Die Autoren sind als Wirtschaftsjournalisten für das Thema "Afrika-Boom" durch ihre langjährige Korrespondententätigkeit in China und Südafrika prädestiniert. Die 8 Kapitel des Buchs haben zwar Überschriften wie "Afrikas neue Mittelschicht", "Energielieferant", "Infrastruktur" oder "Vom...

The conventional narrative that the last generation has seen the rich get richer and the poor get poorer while the middle class gets hollowed out has serious flaws. First, the claims of growing inequality overlook data on income mobility. It is not the same households who are rich and poor each...

It is recognised that expressive preferences may play a major role in determining voting decisions because the low probability of being decisive in elections undermines standard instrumental reasoning. Expressive and instrumental preferences may deviate and in electoral settings it is more...

We analyze the intergenerational transmission of education in a three-generation sample of women from the US. The studied cohorts were born between the early 1910s and the early 1980s, a period of transformational increases in female educational attainment, making this an especially interesting...

87 percent of Canadians who in 1990 had incomes in the lowest quintile, in 2009 had incomes that placed them in higher quintiles. Of those in the highest quintile, 36 percent had moved to lower ones. All Canadians have been getting richer, the poor more than the rich; the middle class has not...

The traditional approach to poverty measurement puts no explicit weight on success at increasing the typical level of living of the poorest—raising the consumption floor. To address this deficiency, the paper defines and measures the expected value of the floor, allowing for transient effects...