2023 Income and wealth inequality: drivers and consequences Conference

Income and wealth inequality: drivers and consequences

September 27-29, 2023

Description

The conference aims to introduce the scientific community to the latest scientific inquiries on inequality in the context of cross-country comparative research to better understand the of nature of income and wealth inequality by asking two fundamental questions: “What drives inequality?” and “What are the consequences of economic and social inequality?”

Since economic inequality is a complex problem, this conference brings together scholars representing various social science disciplines that deal with broadly defined research topics, to name a few, inequality trends, intergenerational inequality, and gender inequality in combination with the institutional and socio-demographic context, such as labor market, pensions, education, or inheritances. During this conference, we will also discuss the impact of the crisis on inequality and assess social and fiscal policies.

The organizing and scientific committees invited scholars to present the latest research developments on income and wealth inequality from a theoretical, historical, and comparative perspective, elaborate on the role of public policy, progress in the evolution of inequalities, and understand the economic and social consequences of increasing inequalities.

The conference brings together young and experienced scholars from four continents: North and South America, Asia, and Europe. The conference begins with a workshop for young researchers on software and techniques for inequality measurements and analysis that introduces machine learning for analyzing economic inequalities. Additionally, representatives from academia meet with policymakers during the panel titled “The Bridge between Research and Economic Policy.” The conference will have an inaugural speech and four keynote lectures from prominent scholars representing various streams of inequality and poverty research.

The Best Paper Award and the Best Poster Award were given in recognition of outstanding research presented at the conference. The Best Paper Award went to Benjamin Tippet (University of Greenwich) for his work “Finding Fortunes: A New Methodology to Estimate Missing Wealth in Survey Data.” The Best Poster Award was received by a doctoral student from the University of Warsaw, Ivan Skliarov, for his scientific work titled “Does Reckless Risk or Careful Planning Make Households Wealthy? A study of the US based on the Luxembourg Wealth Study database.”

Conference Programme

The conference programme is available here.

Invited Policy Roundtable participants and Keynote Speakers (in alphabetic order)

• Daniele Checchi, University of Milan
• Martin Evans, Overseas Development Institute (ODI) and OPHI, University of Oxford
• James E. Foster, The George Washington University & OPHI, University of Oxford
• Michael Förster, Sciences Po Paris
• Susan Harkness, University of Bristol
• Peter Lanjouw, Vrije Universiteit Amsterdam & Luxembourg Income Study (LIS)
• Branko Milanovic, City University of New York & Stone Center on Socio-Economic Inequality
• Dariusz Rosati, Deputy of Polish Sejm (former Minister of Foreign Affairs of Poland)
• Joanna Tyrowicz, University of Warsaw & Member of the Monetary Policy Council
• Philippe Van Kerm, University of Luxembourg & Luxembourg Institute of Socio-Economic Research (LISER)

Available Presentations

Day two – Thursday 28th September

PARALLEL SESSIONS 1

1A – Consequences of Household Debt

1. Consumption Responses to Financial Liberalization: Evidence from Survey Data.
   Cristina Barceló (Bank of Spain) and Ernesto Villanueva (Bank of Spain)
2. The Mortgage Piggy Bank, Saving Behavior and the Wealth Distribution in Euro Area Countries.
   Luis Teles Morais (Nova University Lisbon)
3. Is There a Trade-off between Housing and Pension System Generosity? Empirical Evidence from the Luxembourg Wealth Study.
   Edyta Marcinkiewicz (Lodz University of Technology) and Filip Chybalski (Lodz University of Technology)

1B – Impact of Crises on Inequality and Poverty, and Policy Responses

1. Energy Inflation and Consumption Inequality.
   Luca Bettarelli (University of Palermo), Julia Estefania-Flores (IMF), Davide Furceri (IMF/University of Palermo), Prakash Loungani(Johns Hopkins University), and Pietro Pizzuto (University of Palermo)
2. The Interplay between Wealth and Human Capital Inequality – Implications for the UK’s post-Covid19 recovery.
   Max Schroeder (University of Birmingham)
3. The Impact of COVID-19 on Poverty and Income Inequality in the European Union: A Multidimensional Analysis.
   Tomasz Panek (Warsaw School of Economics) and Jan Zwierzchowski (Warsaw School of Economics)

