Inequality and its discontents

11 July 2019

Oxford Review of Economic Policy

Brian Nolan, Luis Valenzuela


Inequality in the distribution of income and wealth has come to the fore as a core concern across the industrialized world. Here we examine what has happened to income inequality across the rich countries in recent decades. We discuss the range of factors that appear to be driving inequality upwards, notably the role of technological change, globalization, and national institutions and policies.