Panel discussion: Inequality - facts and consequences
Oct
28
04:00 PM - 05:15 PM
Video
Panel session
Research insights on economic inequality and its consequences take center stage in this discussion panel, bringing together three experts with multiple perspectives. While Branko Milanovic’s historical data show that the rise of Asia has led to a decrease in global inequality in the past decade and that the growth of the global top 1% has slowed down in recent years, the discussants agree that overall, inequality is still very high. Janet Currie argues that there is too much inequality, when there is a privileged group that can separate itself from a deteriorating public service, say through private hospitals or schools. David Dorn emphasizes that the threshold - when inequality is clearly harmful - is reached when some large income groups cannot profit anymore from the overall growth in the country, like currently in the US. Finally, they discuss whether the corona pandemic will increase inequality or whether it might even accelerate the progressive reduction of global inequality.
Janet Currie is a pioneer in the economic analysis of child development. Her current research focuses on socioeconomic differences in health and access to health care, environmental threats to health, the important role of mental health, and the long-run impact of health problems in pregnancy and early childhood.
David Dorn’s research spans the fields of labor economics, international trade, political economy, and macroeconomics. He leads the new University Research Priority Programs (URPP) Equality of Opportunity at the University of Zurich. The program aims to investigate the economic and societal changes that give rise to inequality. The researchers involved in the program will also analyze concrete legal frameworks and political measures that help to increase equal opportunities for all members of a society.
Branko Milanovic’s main area of work is income inequality, in individual countries and globally, as well as historically, among pre-industrial societies (Roman Empire, Byzantium, and France before the Revolution), and even inequality in soccer. He has published a number of articles on the methodology and empirics of global income distribution and the effects of globalization.
Research insights on economic inequality and its consequences take center stage in this discussion panel, bringing together three experts with multiple perspectives. While Branko Milanovic’s historical data show that the rise of Asia has led to a decrease in global inequality in the past decade and that the growth of the global top 1% has slowed down in recent years, the discussants agree that overall, inequality is still very high. Janet Currie argues that there is too much inequality, when there is a privileged group that can separate itself from a deteriorating public service, say through private hospitals or schools. David Dorn emphasizes that the threshold - when inequality is clearly harmful - is reached when some large income groups cannot profit anymore from the overall growth in the country, like currently in the US. Finally, they discuss whether the corona pandemic will increase inequality or whether it might even accelerate the progressive reduction of global inequality.
Janet Currie is a pioneer in the economic analysis of child development. Her current research focuses on socioeconomic differences in health and access to health care, environmental threats to health, the important role of mental health, and the long-run impact of health problems in pregnancy and early childhood.
Janet Currie, Princeton University
David Dorn, University of Zurich
Branko Milanovic, City University of New York Graduate Center
Program overview
| Research slam: (In-)Equality and prosperity |
Wednesday, 21.10.2020 | 16:30–17:30 (CET) Moderator: Nir Jaimovich Speakers: participants as listed |
| Panel session: Inequality - facts and consequences |
Wednesday, 28.10.2020 | 16:00–17:15 (CET) Moderator: James Mackintosh Speakers: Janet Currie, David Dorn, Branko Milanovic |
| Webinar: Taxing the superrich |
Tuesday, 3.11.2020 | 16:00–17:00 (CET) Speaker: Florian Scheuer |
| Keynote lecture: Inequality and the future of capitalism |
Wednesday, 11.11.2020 | 18:00–19:00 (CET) Speaker: Nobel Laureate Sir Angus Deaton |
| Research slam: (In-)Equality and prosperity |
Wednesday, 21.10.2020 | 16:30–17:30 (CET) Moderator: Nir Jaimovich Speakers: participants as listed |
| Panel session: Inequality - facts and consequences |
Wednesday, 28.10.2020 | 16:00–17:15 (CET) Moderator: James Mackintosh Speakers: Janet Currie, David Dorn, Branko Milanovic |
| Webinar: Taxing the superrich |
Tuesday, 3.11.2020 | 16:00–17:00 (CET) Speaker: Florian Scheuer |
| Keynote lecture: Inequality and the future of capitalism |
Wednesday, 11.11.2020 | 18:00–19:00 (CET) Speaker: Nobel Laureate Sir Angus Deaton |
Forum for Economic Dialogue
Special times call for special measures. That is why our annual forum this year took place online. Despite the change in format, we had sought to maintain our customary standards. We had a series of events in store, focusing on different aspects of inequality – a topic that has become even more important in light of the global pandemic and its devastating consequences, which has hit many of the most vulnerable people in the world particularly hard. Visit our event hub for timely updates and background information.
