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(Op-Ed) Too entertaining to be true: Recent headlines declaring eight men are as wealthy as half the world misrepresent trends in inequality

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  • Amaral, Ernesto F. L.

    (Texas A&M University)

  • Price, Carter C.

Abstract

The headlines reporting on a recent study about the world's wealth were pretty irresistible: The world's eight richest men are as wealthy as the poorest half of the population. That was quite a jump from the 2016 report, when the anti-poverty organization Oxfam International said it took 62 people to manage this feat. But the measure they used presents a misleading view of trends in inequality. Global inequality has actually been on the decline while inequality within the developed world is increasing.

Suggested Citation

  • Amaral, Ernesto F. L. & Price, Carter C., 2017. "(Op-Ed) Too entertaining to be true: Recent headlines declaring eight men are as wealthy as half the world misrepresent trends in inequality," OSF Preprints tcx6a, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:tcx6a
    DOI: 10.31219/osf.io/tcx6a
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