
We’re Bad at Measuring Inequality—Here’s Why That Matters
HBR IdeaCast
Understanding Perceptions of Economic Inequality
This chapter explores the complexities surrounding public perceptions of economic inequality and their impact on policy support. It reveals how individuals misperceive their income rankings relative to others, leading to biases that can influence personal views on fairness and economic policy. By merging comprehensive data sets with surveys, the chapter emphasizes the importance of awareness regarding income distribution to foster informed decision-making in addressing economic issues.
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