PARALLEL SESSIONS 2

2A – Gender Inequality and Work Arrangements

1. The Importance of Pension Rights Adjustment After Divorce in Women’s Wealth Accumulation.
   Eva Sierminska (Luxembourg Institute of SocioEconomic Research, DIW, IZA, and GLO)
2. Matching it up: Non-Standard Work and Job Satisfaction.
   Katarzyna Bech-Wysocka (University of Warsaw and FAME|GRAPE), Magdalena Smyk (University of Warsaw and FAME|GRAPE), Joanna Tyrowicz (University of Warsaw and FAME|GRAPE), Lucas van der Velde (University of Warsaw and FAME|GRAPE)

2B – Drivers of Income Inequality

1. Evidence and Drivers of Income Polarization in Italy: A Relative Distribution Analysis Using Recentered Influence Function Regressions.
   Fabio Clementi (University of Macerata) and Michele Fabiani (University of Macerata)
2. Diverging Cost of Living.
   Balázs Zélity (Wesleyan University)
3. Causes of Rising Income Inequality in OECD Countries.
   Danijela Lazovic Vukovic (University of Ljubljana) and Jože P. Damijan (University of Ljubljana)

Poster Session 1

1. Reducing Income Inequality Through Public Expenditures on Education.
   Piotr Płatkowski (Gdańsk University of Technology)
2. Opportunities Across the Life-Cycle: Earnings Profiles and Inequality of Opportunity.
   Fabian Reutzel (Paris School of Economics)

PARALLEL SESSIONS 3

3A – Intergenerational Inequalities

1. What we Brought with us and what we Achieved. Decomposition of Income Inequality in European Countries by Social Origin and Other Factors.
   István György Tóth (TÁRKI Social Research Institute) and Ábel Csathó (TÁRKI Social Research Institute)

3B – Developments in Inequality Measurement: Income and Wealth

1. Bipolarisation Measurement: A Two-Income Approach with an Application to Nine Sub-Saharan African Countries.
   Florent Bresson (Université Clermont Auvergne,CNRS, IRD, CERDI), Marek Kośny (Wroclaw University of Economics), and Gaston Yalonetzky (University of Leeds, OPHI, III)
2. When do the Parameters of Aversion to Income Inequality and Aversion to Rank Inequality Provide the Same Social Welfare Assessments? The Theory and Empirical Evidence from the Luxembourg Income Study.
   Stanislaw Maciej Kot (Gdańsk University of Technology) and Piotr Paradowski (Luxembourg Income Study (LIS) and Gdańsk University of Technology)
3. Finding Fortunes: a New Methodology to Estimate Missing Wealth in Survey Data.
   Ben Tippet (University of Greenwich), Rafael Wildauer (University of Greenwich), and Ozlem Onaran (University of Greenwich)

PARALLEL SESSIONS 4

4A – Education, Labor Markets and Inequalities

1. How did Bologna Reforms Affect Returns to Higher Education? New Comparative Evidence using LIS Data.
   Ulrike Schwabe (German Centre for Higher Education Research and Science Studies (DZHW))and Petra Sauer (LISER and Luxembourg Income
   Study (LIS))
2. Is the Gini Coefficient Enough? A Microeconomic Data Decomposition Study.
   Łukasz Goczek (University of Warsaw) and Ivan Skliarov (University of Warsaw)

4B – Determinants and Consequences of Wealth Accumulation

1. Rethinking Global Wealth Inequality
   The Role of Human Capital
   Olle Hammar (IFN Stockholm, Institute for Futures Studies, IZA and Uppsala Immigration Lab) and Daniel Waldenström (IFN Stockholm, CEPR, CESifo, IZA and World Inequality Lab)
2. To What Extent does Where People are Born Account for Income and Wealth Inequality in China?
   Dongyuan Mu (University of Tokyo)

Day three – Friday 29th September

PARALLEL SESSIONS 5

5A – Determinants and Consequences of Wealth Accumulation

1. Wealth Creators or Inheritors? Unpacking the Gender Wealth Gap from Bottom to Top and Young to Old.
   Charlotte Bartels (DIW, IZA, and UCFS), Eva Sierminska (Luxembourg Institute of Socio-Economic Research, DIW, IZA, and GLO) and Carsten Schröder (DIW and Freie Universitaet Berlin)
2. Rising Longevity and US Wealth Inequality.
   Krzysztof Makarski (Warsaw School of Economics and FAME|GRAPE)), Joanna Tyrowicz (University of Warsaw and FAME|GRAPE), and Marcin Rafał Lewandowski (University of Warsaw andFAME|GRAPE).

