A Common Framework on Inequalities for G7 Countries

Abstract

High and rising inequality has become one the defining challenges of our time, causing concerns among policymakers, especially in G7 countries. As a response, policy makers have adopted different strategies to address the issue. We argue that the unsatisfactory results of this uncoordinated approach reflects a misunderstanding of the multidimensional nature of inequality and of its main drivers. A common and coordinated framework among G7 countries, both individually and as a group, could prove more effective in addressing inequalities. Policy Implications• G7 countries need to develop a common understanding on the drivers, trends and related policy implications to tackle inequalities more effectively.• A common framework on inequalities is developed as a new policy tool to bring together the economic and non-economic dimensions of inequality and establish a link between the different dimensions of inequality and their key drivers.

And yet it Moves: The Agenda against Inequalities in the G7 and G20

“…A common framework, such as the one developed by Martelli et al. (), is needed to guide the analysis and define coherent international and domestic strategies.…”

“…This paper studies recent developments of global policy making against inequality, and its prospects. This is based on the approach of Martelli et al (2018), which shows the need to build a common understanding on inequality, between countries and policy fields. To this end, the authors advanced a common framework on inequalities, combining its different dimensions, the international and domestic drivers, and the policies to tackle them, based on the analysis of economic literature and empirical data.…”

“…Indeed, tackling the multidimensional nature of inequality requires an internationally coordinated effort to develop a common understanding on how to address its domestic and global drivers. A common framework, such as the one developed by Martelli et al (2018), is needed to guide the analysis and define coherent international and domestic strategies.…”

“…based on surveys or tax records). An extreme example is provided by the inconsistent evidence on Gini coefficient trends and country rankings based on data from different International Organizations, also among G7 countries (Martelli et al., ).…”