VoxEU.org: Recent Articles |
- The global inequality boomerang
- The policy drivers of hiring transitions
- A principal, multi-agent model of sanctions
| The global inequality boomerang Posted: Global inequality has fallen over the last three decades, despite a rise in inequality within some large countries. This column argues that the decline in global inequality will reverse in the coming years, due to a turnaround in the between-country component of inequality. This inequality 'boomerang' is forecast to happen near end-2020s or early-2030s, although an inequal recovery from the Covid crisis could hasten the reversal. Thus, the 'sunshine' narrative of declining global inequality could prove temporary, and a boomerang would require new policies to combat inequality in the future. |
| The policy drivers of hiring transitions Posted: Labour market transitions matter for growth and inclusiveness, especially where labour shortages are coinciding with low employment in some countries recovering from COVID. This column provides new evidence on the role of a wide range of policies associated with hiring transitions into jobs, emphasising differences across socioeconomic groups. The results can help policymakers support an efficient and inclusive labour market recovery from the COVID crisis while addressing key longstanding structural challenges, such as slowing productivity and the labour market reallocations required by the green transition and digitalisation. |
| A principal, multi-agent model of sanctions Posted: The Russian invasion of Ukraine has been met with coordinated sanctions. Sanctions are designed to incentivise cooperation, but this column argues that those being used in practice are scattershot. Instead, sanctions on oil and gas exports are the most effective way to maximise the probability that Russia ceases its misguided attack on Ukraine. Such sanctions are most likely to target the elite who are closest to President Putin. Also, it is important that cooperation is defined clearly and to not go as far as regime change in Russia. |
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