Rethinking the Lebanese economic miracle: The extreme concentration of income and wealth in Lebanon, 2005–2014

Who Needs Security in a Crisis? Evidence from an In-the-Field Choice Experiment in Lebanon

“…Electronic copy available at: https://ssrn.com/abstract=4479897 P r e p r i n t n o t p e e r r e v i e w e d in employment rates and hyperinflation, provides an opportune context for this study (Bank, 2021). The situation in Lebanon has compelled workers into precarious working conditions with lower earnings and increased uncertainty (Botha et al, 2021;Assouad, 2023). We provide experimental evidence that employees, under such conditions, prefer work arrangements with longer working hours, no contracts, and no skill requirements, preferences that are consistent across different socioeconomic groups.…”

Consumer animosity and perceived cultural distance: Toward mutual well‐being for refugees and host countries

“…Our distribution reflects key demographics in Lebanon; for example, gender (ratio 1.05 males/ females) and religion (57% Muslim, 36% Christian, 5% Druze, and 2% of other religions or no religious affiliation) per estimates (CIA, 2018). Family income and wealth varies across three groups, specifically, richer Lebanese (10%), a middle class (40%), and a bottom low-income (50%) (Assouad, 2019). Table 2 summarizes the respondents' demographics.…”

Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860–2020

“…We also contribute to the growing literature on the long-run dynamics of wealth inequality by bringing to light starkly different trajectories of wealth accumulation across racial groups within a country. Several studies have documented patterns in overall wealth inequality in various countries from the 18th to 21st centuries (Piketty, 2013;Piketty and Zucman, 2014;Saez and Zucman, 2016;Assouad, 2021;Garbinti, Goupille-Lebret, and Piketty, 2021;Smith et al, 2019;Saez and Zucman, 2020;Alvaredo, Atkinson, and Morelli, 2018;Artola Blanco, Bauluz, and Martınez-Toledano, 2021;Waldenström, 2017;Waldenström, 2016;Bartels and Morelli, 2021;Madsen, 2019). We adapt the accounting framework of wealth accumulation prevalent in this literature to racial groups in the U.S. who have faced vastly different historical institutions that have cast a long shadow on their respective wealth trajectories.…”