Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate Damages and Inequality Location: B128 Session Chair: Jannik Reinbold, Leipzig University | |
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Global Inequality by 2050: The Role of Redistribution and Climate Change 1: Paris School of Economics; 2: Sciences Po; 3: The World Bank, Washington DC This article investigates how national income convergence, redistribution, and climate change will shape the world distribution of income until 2050, using a novel source of data on global inequality before and after taxes. Despite ongoing convergence in national income, the global bottom 50% post-tax income share only marginally rises from 9.7% to 11.1% under "business-as-usual", while the top 1% share remains constant. Yet, if countries were to adopt the most effective redistribution policies implemented by the best performer in their respective region, the global bottom 50% income share could increase to over 17%. Redistribution of pre-tax incomes account for 70% of this increase, with the remainder due to post-tax redistribution. Climate change is set to exacerbate inequalities, potentially offsetting all the increase in the global bottom 50% share since 1980. | |