Our 2min summaries provide a quick overview of academic papers on inequality (and some books). The idea of the 2-minute paper is to crowd-source a literature review that is useful to our group members. If you've recently read an interesting paper or book and would like to submit a summary, please visit our submission page.
The Point: People's perceptions about inequality don't match up with economists' measurements of inequality. Surveys tell us that people tend to underestimate the amount of inequality in their society. Furthermore, it seems that a person's preferences for redistribution are more closely correlated with their perceptions than they are with measured estimates of inequality. The authors contend that such finding are extremely relevant in discussions that link specific types of p