We introduce the Global Consumption and Income Project (GCIP), which is developing two separate datasets (The Global Consumption Dataset (GCD) and The Global Income Dataset (GID)) containing an unprecedented portrait of consumption and income of persons over time, within and across countries,...

Using newly comprehensive data and tools from the Global Consumption and Income Project or CGIP, covering most of the world and five decades, we present a portrait of the changing global distribution of consumption and income and discuss its implications for our understanding of inequality,...

Using newly comprehensive data and tools from the Global Consumption and Income Project or CGIP, covering most of the world and five decades, we present a portrait of the changing global distribution of consumption and income and discuss its implications for our understanding of inequality,...

Samuel Bowles and Arjun Jayadev estimate that America devotes about a quarter of its labor force to conflicts over dividing up the pie rather than producing it--far more than other nations. Inequality may be among the reasons.

In this paper, we examine the labor market during the Great Recession and find some startling features underlying the stagnation and decline of 2007-10. The population in the labor force has stagnated while the population that is out of the labor force has grown sharply. For the first time since...

History shows that austerity does not work when economies are weakening. Some influential studies argue otherwise. These two writers show that the leading such study does not prove the point. If anything, the data show the very opposite. Do not try to cut deficits in recession or weak recovery.

We examine patterns of indebtedness in the Panel Study of Income Dynamics, focusing on the period surrounding the housing bubble and its aftermath (i.e. 1999-2009). Leverage increased most quickly among lower income households during this period. We findnd that leverage grew faster for...