Measuring Income

Ask 100 users of demographics to name the 5 must-have variables they use in their analyses and income will almost always be listed. Ask those same users to define the term, and you will hear a stunning range of answers. In fairness, if you ask 100 economists to define...

Rethinking Poverty and Income Inequality

In recent years, we have been consistently told that income inequality is on the rise and that the war on poverty declared in the 1960’s has been a failure. The Economist magazine stated bluntly that “it is a truth universally acknowledged that inequality in the rich...