by Max Lawson, Head of Inequality Policy, Oxfam International
This week saw the launch of the first ‘World Inequality Report’ written by the team at the Paris School of Economics and based on the data collected by over 100 researchers behind the World Incomes Database. The summary is very short and full of fantastic charts, well worth taking a look at. They have pioneered the use of tax data and other sources to recalculate the incomes of those at the top, which are hugely underestimated. They have now done this for enough large countries to make some conclusions about global trends, which is the basis of the report.