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  • Economics Websites

  • Piketty and Heckman on Why Data is Fundamental for Inequality Research and Policy

Our World in Data

https://ourworldindata.org/

Thanks to the work of thousands of researchers around the world who dedicate their lives to it, we often have a good understanding of how it is possible to make progress against the large problems we are facing. The world has the resources to do much better and reduce the suffering in the world.

We believe that a key reason why we fail to achieve the progress we are capable of is that we do not make enough use of this existing research and data: the important knowledge is often stored in inaccessible databases, locked away behind paywalls and buried under jargon in academic papers.

The goal of our work is to make the knowledge on the big problems accessible and understandable. As we say on our homepage, Our World in Data’s mission is to publish the “research and data to make progress against the world’s largest problems”.

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1

3 months ago

Contributors are:

Iman YeckehZaare
Iman YeckehZaare
🏆 2

Who are from:

University of Michigan - Ann Arbor
University of Michigan - Ann Arbor
🏆 2

Tags

Social Science

Empirical Science

Science

Economy

Related

  • Our World in Data

  • The Economist

  • Black Market Definition and Types Citation

  • Types of Taxes Citation

  • Subfields of Economics Citation

  • Economic Policy Institute

  • Visualizing Income Distribution: A Comparison of Countries by GDP Per Capita and Income Deciles

  • Rising Within-Country Income Inequality in Recent Decades

  • CORE Econ Fact Checker

  • A student is writing a research paper that requires comparing long-term global trends in poverty, literacy, and public health using interactive charts and downloadable datasets. Which of the following online resources is specifically designed to best support this type of data-driven, large-scale historical analysis?

  • You are researching different facets of the US economy. Match each research goal with the online resource most likely to provide the most relevant and in-depth information or perspective.

  • Selecting an Appropriate Economic Research Source

  • Evaluating Economic Information Sources

  • A student investigating the economic impact of specific government policies on low- and middle-income American workers would find the most specialized and mission-driven research from 'The Economist', a publication primarily known for its broad, international coverage of finance and free-market principles.

  • Contrasting Perspectives in Economic Reporting

  • Predicting Research Focus

  • An economist is analyzing a public policy proposal. One online resource they consult is a global news publication with a long-standing editorial perspective favoring free markets. Another is a non-profit think tank that states its mission is to research issues affecting low- and middle-income families. How would the analysis from these two sources likely differ in their evaluation of a proposal to significantly increase the minimum wage?

  • Predicting Research Focus

  • Differentiating Economic Information Sources

  • Visualizing Income Distribution: A Comparison of Countries by GDP Per Capita and Income Deciles

  • Our World in Data

  • Data-Driven Policies to Reduce Inequality

  • Identifying Causal Mechanisms in Economics

  • Taxation as a Source of Economic and Social Data

  • The Social Role of Economic Data

  • The Interdisciplinary Nature of Economic History

  • Data Availability: A Contrast Between Historical and Modern Economists

  • The Interplay of Data and Theory in Economics

  • Rising Within-Country Income Inequality in Recent Decades

  • An economist develops a highly sophisticated mathematical model to explain the causes of wealth inequality. However, they have not yet consulted any historical data, such as tax records or national accounts, to see if the model's assumptions align with observed facts. Based on the arguments about the fundamental role of data in modern economic research, what is the primary weakness of this economist's initial approach?

  • Resolving a Debate on Economic Inequality

  • Based on the discussion about the fundamental role of data in economic research, match each economist's specific argument or shared principle to the statement that best describes it.

  • The Dual Function of Data in Economic Inquiry

  • The Shift in Economic Methodology

  • Based on the principles of data-driven economic inquiry, the systematic collection and public presentation of empirical facts about inequality is considered a sufficient condition to resolve the social and political conflicts that arise from wealth disparities.

  • Investigating the Rise of Income Inequality

  • Evaluating Competing Economic Explanations

  • An economist is investigating the recent rise in wealth disparity in a specific country. Based on the principles of data-driven economic inquiry, arrange the following research steps into the most logical and effective sequence.

  • Two groups are debating a new policy to address economic inequality. Group 1 presents a highly complex economic theory predicting negative outcomes but offers no historical data to support its claims. Group 2 presents extensive historical data from other countries suggesting the policy would be effective but does not offer a detailed theory to explain the mechanisms. Based on the principles of modern, data-driven economic inquiry, which group's position offers a more constructive starting point for a rational policy discussion?

  • World Inequality Database (WID)

Learn After

  • Hannah Ritchie