“Inequality is bad for economic growth and bad for poverty reduction. In the past researchers were not able to exactly quantify the effect of inequality in the context of economic shocks. This graph ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

Forbes contributors publish independent expert analyses and insights. Josie Cox is a New York-based journalist covering business and gender. Jan 14, 2025, 09:10pm EST The research comes just ahead of ...

Thousands of fast food workers took to the streets this week, staging strikes in protest over their low pay. In states where the minimum wage has not been raised above the federal level, if a worker ...

In Global Inequality, international economist Branko Milanovic offers a set of new frameworks for approaching income and wealth differences around the world and critiques of several established ones.

Journal of Applied Probability, Vol. 22, No. 4 (Dec., 1985), pp. 836-843 (8 pages) Let A1, A2, ⋯, An be events on a probability space. Denote by Sk the kth binomial moment of the number Mn of those ...

Income inequality theory is a lot like ancient astronaut theory, in that in order to believe in it, you have to disregard a lot of evidence to the contrary. Let's start with the most basic premise of ...