“What has happened is not that capital income trickled down, but that labour income ‘trickled up’” – @brankomilan.bsky.social on how income from capital remains a privilege of the few in our latest blog post #LSEInequalitiesBlog Read the post here: buff.ly/BEs46q0

The latest World Bank data counts 125 million more people as living in extreme poverty — but the world has not gotten poorer.

Episode five of Antisocial Economics is out now! @wealtherty.bsky.social talks to Professor Adrian Sinfield about the hidden world of tax expenditures, and why we know so little about a huge government expenditure that benefits higher income earners the most.

Just published in @jpube.bsky.social: "Old money: Campaign finance and gerontocracy in the United States" By @adambonica.bsky.social & @jakemgrumbach.bsky.social www.sciencedirect.com/science/arti... #econsky #publiceconomics

An international call for action just got louder: Today, 7 Nobel Laureates have issued a powerful call for a minimum tax on the ultra-wealthy in Le Monde Here’s a quick breakdown of the debate—and where things stand globally 🧵 www.lemonde.fr/en/opinion/a...

On my way to #ISPP2025 in Prague! Very excited for our symposium on Saturday at 3:10PM arranged by @fransolmar.bsky.social: “Unpacking support for redistribution: Psychological mechanisms and interventions” Feel free to reach out if you want to meet up for a coffee and chat!

I dag træder et nyt kontanthjælpssystem i kraft. Forskning viser at Kontanthjælpsreformen i 2002 med nettofald i indkomst for de fattigste på 30% (starthjælp) betød mere fattigdom, børn der trivedes dårligere, fik dårligere karakterer, kortere uddannelse, mindre i job, lavere indkomst som voksne.

You’ve seen this movie before: Maybe Reagan guessed, Bush hoped, and Trump tried—but tax cuts never paid for themselves. Given the mountain of evidence, claiming once again that "tax cuts will pay for themselves" is no longer ideologically motivated optimism. It's a lie.

Trickle up economics

If you took the $1.1 trillion earned by just 100 billionaires last year and mailed every household a check, it'd be $8,700 each. The thing is most billionaires don't actually pay taxes anymore. What the GOP bill is really doing is selling off public lands and cutting Medicare to pay off oligarchs.

Okay this is getting ridiculous. In addition to the ongoing problems with the UK’s Labour Force Survey, the Wealth and Assets Survey (key source for measuring wealth inequality) has now also had its accreditation revoked due to falling response rates. osr.statisticsauthority.gov.uk/news/osr-sus...

Fellow European researchers, if at all in your power, try to get your school to consider late applicants who were admitted to US programs. Hearing from many cases of admitted to top US schools who last minute realize they won't be allowed in the country.

“I Netflix-serien ‘Reservatet’ ses ekstrem rigdom - næsten eksotisk for Danmark. Men eksistensen af en superrig dansk elite er mere virkelig end nogensinde.” 25 reformer har medvirket til øget ulighed: Socialdemokratiet stemt for 12, DF/Konservative for 21, Venstre for 23 www.mm.dk/velfaerd/art...

What do tax cuts for the rich do? They increase inequality. They have no effect on economic growth or unemployment. "Our results provide strong evidence against the influential political–economic idea that tax cuts for the rich ‘trickle down’ to boost the wider economy."

1. After getting some further insight into changes at NSF (thanks to those who reached out), I deleted a previous post where I tried to make sense of Cheatham's memo as reported in the Science story below.

‼️If you haven't seen the call already, this is your reminder‼️ 3-year postdoc in computational social science at Aarhus University to study societal norms about political power 🫅 I'll be @comptext.bsky.social in Vienna (April 24-26) if you want to meet up and hear more about the position ☕🗣️

My brilliant postdoc, @fransolmar.bsky.social, recently published experimental evidence suggesting that perceived inequities in health and education can drive support to reduce economic inequality. Really cool work!

New paper “Basis functions for complex social decisions in dorsomedial prefrontal cortex” in @nature.com led by @mkwittmann.bsky.social with many others. We show basis functions code relations between people, similar to their role in other perceptual and motor domains www.nature.com/articles/s41...

