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Shocks, Frictions, and Inequality in US Business Cycles (VoxEU, 7 min read) Business cycles, and the associated policy response, account for half of the increase in US wealth inequality between 1980 and 2015 and almost all of the increase in income inequality. More expansionary fiscal policy following the financial crisis would have lowered wealth inequality.
Is Basic Income a Good Idea? Here’s What the Evidence From Around the World Says (The Conversation, 4 min read) A review of studies on past basic income schemes in North America shows reduced working by women and single parents but little change for men. Health outcomes were little changed.