Forbes on Inequality

Brad De Long delong at econ.Berkeley.EDU
Thu Dec 9 16:28:53 PST 1999



>I was reading Forbes on a recent flight and ran across an article about
>inequality. Not surprisingly, it suggested that all the fuss over
>increasing income and wealth inequality was way overblown.
>
>The point was this - inequality has increased over the last decade or two
>solely due to immigration. This was based on a recent study by some
>academic economist (unfortunately I don't remember the name), who claims
>that if you remove recent immigrants and analyze the rest of the
>population, inequality has increased only slightly (they also claim that
>the immigrants are doing better too, but not only did they not give any
>evidence for this claim its beside the point), and that even the poor have
>gained economically.
>
>My question is - do they have a point? Or is this study the equivalent of
>the Bell Curve, junk numbers and analysis to "prove" and idoeological axiom?
>
>Brett

I thought it was junk...

Brad DeLong



More information about the lbo-talk mailing list