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Comment on macroeconomic issues

This book by Charlotte Cavaill é  is forthcoming, so this post is based on this excellent podcast , which is well worth an hour or so of your time (and/or buy the book when it’s out).

Although inequality can be measured in many ways, here I want to focus on one particular measure: the share of income going to those at the top of the income distribution (1% or 0.1%). In the UK this started rising from the early 1980s to the mid-2000s, but it hasn’t risen significantly since then. (It rose from about 6% to around 15% for the 1%, and about 2% to around 6% for the 0.1%. Figures from this IFS paper , discussed here .) Yet when people are asked whether (see figure 2) “government should redistr

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