5B – Understanding and Measuring Poverty

1. The Depth of Multidimensional Poverty: a Matter of Space.
   Karina Acosta (Central Bank of Colombia)
2. A Cross-country Comparison of Intergenerational Poverty Association in Europe.
   Michele Bavaro (University of Oxford), Rafael Carranza (University of Oxford), and Brian Nolan (University of Oxford)
3. Is Child Benefit Reducing Relative and Subjective Poverty? Evidence from a Natural Experiment.
   Joanna Wolszczak-Derlacz (Gdańsk University of Technology) and Piotr Paradowski (Luxembourg Income Study (LIS) and Gdańsk University of
   Technology)

PARALLEL SESSIONS 6

6A – Inequality Trends

1. Unraveling the Roots of Income Polarization in Europe: A Divided Continent
   Michele Fabiani (University of Macerata)
2. The Rise of Income Inequality in OECD Countries. Is Globalization One of the Causes?
   Juan Carlos Palacios Cívico (University of Barcelona), Andreas Kern (Georgetown University), and Lucía Gorjón (ISEAK Research Institute)
3. The Drivers of Income Inequality in Belgium: 1985-2021.
   Ella-Marie Assal (University of Antwerp, Centre for Social Policy), Koen Decancq (University of Antwerp, Centre for Social Policy), Gerlinde Verbist (University of Antwerp, Centre for Social Policy), and Sarah Kuypers (University of Antwerp, Centre for Social Policy)

6B – Inequalities within the Household

1. Exploring the Relationship between Remittances and Inequality in Transition Economies.
   Dieter Bögenhold (Klagenfurt University) and Ksenija Popovic (Klagenfurt University)
2. Levels, distribution and drivers of lifetime earnings
   Mattis Beckmannshagen (DIW Berlin), Timm Bönke (DIW Berlin), Martina Kaplanová (DIW Berlin), Carsten Schröder (DIW Berlin and Freie Universität Berlin), and Yogam Tchokni (DIW Berlin)
3. Lifetime Income Inequality: Quantile Treatment Effect of Retirement on the Distribution of Lifetime Income.
   Małgorzata Karolina Kozłowska (University of Warsaw)

Poster Session 2

1. Estimating Inequality of Opportunity in Ghana Across Cohorts: A Machine Learning Approach
   Vito De Sandi (University of Bari)
2. Does Reckless Risk or Careful Planning Make Households Wealthy? A Study of the US Based on the Luxembourg
   Wealth Study Database.
   Ivan Skliarov (University of Warsaw)
3. Cross-country Analysis of Household Wealth and Saving Behavior.
   Karolina Kuklińska (Gdańsk University of Technology)

PARALLEL SESSIONS 7

7A – Inequality and Discrimination in the Labor Market

1. Is This Really a Man’s World? The Effect of Vertical and Horizontal Segregation in the UK.
   Maria Petrillo (University of Sheffield and CVER)
2. Gender Wage Gap in the Urban Labor Market of Kenya.
   Wycliffe Alwago (University of Szeged)
3. Underrepresentation of Minorities and Women in Economics: PhD field specializations and their determinants.
   Karan Singhal (University of Luxembourg)

7B – Economic Development and Inequalities

1. Income Inequality and Firm Ownership Concentration.
   Haris Khan (Information Technology University),Choudhry Tanveer Shehzadb (Lahore University of Management Sciences), and Abid Aman Burkic
   (Lahore University of Management Sciences)
2. Heterogeneous Effects of Macroeconomic Factors on Income Inequality Dynamics.
   Vijaya Lakshmi Kedari (Tilburg University)
3. Scale-biased Technical Change and Inequality.
   Hugo Reichardt (London School of Economics and Political Science

The conference is funded thanks to:

1) Carbonium Supporting Conferences program from the Gdańsk University of Technology;
2) Luxembourg Income Study (LIS);
3) Faculty of Management and Economics at the Gdańsk University of Technology.