Rising Income Inequality: Causes and Consequences
The Department of Economics and the Center for Peace and Global Citizenship presented the fourth annual economics alumni forum, a panel discussion on Rising Income Inequality: Causes and Consequences.
Since 1980, the richest 20% of American families have experienced a growth rate in income three times the growth rate of the second richest 20% and 6 times the growth rate of the bottom 20%. Panelists Tim Taylor '82, managing editor of the Journal of Economic Perspectives and author of Principles of Economics: Economics and the Economy, and Jane Dokko ‘98, economist at the Federal Reserve Board, served as panelists discussing the causes and consequences of this alarming trend. Rebecca Saxton-Fox ’06, a student in International Affairs at Columbia University, served as moderator.