Which model is best in delivering prosperity for its citizens? If we group countries with similar institutional settings are grouped together, can we see differences in median household income GDP per capita, or inequality? In a new working paper, we find remarkably wide variation across OECD countries in recent decades in economic performance. This variation is also seen within the liberal and coordinated market economy models distinguished in the varieties of capitalism literature, as well as within the welfare regimes commonly employed in welfare state analysis, with little difference between them in average growth rates.
In a new LIS working paper publication, written together with Brian Nolan, Lane Kenworthy, Max Roser, and Tim Smeeding, we show that there are striking differences across OECD countries in how “ordinary” households have fared from around 1980 through the Great Recession. Economic growth and inequality together leave much of the variation in the income position of these households unaccounted for, so direct measures of how these incomes in the middle of the distribution are evolving need to be central to monitoring progress towards inclusive growth.
Two new pieces I wrote are now online; one chapter on healthcare expenditures and budgeting in the Netherlands in an edited OECD book, and a book review on CES CritCom of Tony Atkinson’s “Inequality: What can be done?” (2015, Harvard University Press).
The benefits of economic growth over the past few decades have not been shared equally among households in developed countries. In this video I talk about two chapters in my dissertation on determinants and political and economic consequences of income inequality and social policy development in affluent countries, which I’ll be defending the 29th of September in Leiden, the Netherlands.