Debating Income Inequality: Discrepancies and Methodologies

This chapter explores the contentious debate surrounding income inequality measurement in the UK and US, highlighting significant discrepancies between various analyses. Economists are divided on the interpretation of income data, particularly regarding the share held by the top 1% and the role of tax reforms and capital gains in the inequality narrative. The discussion sheds light on the complexities of accurately assessing income distribution and the implications for understanding societal disparities.

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