Branko Milanovic gave the 2014 Summer Lecture
Branko Milanovic, Senior Scholar in the LIS Center and Visiting Presidential Professor at the CUNY Graduate Center, presented the 2014 LIS Summer Lecture: “Global Income Inequality: Current Trends, Issues of Justice and Politics.”
The presentation touched on issues regarding between- and within- country inequality, as well as the political implications of current trends in income inequality.
Data from Iceland are now available in the LIS Database
We are excited to announce that we have added a new country to the LIS Database. Three datasets from Iceland, IS04 (Wave VI), IS07 (Wave VII) and IS10 (Wave VIII), are now available. The datasets are from the Survey of Income and Living Conditions from Statistics Iceland.
Denmark 2007, 2010 added to LIS Database
Two new datasets from Denmark, DK07 (Wave VII) and DK10 (Wave VIII), have been added to the LIS Database. The datasets are from the Law Model of the Ministry of Economic Affairs and the Interior, which is based on data from Statistics Denmark.
In addition, DK95, DK00 DK04 (Waves IV- VI) have been revised for consistency.
Brazil 2009, 2011 added to LIS Database
Two new datasets from Brazil, BR09 and BR11 (both Wave VIII), have been added to the LIS Database. The datasets are from the 2009 and 2011 data of the National Household Sample Survey from the Brazilian Geographical and Statistical Institute.
In addition, BR06 (Wave VII) has been revised using updated Census weights.
Norway 2007, 2010 added to LIS Database
Two new datasets from Norway, NO07 (Wave VII) and NO10 (Wave VIII), have been added to the LIS Database. The datasets are from the 2007 and 2010 data of the Household Income Statistics from Statistics Norway.
In addition, NO95, NO00, and NO04 (Waves IV – VI) have been revised for consistency.
New York Times launches new site, The Upshot, with study based on LIS data
All of us at LIS are delighted that the New York Times (NYT) chose to launch their exciting new venture — The Upshot — with an extensive report, Losing the Lead, based on the LIS data. The Upshot, led by Pulitzer Prize winning economics journalist David Leonhardt, premiered today. The NYT report includes additional information about the data and a note on the process that led them to LIS.
At the request of the NYT, a team at LIS — Janet Gornick, Thierry Kruten, and Branko Milanovic — produced entirely new results, drawing on 164 LIS datasets from 23 countries, covering the period 1979 to 2010. The NYT-LIS study deals with the distribution and growth of household income across countries.
The detailed results underlying the NYT report are available in a new database, known as the “LIS/New York Times Income Distribution Database.” This database is for public use; if used it should be cited by its full name. All results are based on the standard LIS variable, disposable household income (DHI), which includes income from wages, self-employment, and capital, plus social transfers, minus direct taxes paid. Our team produced the results in three formats (per capita, per equivalent unit, per household) and in two different currency measures (national currencies and 2005 international dollars). As explained in their report, the NYT converted the 2005 international dollars to 2014 international dollars, using the U.S. Consumer Price Index.
The file contains five sheets:
2 income at different percentiles of the distribution, in national currencies
3 mean income by decile, in national currencies
4 income at different percentiles of the distribution, in 2005 international dollars
5 mean income by decile, in 2005 international dollars
[UPDATE] Video: Capital in the Twenty-First Century
16 April 2014
The French economist Thomas Piketty (Paris School of Economics) will present a lecture on his new book, Capital in the Twenty-First Century. In this landmark work, Piketty argues that the main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—threatens to generate extreme inequalities that stir discontent and undermine democratic values. He calls for political action and policy intervention. Joseph Stiglitz (Columbia University), Paul Krugman (Princeton University), and Steven Durlauf (University of Wisconsin–Madison) will comment. The event will be introduced and moderated by Janet Gornick and Branko Milanovic (Graduate Center, Luxembourg Income Study Center).
UPDATE: A full video of the presentation and discussion can now be found on YouTube:
Review of Income and Wealth, Co-Edited by Markus Jäntti
The most recent issue of the Review of Income and Wealth is a special issue focusing on poverty, development, and behavioural economics. This issue was guest edited by Ravi Kanbur (Cornell University), Jukka Pirttilä (University of Tampere), and LIS Research Director, Markus Jäntti. The issue features the published version of “Income Inequality, Redistribution and Poverty: Contrasting Rational Choice and Behavioural Perspectives” by Malte Luebker, for which he received the 2013 Aldi Hagenaars Memorial Award. Other topics covered in the edition include behavioral design, savings, social networks, contracts, cooperation, and inequality and poverty.
Paul Krugman to Join LIS Team
Dear LIS Colleagues and Friends,
It is with distinct pleasure that I am sharing exciting news from the LIS Center, our satellite office at the Graduate Center of the City University of New York (CUNY).
Noted American economist Paul Krugman, 2008 winner of the Alfred Nobel Memorial Prize in Economics, and a keynote speaker at the 2010 LIS Conference on Inequality and the Middle Class, will be taking up a position as Distinguished Scholar in the LIS Center, effective July 2014.
In August 2015, Professor Krugman will leave his current post as professor at the Woodrow Wilson School of Public and International Affairs at Princeton University and will join the faculty of the PhD Program in Economics at the Graduate Center. He will be nominated for the position of distinguished professor, CUNY’s highest honor.
Professor Krugman will be based in New York City and will continue both his biweekly opinion column in the New York Times, and his uncommonly popular New York Times-based blog, “The Conscience of a Liberal.” He announced his decision in a blog post today krugman.blogs.nytimes.com.
Paul Krugman’s appointment to the LIS Center underscores LIS’ and the Graduate Center’s engagement in the growing international public conversation about socio-economic inequality. Tony Atkinson applauded the news and invited me to share his excitement with you: “As President of LIS, I greatly welcome Paul Krugman’s attachment with the work of the LIS Center.” LIS founding director Timothy Smeeding was similarly pleased. “I know that Paul will make good use of the LIS data as he studies and writes about real world problems.”
Paul Krugman will join LIS’ growing roster of senior scholars, which now includes Professors Louis Chauvel and Conchita D’Ambrosio, at the University of Luxembourg, and Professor Branko Milanovic, based at the LIS Center in New York City. All of us at LIS are delighted to welcome him to the LIS team!
Mexico 2007, 2010 Added to LIS Database
Two new datasets from Mexico, MX07 (Wave VII) and MX10 (Wave VIII), have been added to the LIS Database. The datasets are from the Household Income and Expenditure Survey and are provided by the National Statistical Institute.
In addition, MX94, MX96, MX98 MX00, MX02, and MX04 (Waves II – VI) have been revised for consistency.