As economic inequality in Europe has continued to rise, it has become the subject of increasing academic attention. What are the drivers of inequality? How does it affect intergenerational economic and social mobility? At what point does inequality become a drag on economic growth or a threat to social order? What economic policy tools are available to reduce inequality? This Forum addresses these and other aspects of this complex and disturbing trend. Case studies of Ireland, Germany and Spain also highlight the impact of economic inequality on individual member states.
compared to children of blue-collar workers, in %
In this figure from Maurizio Franzini and Michele Raitano's Forum article Economic Inequality and Its Impact on Intergenerational Mobility, the impact of one's parents' occupation on one's own earnings – even after controlling for the children's education and occupation – is displayed. Click the image for more information.
The link between the rising inequality of American incomes and the unsustainable trends of household spending and debt that sowed the seeds of the Great Recession is often overlooked. This Letter from America details that connection, arguing that the excessive borrowing by those in the bottom 95% of the income scale fuelled pre-recession economic growth in America. Now the U.S. must find a new, more sustainable source of demand generation.
"Policy issues notwithstanding, a first step toward resolving the problem is to have a clear understanding that inequality in more than an issue of social justice."
from Barry Z. Cynamon and Steven M. Fazzari's Letter from America Rising Inequality, Recession and Slow Recovery: A Sad American Tale
Last year, the European Commission proposed a comprehensive reform of the EU's data protection rules. The proposed regulation has been surrounded by fierce controversy and has been the subject of frenzied lobbying by global corporations, industry groups, research centres and privacy campaigners on both sides of the Atlantic. This Forum applies cool economic reasoning to this heated issue. What are the potential economic benefits of EU harmonisation? Will the proposed regulation negatively impact the competitiveness and innovation of European firms in the global marketplace? Or could it jeopardise attempts to protect privacy as a fundamental right in civil societies?
by Philip Arestis, Malcolm Sawyer
by Maurizio Franzini, Michele Raitano, Gerhard Bosch, Tim Callan, Brian Nolan, Claire Keane, Michael Savage, John R. Walsh, Stéphane Bonhomme, Laura Hospido, Ive Marx
by Manfred Gärtner, Björn Griesbach, Giulia Mennillo
by Berend Diekmann
by Phedon Nicolaides
by Barry Z. Cynamon, Steven M. Fazzari
Vassilis Monastiriotis, Niamh Hardiman, Aidan Regan, Chiara Goretti, Lucio Landi, J. Ignacio Conde-Ruiz, Carmen Marín, Ricardo Cabral
Stéphanie Marie Stolz
Maurizio Franzini, Michele Raitano, Tim Callan, Brian Nolan, Claire Keane, Michael Savage, John R. Walsh, Gerhard Bosch, Stéphane Bonhomme, Laura Hospido, Ive Marx
Daniel Gros, Cinzia Alcidi, Michael Biggs, Thomas Mayer, Bart van Ark
Sue Maguire, Bart Cockx, Juan J. Dolado, Florentino Felgueroso, Marcel Jansen, Izabela Styczyńska, Elish Kelly, Seamus McGuinnes, Werner Eichhorst, Holger Hinte, Ulf Rinne