From new research on the Great Recession, still more evidence that maldistributions of income and wealth really matter.
The Great Recession has widened the gap between the developed world’s affluent and everyone else, details a new report from researchers at the Paris-based OECD. In fact, inequality increased more in the three years after the global crisis first hit in 2007 than in the previous 12 years.
Great economic cataclysms have in the past knocked the super rich off their stride. Our Great Recession’s deep pockets, new income data show, are bucking the historical tide.