Global poverty is commonly measured by counting the number of people whose consumption falls below a given threshold.
This approach overlooks an enormous component of people’s economic well-being: public goods. 🧵 Existing measures of global poverty (e.g., World Bank) are based on household consumption = market value of all goods and services purchased by households.
These measures exclude public goods, since these goods are not bought on a market.
This has two implications.

Hugely excited to announce the publication of our article in @QJEHarvard!🤩 This paper is the outcome of a massive data collection effort that we started with @cmtneztt and @PikettyLeMonde in 2017.
A few takeaways on the evolution of political divides in Western democracies 👇 1/ The disconnection of income & educational divides. In the 1950s, left-wing parties were supported by both low-income & lower-educated voters. There has been a striking reversal of educational divides, leading to a separation between a "Brahmin left" and a "Merchant right".

So happy to see our article forthcoming at AEJ: Applied 🥳 This was the very first paper I ever worked on, quite a journey since we started collecting data in 2017 with @thomas_blncht and @lucas_chancel!
Here are five facts that we uncover about income inequality in 🇪🇺 and 🇺🇸: 👇 1/ Income inequality has risen faster in Eastern Europe than in Western/Northern Europe, but in no European country have top incomes boomed quite as fast as in the US.

Can redistributive policies successfully foster inclusive growth in emerging economies?
With @aroopc82 and @Leo_Czajka, we shed new light on this question by studying the case of South Africa, one of the most unequal countries in the world.🧵👇
🔗tinyurl.com/y3p36hdf This 🧵 is based on our new working paper, "Can Redistribution Keep Up with Inequality? Evidence from South Africa, 1993-2019".
Part of a broader project on inequality in 🇿🇦, including wealth inequality (tinyurl.com/kxmv8w2w) and wealth taxation (tinyurl.com/xuzb5shm).