5 Mar 2017, 9:50pm
Data visualizations Laws and policies
by ptdriscoll
Comments Off on What drives income inequality?
Data visualizations Laws and policies
by ptdriscoll
Comments Off on What drives income inequality?
What drives income inequality?
If we agree that too much wealth in the hands of too few stymies the economy, and even democracy, what do we do?
With the middle class losing ground despite healthy corporate profits, politicians and pundits gladly harp on tax rates, migrant populations and other soft targets to prescribe solutions for growing income disparities.
I decided to see what the data says.
Using World Bank datasets, I analyzed more than a dozen factors to see how they might relate to income distribution, defined here as share of income held by a country’s top 10 percent of earners.