Research on Economic Inequality, Volume 22 begins with papers of widespread interest on the impact of the Great Recession. The first paper addresses the impact of "asset meltdown" on the wealth of the US middle class, with disparate racial and ethnic impacts. The second studies poverty and
inequality in the US in the aftermath of the Great Recession. The next topic is on the evolution of poverty and inequality in the world. One paper proposes a new methodology to measure global poverty and inequality, while the second analyzes the importance of considering not only the desperately
poor but also those just above the subsistence level. Great interest for inequality researchers lies on the use of wealth data. Two approaches to this issue are presented. Firstly, several papers study wealth inequality directly. Secondly, a paper uses annuitized wealth data to augment the income
measure of economic well-being. An emerging field in the study of economic well-being is the use of self-reported status and perceptions data. Three papers employ this type of data, investigating happiness inequality, perception of income inequality, and the existence of a "Great Gatsby Curve" for
job mobility.
This book is about the courageous decision taken by the Government of a Ceara, Brazil, to tackle the painful economic and social conflict caused by the enormous gap between rich and poor. Instead of confining their attempts to easy solutions like transfer payments, the Governor of the State, Tasso
Ribeiro Jereissati, decided in 2001 to cut straight into the roots of the problem, aiming to develop a genuine understanding of the conflict between growth and distribution, and thereby provide real, long-term solutions to the state's problems. Pedro Sisnando Leite, then Secretary of Rural
Development, led this effort together with other state secretaries, particularly Monica Clark Nunes Cavalcante, Carlos Matos Lima and Alex Araujo.The book presents the results of a unique harmonic integration between academic research, public policy elaboration, and concrete implementation of public
measures. The policies devised, implemented and evaluated in this book are focused on potential solutions to this market failure, at both the regional level and the local level. Studied and endorsed by many academics and policy makers around the world, the model of Ceara provides a unique and
exemplary solution to conflict and inequality.