New edited volume | Research on Economic Inequality: poverty, inequality and welfare.

By Sanghamitra Bandyopadhyay

Since 2014, I have coordinated and run an annual workshop on theoretical and empirical research on the analysis of poverty, inequality and mobility, generously supported by the School of Business and Management at Queen Mary University of London.

Following the 2016 workshop, several of the presented papers formed the basis for an edited volume of the journal Research on Economic Inequality (Bandyopadhyay 2018). The ten contributions address issues that are at the forefront of the discussion on how we measure poverty, inequality and welfare and how we use such measurements to devise policies to deliver social mobility. While some of the papers deal with theoretical issues that question current methods on how we measure poverty, inequality and welfare, some of them use novel techniques and datasets to investigate the dynamics of poverty and welfare, with special reference to developing countries.

Munia_Edited volume

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Making bad economies: The poverty of Mexican drug cartels

By Roxana Gutiérrez-Romero

Some stories say that local economies benefit from cartels in Mexico. But research suggests that the areas most plagued by drug-related violence have seriously suffered economically. 

Mexico is facing one of the most violent episodes in its recent history. The country has had over 200,000 drug-related killings since 2006. Last year alone, 29,168 homicides were recorded, reaching the highest homicide rate over the last 20 years, surpassing the previous historical peak in 2011 when drug cartel violence accounted for nearly half of all national homicides.

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New CGR Working Paper: The Persistence of Inequality across Indian States, by Dr Sanghamitra Bandyopadhyay

Dr Sanghamitra Bandyopadhyay -Senior Lecturer in Economics at Queen Mary, University of London, and CGR Deputy Director- has published a new CGR working paper on “The Persistence of Inequality across Indian States”. Dr Bandyopadhyay organises the annual “Workshop on the Theory and Empirics of Inequality, Poverty, and Mobility” and, as she remarked in this year workshop, these are interesting times for researchers on inequality and development, with vibrant debates on inequality and poverty across academia and beyond. Not only have the recent works of Thomas Piketty and Tony Atkinson revived the public debate on inequality, but Angus Deaton received the Nobel Memorial Prize on Economic Sciences for his analysis on consumption, poverty, and Welfare.

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Does increased flexibility in labour institutions makes labour markets more resilient to recessions? The new CGR working papers by Prof Pedro Martins present positive evidence

Recessions hit hard and fast while wages and labour conditions are sticky and difficult to adapt, which tends to lead to high unemployment levels during business cycle downturns. We can see an example of this in the unemployment levels of some European economies.  According to Eurostat, Spain had an unemployment rate of the 22.7% in April 2015, a rate that skyrocketed from 8.1% in January 2008. Similarly Greece’s unemployment rate went from 8% in 2008 to 25.6% in 2017. Portugal has also experienced a bumpy ride, albeit a more moderate one. The unemployment rate started at similar levels to Spain and Greece in 2008, peaked around 17.5% in January 2013 and start decreasing afterwards down to 13% in April 2015.

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Do the Olympic games make you happier? The new CGR working paper answers the question

The road to the Olympics in Rio has been paved with controversies that now seem difficult to remember. True, the fraught construction process has left a legacy of green swimming pools and unfinished accommodation while the thefts around the Olympic village are a stark reminder of Rio’s rampant inequality, but the opening ceremonywas a jolt of enthusiasm, after which previous controversies were subsumed by amazing athletic prowess. It is not that different to what happened in London four years ago, once the opening ceremony closed the complaints and cynicism turned into Olympic fervour. It seems that, once the show is on, the Games can only improve the mood.

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Understanding how to create more and better jobs, Professor Pedro Martins Inaugural Lecture.

The past October 21th, Pedro Martins–Professor of Applied Economics – gave his inaugural Lecture “Understanding how to create more and better jobs”, as a part of Queen Mary University of London Inaugural Lecture Series: meet our professors.

In his lecture, Prof Martins distilled the knowledge accumulated, not only on his research on Labour Economics but also on his spell as Portuguese Secretary of State for Employment between 2011 and 2013, delivering a master-class on the critical role that the labour market plays in the economy and society.

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Anticipating the effects of the new minimum wage in Portugal

By Pedro S. Martins 

Following the October elections, Portugal may be faced with an entirely new government format, led by the Socialist Party and supported by the Communist Party and the Left Bloc. While the socialists have been in power on several occasions, the last time in the six-year period just preceding the 2011 financial bailout of Portugal, the communists and their Trotskyist counterparts, the Left Bloc, have never been in power.

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