Event Recap

Combating Inequality: Rethinking Policies to Reduce Inequality in Advanced Economies

Conference coordinators: Olivier Blanchard (PIIE) and Dani Rodrik (Harvard University)

Details

October 17, 2019 9:00 AM to October 18, 2019 5:15 PM
PIIE Webcast, Washington, DC
Join the conversation on Twitter using #Inequality2019

 

Event Summary

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October 17  October 18

The Peterson Institute for International Economics (PIIE) held a major conference on "Combating Inequality: Rethinking Policies to Reduce Inequality in Advanced Economies," on October 17–18, 2019. The conference coordinators were Olivier Blanchard, C. Fred Bergsten Senior Fellow at PIIE, and Dani Rodrik, Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government.

Inequality has increased in almost all advanced economies, to alarming levels in some cases as in the United States. It is essential, therefore, to consider the full range of policies, in education, finance, labor markets, taxation, and beyond, to address it. The purpose of the conference is to take stock of knowledge about specific concrete policies that can be deployed to reduce within-country inequality in advanced economies. The conference comprised one survey paper to set the landscape on the evolution of inequality in advanced economies, two general panels on the moral and political aspects of inequality, and a series of policy proposals.

Olivier Blanchard began organizing the Rethinking Macroeconomic Policy series at the International Monetary Fund, where he was the chief economist from 2008 to 2015. This year's Rethinking Macroeconomic Policy Conference, the fifth in the series, featured Nobel laureates Angus Deaton and Peter Diamond, among two dozen leading policy scholars who discussed inequality issues and shared policy recommendations in high-level panel discussions.

MIT Press will publish a conference volume in 2020.

October 17, 2019

Agenda | Conference Speaker Biographies

Introduction and Session 1: The landscape
[video]

Opening Remarks: Olivier Blanchard, PIIE

Chair: Adam Posen, PIIE

Participants:
Lucas Chancel, Paris School of Economics [paper] [presentation]
Peter Diamond, MIT

Session 2: Ethical and philosophical dimensions
[video]

Chair: Dani Rodrik, Harvard University

Participants:
Danielle Allen, Harvard University [presentation]
Philippe Van Parijs, University of Louvain
Tim Scanlon, Harvard University

Session 3: Political dimensions
[video]

Chair: Dani Rodrik, Harvard University

Participants:
Ben Ansell, University of Oxford [presentation]
Sheri Berman, Columbia University [presentation]
Nolan McCarty, Princeton University [presentation]

Session 4: The distribution of human capital
[video]

Chair: Eduardo Porter, New York Times

Participants:
David Deming, Harvard Kennedy School
Lawrence Katz, Harvard University [presentation]
Tharman Shanmugaratnam, Monetary Authority of Singapore

Session 5: Trade, outsourcing, and foreign investment
[video]

Chair: Min Zhu, Tsinghua University

Participants:
David Autor, MIT Department of Economics [presentation]
Christian Dustmann, University College London
Caroline Freund, World Bank Group [presentation]

Session 6: The (re)distribution of financial capital
[video]

Chair: Catherine Rampell, Washington Post

Participants:
Greg Mankiw, Harvard University [presentation]
Lawrence Summers, Harvard University
Emmanuel Saez, University of California, Berkeley [presentation]

October 18, 2019

Session 1: Rate and direction of technological change
[video]

Chair: David Wessel, Brookings

Participants:
Daron Acemoglu, MIT Department of Economics [presentation]
Philippe Aghion, Harvard University [presentation]
Laura Tyson, University of California, Berkeley [presentation]

Session 2: Labor market policies, institutions and social norms
[video]

Chair: Olivier Blanchard, PIIE

Participants:
Marianne Bertrand, University of Chicago
Sandra Black, Columbia University
Richard Freeman, Harvard University

Session 3: Labor market tools
[video]

Chair: Heather Boushey, Center for Equitable Growth

Participants:
William Darity Jr., Duke University
David Ellwood, Harvard University [presentation]
Heidi Shierholz, Economic Policy Institute

Session 4: Social safety net
[video]

Chair: Josh Bivens, EPI

Participants:
Jason Furman, Harvard University [presentation]
Hilary Hoynes, University of California, Berkeley [presentation]
Jesse Rothstein, University of California, Berkeley [presentation]

Session 5: Progressive taxation
[video]

Chair: Gene Sperling, Former National Economic Council Director

Participants:
Wojciech Kopczuk, Columbia University [presentation]
Stefanie Stantcheva, Harvard University [presentation]
Gabriel Zucman, University of California, Berkeley [presentation]

Concluding remarks
[video]

Chair: Adam S. Posen, PIIE
Speaker: Dani Rodrik, Harvard University [presentation]