This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be...

This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be...

In this article, we show the evolution of inequality for the largest economies of the Latin American region in the 21st century, with separate consideration of income and wealth. We analyse the drivers of the changes in inequality and possible underlying causes, including the role of the new...

Harmonised microdata show a Gini coefficient for per capita total income of 45.3 percent in China 2002 and 33.6 percent in Russia 2003. A much larger urban to rural income gap in combination with a much smaller proportion of people living in urban areas in China are important reasons for this...

The paper looks at the persistence of egalitarian norms in post-Communist societies by focusing on the former members of the Communist parties in Central and Eastern Europe (CEE) and Russia and their children. Using the individual-level survey data, we show that there are striking differences...

In this article, we show the evolution of inequality for the largest economies of the Latin American region in the 21st century, with separate consideration of income and wealth. We analyse the drivers of the changes in inequality and possible underlying causes, including the role of the new...

We analyze the pattern of occupational change over the last two decades in Britain, Germany, Spain and Switzerland: which jobs have been expanding – high-paid jobs, low-paid jobs or both? Based on individual-level data, we examine what hypothesis is most consistent with the observed change:...

The paper looks at the persistence of egalitarian norms in post-Communist societies by focusing on the former members of the Communist parties in Central and Eastern Europe (CEE) and Russia and their children. Using the individual-level survey data, we show that there are striking differences...

Changes in inequality of yearly earnings can arise from changes in the distribution of lifetime earnings (permanent changes) and changes in the stability of earnings (transitory changes). Past research has found increases in both components in the United States over the past several decades. We...

This paper aims first of all to explore the social sustainability and the quality of economic growth in a sample of 50 Emerging and Transition Economies (ETEs), which are countries experiencing a process of fast growth and institutional change in most cases. Through a series of cross-country...