Measuring Inequality: How We Do It Matters
4:00pm - 5:30pm
LOCATION: Anderson Academic Commons, room 290
Reception: 4:00 p.m.; Lecture: 4:30 p.m.
Measuring Inequality: How We Do It Matters, but There Is No Right Way to Do It
Presented by Markus Schneider, associate professor of economics
In 2014, in the aftermath of the financial crisis, Thomas Piketty’s Capital in the 21st Century put inequality back in focus as both a key issue of public debate and academic research. Insights brought to light by the work of Piketty and his collaborators became apparent due to a change in how inequality was being measured. Debates about how to assess inequality in a distribution are not new, however, nor has recent work settled them. This talk will compare different ways of measuring inequality, and what they reveal—or hide—about the evolution of the distribution of income.