Many thanks to everyone who joined this session. Some of the best-ever posts in livechat. Here are the session timestamps: SESSION TIMESTAMPS 00:00 Introduction 04:29 Inequality in the global economy 05:26 Pre-distribution & re-distribution 07:59 Average pay by job in the UK 09:49 Micro policies for more equitable income distribution 13:00 Macro policies for more equitable income distribution 15:45 Working poverty in the UK (data) 16:15 Micro effects of a higher NMW 20:29 Macro effects of a higher NMW 23:27 Economics of extreme poverty 24:14 Micro effects of a rise in extreme poverty 27:33 Macro effects of a rise in extreme poverty 30:35 Explaining the Kuznets curve 34:03 Inequality & economic growth 41:15 Key points
Hi, would the direct capital outflows (featured in financial account of BoP) of UK individuals and firms i.e purchase of foreign oil refineries or factories and then the consequent inward flows of investment income (secondary flows on current account) be a good macro example of income vs wealth?
Many thanks to everyone who joined this session. Some of the best-ever posts in livechat.
Here are the session timestamps:
SESSION TIMESTAMPS
00:00 Introduction
04:29 Inequality in the global economy
05:26 Pre-distribution & re-distribution
07:59 Average pay by job in the UK
09:49 Micro policies for more equitable income distribution
13:00 Macro policies for more equitable income distribution
15:45 Working poverty in the UK (data)
16:15 Micro effects of a higher NMW
20:29 Macro effects of a higher NMW
23:27 Economics of extreme poverty
24:14 Micro effects of a rise in extreme poverty
27:33 Macro effects of a rise in extreme poverty
30:35 Explaining the Kuznets curve
34:03 Inequality & economic growth
41:15 Key points
Hi, would the direct capital outflows (featured in financial account of BoP) of UK individuals and firms i.e purchase of foreign oil refineries or factories and then the consequent inward flows of investment income (secondary flows on current account) be a good macro example of income vs wealth?
yes - the transfer of financial wealth
Are these slides available anywhere
www.tutor2u.net/live/micro-macro-aspects-of-inequality-smash-a-level-economics-paper-3-in-2024
Geoff, is inheritance tax macro?
I think so - yes
What is precarious employment
Things like the gig economy
People in insecure work, zero hours contracts, no trade union protection - precarious, uncertain incomes, very limited job security.
@@tutor2u-official thank you !