Rising income inequality has become a global trend. It is already well established that pronounced income inequalities not only constrain future growth potential but are also accompanied by unequal opportunities that have inimical social consequences. Income inequalities exhibit considerable...

COVID-19 has been a tragedy for California. More than 4 million Californians have contracted the disease, and over 64,000 have died from it. And beyond the cost of illness and death, the pandemic and the state’s actions to contain it have devastated California’s economy. Low-income and...

By monitoring the price changes experienced by some representative household, consumer price indices provide an important measure of changing purchasing power within a given economy. Group price indices offer one method of more accurately reflecting the inflation experiences of specific types of...

This country study evaluates the experience of the South African economy with respect to growth, poverty and inequality trends since the advent of democracy in 1994. The postapartheid government took a definite turn toward greater spending on social security, while job creation and a narrowing...

The objective of this study is to provide a comprehensive measure of shifts in welfare in post-apartheid South Africa by examining changes in both income and non-income welfare between 1993 and 2005. Previous research using expenditure or consumption-based measures of income has shown that,...

This is an overview of poverty and well-being in the first decade of post-apartheid South Africa. It is an introduction to a volume that brings together some of the most prominent academic research done on this topic for the 10-year review process in South Africa. This overview highlights three...

Using a constructed data series and another data series based on the All Media and Products surveys (AMPS), this paper explores trends in poverty and income distribution over the post-transition period. To steer clear of an unduly optimistic conclusion, assumptions are chosen that would tend to...

This Article examines property law’s effect on economic inequality, particularly centered on Thomas Piketty’s findings in Capital in the Twenty-First Century. Piketty finds that when the rate of return on capital is greater than economic growth, capital concentrates among the wealthy,...

Bangladesh has a unique model of development that stands out from the traditional unidirectional developmental pattern. Domestic microfinance institutions and international development organizations play a significant role in designing, financing, and scaling development strategies that meet...