Do economists understand inequality?

Francois Bourguignon of Paris School of Economics, explores the divide between the economists and statisticians who study inequality and the general population who experience it. Perception that life is easier for others fuels feelings of inequality and is not necessarily based purely on financial considerations but can encompass issues such as job security. Policymakers need to engage with this perceived inequality as the economic cost of the unrest that it can cause is enormous.

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Topics:  Poverty and income inequality

Tags:  Inequality, statisticians, measurement, perceived inequality

Emeritus Professor, Paris School of Economics

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