On marginalrevolution, Alex Tabarrok provides the best short summary of Deaton’s work that I have read today, on the occasion of Deaton being awarded the Economics “Nobel prize.”
A new report by the Paritätische Gesamtverband argues that income inequality in Germany is on the rise. The data source is a micro census.
Roughly 16% of the population are poor—living in a household with adjusted income of less than 60% of the median household income. For a family of four, the threshold income value amounts to 1873 Euros per month. The share of poor people among the unemployed is roughly 60%, among single parents roughly 40%, and among children roughly 20%. Only 15% of retirees are poor according to the above definition, but this share is rising rapidly. Differences between poverty quotas in more and less poor areas are rising.