Special times call for special measures. That is why our annual forum this year took place online. Despite the change in format, we had sought to maintain our customary standards. We had a series of events in store, focusing on different aspects of inequality – a topic that has become even more important in light of the global pandemic and its devastating consequences, which has hit many of the most vulnerable people in the world particularly hard. Visit our event hub for timely updates and background information.
Speakers
Janet Currie is a pioneer in the economic analysis of child development. Her current research focuses on socioeconomic differences in health and access to health care, environmental threats to health, the important role of mental health, and the long-run impact of health problems in pregnancy and early childhood.
UBS Foundation Professor of Globalization and Labor Markets, Research Fellow CEPR
David Dorn received his doctorate from the University of St. Gallen in 2009. His work studies the impact of globalization and automation on the labor market and society. He showed that rapidly rising import competition from China had more profound impacts on the U.S. labor market than was previously assumed. The relative decline of employment and wages in trade-exposed locations is also associated with decreasing marriage rates, rising drug mortality, and increased electoral support for politicians with non-moderate ideologies. In other work, he studies how the automation of routine labor and the rise of superstar firms have contributed to various facets of inequality. David’s work has been cited in thousands of academic papers and hundreds of newspaper articles.
Branko Milanovic’s main area of work is income inequality, in individual countries and globally, as well as historically, among pre-industrial societies (Roman Empire, Byzantium, and France before the Revolution), and even inequality in soccer. He has published a number of articles on the methodology and empirics of global income distribution and the effects of globalization.
James Mackintosh is a senior columnist at The Wall Street Journal (WSJ). He joined the WSJ in 2016, after almost 20 years at the Financial Times, most recently as Investment Editor and writer of the Short View column. He is a graduate of St Catherine's College, Oxford, where he gained a first-class degree in Philosophy and Psychology.
Janet Currie is a pioneer in the economic analysis of child development. Her current research focuses on socioeconomic differences in health and access to health care, environmental threats to health, the important role of mental health, and the long-run impact of health problems in pregnancy and early childhood.
UBS Foundation Professor of Globalization and Labor Markets, Research Fellow CEPR
David Dorn received his doctorate from the University of St. Gallen in 2009. His work studies the impact of globalization and automation on the labor market and society. He showed that rapidly rising import competition from China had more profound impacts on the U.S. labor market than was previously assumed. The relative decline of employment and wages in trade-exposed locations is also associated with decreasing marriage rates, rising drug mortality, and increased electoral support for politicians with non-moderate ideologies. In other work, he studies how the automation of routine labor and the rise of superstar firms have contributed to various facets of inequality. David’s work has been cited in thousands of academic papers and hundreds of newspaper articles.
Branko Milanovic’s main area of work is income inequality, in individual countries and globally, as well as historically, among pre-industrial societies (Roman Empire, Byzantium, and France before the Revolution), and even inequality in soccer. He has published a number of articles on the methodology and empirics of global income distribution and the effects of globalization.
James Mackintosh is a senior columnist at The Wall Street Journal (WSJ). He joined the WSJ in 2016, after almost 20 years at the Financial Times, most recently as Investment Editor and writer of the Short View column. He is a graduate of St Catherine's College, Oxford, where he gained a first-class degree in Philosophy and Psychology.