“Income inequality and wealth concentration in the recent crisis”, Development and Change, 2017, 48(1): 3-27.

Head of Communication
16/03/2018

This article shows that the increase of income inequality and global wealth concentration was an important driver for the financial and Eurozone crisis. The high levels of income inequality resulted in balance of payment imbalances and growing debt levels. Rising wealth concentration contributed to the crisis because the increasing asset demand from the rich played a key role in the growth of the structured credit market and enabled poor and middle-income households to accumulate increasing amounts of debt. This analysis thereby puts both income and wealth inequality to the epicentre of the recent crisis, and is crucial for social scientists analysing the causes of the crisis. Our findings suggest that the policy response to the crisis must not be limited to financial regulation but has to involve policies to address inequality by increasing the bargaining power of labour as well as redistributive tax policies

Find the publication here.

Find all related publications
Publications
19/02/2024

Women CSO leaders for systemic change

How to support feminist leadership in Europe
12/02/2024

The Social Pillar and the future of the EU Social Agenda

01/02/2024

Bridging the gender pay gap in the Western Balkans?

A country case study of Croatia, North Macedonia, Serbia and Slovenia
24/01/2024

Progressive Yearbook 2024

Looking back to look ahead
Find all related news
News
23/02/2024

FEPS mission to Brazil

24/01/2024

Spanish Minister Teresa Ribera awarded FEPS ‘Progressive Person of the Year’

23/01/2024

Call for tender – FFP Research and network coordinator

This call for tender is now closed.
18/01/2024

FEPS President at Euronews talk-show ‘Brussels, my love?’

Find all related in the media
In the media

Teresa Ribera, premiada por su labor en política internacional

by El Plural 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by El Plural

Teresa Ribera, premio ‘Pregressive person of the year’ por su labor en política internacional

by Europa Press 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by Europa Press

Teresa Ribera, galardonada como “progresista” del año por la Fundación FEPS

by Agencia EFE 26/01/2024
Article by Spanish news agency Agencia EFE, republished by other media via newswire

»Der er tale om en markant udvikling«: Det vrimler med Wolt-bude

by Politiken 19/01/2024
'"This is a significant development": Wolt workers are everywhere' Politiken's article about the Digital Programme's first policy study: 'Employment terms of platform workers'