Want to learn about computational social science *for free* and launch interdisciplinary research projects? We are so excited to announce there will be *26* Summer Institutes in Computational Social Science this year! Apply to one of them here: sicss.io/locations

Every scientist, long before they were a scientist, was a little kid who stood in front of a fish tank or stared up at the stars or turned over a rock to look at the bugs underneath and said “wow”. On the best days, working in science still feels like that.

Our new study was just published in Nature! In Michigan, we find a large and persistent racial excellence gap over time. Socio-economic status explains one-third of the racial disparity in top academic achievement while school factors only explain about 1/10th. www.nature.com/articles/s41...

Instruktøren for kryolit-dokumentaren tager til genmæle i P1 Orientering - men svarene er langt fra overbevisende: www.dr.dk/lyd/p1/p1-or... For mig at se er dokumentaren et eksempel på misinformation, som det oftest praksiseres i politik og på sociale medier. 🧵 (1/4)

Does poverty lead to risk taking or risk avoidance? Turns out, to both. Our new paper (with D. Nettle & W. Frankenhuis) in @royalsocietypublishing.org explains why, and conducts preregistered tests of our ‘desperation threshold’ model. royalsocietypublishing.org/doi/10.1098/... A 🧵

The tariffs are mad; but what’s equally mad is that they somehow come as a surprise, when Trump has campaigned non-stop on this and controls all branches of government Precious time has been lost, but it’s not too late for countries to mount an effective response 1/x

'We Need a New Global Measure for Poverty' Four months ago, I made this proposal in the New York Times. I think with this 'gift article' link you can read it without being a subscriber: www.nytimes.com/interactive/...

Check out our new paper just out in Journal of Management

Have you ever wondered why organizational research findings do not always seem applicable to practical contexts or the most urgent challenges of our time? New paper out 🙃 👉 tinyurl.com/376ueann @celbaek.bsky.social Panagiotis Mitkidis @anisha0singh.bsky.social @quinettaphd.bsky.social

📣 Call for Papers: submission deadline 14 Mar Workshop on the Economics of Taxation 🗓️ 3-4 June 📍Barcelona Topics: #CorporateTax, inequality, #OffshoreWealth & more Keynotes: @dinapomeranz.bsky.social (University of Zurich) & Youssef Benzarti (UC Santa Barbara) 👉 taxobservatory.eu/event/worksh...

Very proud to have been a part of this! Kudos to the core team for pulling off such a massive project!

Economic growth that just enriches one group greatly and generates only small benefits for many other groups is not shared prosperity.

Do family background shape exposure to life cycle earnings volatility? With the beyond outstanding @filippogch.bsky.social, I have paper forthcoming in Social Forces that addresses this question with brother correlations in volatility exposure in Denmark, Germany, and the U.S. #sociology

Fascinating recent work highlighting that "...the larger the share of national income and wealth going to the top one percent and top 10% of the population, the more likely the democracy is to erode." www.pnas.org/doi/10.1073/...

Workshop opportunity this May in Berlin With @celbaek.bsky.social, Janis Zickfeld and Zoe Rahwan, we are organizing an EASP Group Meeting on The Future of Behavioral Ethics: Social Perspectives on Dishonesty @easpinfo.bsky.social More info: www.easp.eu/news/itm/eas... Deadline: 31st of Jan

Interested in social perspectives on dishonesty? We are organising a EASP group meeting on the future of behavioral ethics, in Berlin in May. We invite researchers of all career stages to present their work on dishonesty. You can find all info here: www.easp.eu/news/itm/eas...

This year, 10 U.S. billionaires gained $787B in wealth. That's nearly 4X more than the $214B earned annually by all 3.2M U.S. public school teachers combined. In fact, more wealth went to a *single person* than to all teachers combined. Is that fair? This is what extreme wealth costs society.

New publication! When is it fair to tax the rich? I ask what attributes of the rich (hard worker, charitable, from modest background, treats workers well, etc) affect support for taxing the rich. (1/2) doi.org/10.1177/0010...