampant. In the East, where interdependence, harmony, and belonging are valued, modesty prevails. Now...

2011-06-17 01:54:15

A new study finds that the numbers are in the same range as deaths from heart attacks and stroke How researchers classify and quantify causes of death across a population has evolved in recent decades. In addition to long-recognized physiological causes such as heart attack and cancer, the role of behavioral factors"”including smoking, dietary patterns and inactivity"”began to be quantified in the 1990s. More recent research has begun to look at the contribution of social factors...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.