Professor at EHESS & PSE
Co-Director, World Inequality Lab
inequalitylab.world | WID.world
http://piketty.pse.ens.fr/
Thomas Piketty
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In order to raise the resources necessary to finance sustainable convergence, as well as improve the living standards of lower- and middle-income groups (both in the Global South and North), it is inevitable to drastically reduce wealth and income inequality.
To cover the investment needs of the transition, the fund will be 20x larger than current development aid. Still, the flows from the Global North to the Global South are far from making up for historical climate and colonial damages caused by the North. That's why we'd need to scale up the platform.
Outsourced workers in low-skilled service jobs (cleaning, catering, security) in 🇫🇷 face a substantial earnings penalty—about 10 log points—persisting for up to 7 years after outsourcing, find @ulojkine.bsky.social & @oliviergodechot.bsky.social in new study.
More findings▶️ wid.world/news-article...
The current international order is plutocratic. In the IMF, rich countries have four times more voting rights than their population share, while poor countries have four times less. It is essential to move away from this plutocratic system to a new democratic order with a one-person one-vote order.
I am among the more than 350 signatories who have put their names to support the “roadmap for eradicating poverty beyond growth”. Read the opinion piece: www.theguardian.com/commentisfre...
This is the result of more than two years of research of 45 direct contributors and in continuation of many international initiatives and a much longer research tradition on inequality and the climate crisis.
Find report, website, research papers and more here: globaljusticeproject.wid.world
The key finding of the report is that energy transition alone will not suffice.
We need to combine it with "sufficiency" to stay within 2 degrees. This includes labour hour reductions, growth caps in rich countries, less material consumption, and changes in food habits.
📝New study by @nitin-k-bharti.bsky.social D. Blakeslee, & S. Malik shows that land inequality in rural India is extremely high: 👉The top 10% own 44% of land area
👉Historical institutions and the caste system also leave persistent effects on land distribution
More findings ▶️ wid.world/news-article...
We envision a new institution, the Global Justice Fund to finance this sustainable convergence path. The fund would raise revenue via global wealth and income taxes to be used for climate investments, expansion of health and education, and building up a World Sovereign Fund.
What would it take to achieve high prosperity and equality while remaining within planetary boundaries?
The World Inequality Lab is very excited to launch the #GlobalJusticeReport.
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Cutting hours through outsourcing Olivier Godechot and Ulysse Lojkine study the effects of on-site outsourcing of low-skilled service jobs (cleaning, catering, security) in France.
Land Inequality in India: Nature, History, and Markets In this paper, Nitin Kumar Bharti, David Blakeslee, and Samreen Malik study how agricultural suitability, historical institutions, and market acc...
