«Why is Europe More Equal Than the US?»
New work with @thomas_blncht & @amorygethin 🚨
We show that European countries and Europe as a whole are more equal than the US
The question is: why?
We take a fresh look at this 👇🏼
1/4
New work with @thomas_blncht & @amorygethin 🚨
We show that European countries and Europe as a whole are more equal than the US
The question is: why?
We take a fresh look at this 👇🏼
1/4
2/4 According to the standard view, EU countries *redistribute* more than the US and that’s why Europe is more equal
In fact, this isn’t quite right
As you can see in the graph below, low income groups (in black) don’t get more from redistribution in Europe than in the US👇🏼
In fact, this isn’t quite right
As you can see in the graph below, low income groups (in black) don’t get more from redistribution in Europe than in the US👇🏼
3/4
In fact, the poor & the middle class in the EU are relatively richer than in the US, *before* receiving social transfers
👉🏼 the EU is more equal mainly thanks to «predistribution» (the mechanisms that determine your income before taxes/transfers) and not «redistribution»
In fact, the poor & the middle class in the EU are relatively richer than in the US, *before* receiving social transfers
👉🏼 the EU is more equal mainly thanks to «predistribution» (the mechanisms that determine your income before taxes/transfers) and not «redistribution»
4/4
How has the EU managed to ensure a fairer predistribution of incomes *so far*?
The role of public services & free access to education/health is key; to finance them, you also need a fair amount of taxes
More in the paper!
wid.world/news-article/w…
How has the EU managed to ensure a fairer predistribution of incomes *so far*?
The role of public services & free access to education/health is key; to finance them, you also need a fair amount of taxes
More in the paper!
wid.world/news-article/w…
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