Market inequality vs net inequality - an interview with Andrew Berg 2/3

Andrew Berg, Assistant Director in the International Monetary Fund’s (IMF) Research Department, distinguishes between “market inequality” and “net inequality”. He explains how governments influence market income through redistribution via taxes and transfers. This leads to the observed differences in inequality between regions, such as between the United States and Europe.

Questions:

0:11 What is the distinction between “market inequality” and “net inequality”? Why is it important?

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