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I think that what we are seeing with respect to economic equality is a Simpson paradox of sorts. Globally we are becoming more equal because globalisation is ca
by gordaco 6y ago
I think that what we are seeing with respect to economic equality is a Simpson paradox of sorts. Globally we are becoming more equal because globalisation is causing countries to come closer (maybe because developing countries are being benefitted from the law of comparative advantage? Not sure), but each individual country, and especially more developed countries, are suffering inequality growth.
- 082349872349872 6y agoI have been wondering lately what motivated Japan to join the Plaza Accord. (Germany seems clear: a strong DM made reunification cheaper) A hypothesis of mine is that the "Lost Decades" are only apparent aggregating over the GDP of JP, but that if we slice japanese society finer we would find that some japanese have indeed seen higher growth. Anyone have suggestions on how to go about checking this hypothesis?
- 082349872349872 6y agoaccording to https://eml.berkeley.edu/~saez/moriguchi-saezREStat08japan.pdf https://eml.berkeley.edu/~saez/moriguchi-saezREStat08japan.p... even affluent japanese didn't get much out of the lost decades. why did they sign?