This paper studies the effects of globalisation on the income share of the middle class. Our findings suggest that globalisation, proxied by the KOF Economic Globalisation Index, reduces the income share of the middle class. The income share of the poorest 20% also drops due to globalisation,...

In Asia inequality in income between countries is more important than inequality within countries. In Africa, Latin America, and western Europe and North America, by contrast, there are only small differences between countries; inequality within countries is more important. And when countries...

The most important question for social policy today is: can the United States participate in global trade while maintaining a robust middle class? Or does expanded global trade necessarily mean doom for the U.S. middle class and others in advanced industrial nations? This question might have...