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Five Lectures on Economic Inequality
Department of Economics, University of Warwick, May-June 2015
My lectures will be divided into five 2-hour sessions. For links to slides used in the lectures and some readings, see below.
Lecture dates:
May 18 (Monday), 11am-1pm
May 19 (Tuesday), 11am-1pm
May 26 (Tuesday), 11am-1pm
June 2 (Tuesday), 11am-1pm
June 4 (Thursday), 2pm-4pm
Lecture location: Room S2.79
Office Hours: May 18-June2, room S0.74, 2.30pm-3.30pm, and on June 4 4-5pm. You are also free to email me any time and set up an appointment to meet. I will be more than happy to talk about the course, or your research, or life in general...
Lecture 1. Divergence: Growth and Inequality [Slides 1 and Slides 2]
Ray, D. (2010), "Uneven Growth: A Framework for Research in Development Economics," Journal of Economic Perspectives 24, No. 3 (Summer 2010), 45--60.
Piketty, T. (2013), Capital in the Twenty-First Century, Cambridge, MA: Harvard University Press.
Ray, D. (1998), Development Economics, Princeton University Press, Chapter 2.
Ray, D. (2014), "Nit-Piketty," mimeo., NYU.
Pritchett, L. (1997), "Journal of Economic Perspectives 11, 3--17.
G. Loury (1981), "Intergenerational Transfers and the Distribution of Earnings,'' Econometrica 49, 843-867.
Lecture 2. History, Inequality and Development [Slides 2, Slides 3 and Slides 4]
Banerjee, A. and A. Newman (1993), "Occupational Choice and the Process of Development,'' Journal of Political Economy 101, 274-298.
Galor, O. and J. Zeira (1993), "Income Distribution and Macroeconomics,'' Review of Economic Studies 60, 35-52.
Mookherjee, D. and D. Ray (2003), "Persistent Inequality," Review of Economic Studies 70, 369--393.
Mookherjee, D. and D. Ray (2010), "Inequality and Markets," AEJ Microeconomics 2, 38-76.
Lecture 3. The Psychology of Inequality and Poverty [Slides 5 and Slides 5a]
D. Bernheim, D. Ray and S. Yeltekin (2014), "Poverty and Self-Control," forthcoming, Econometrica. mimeo. 1999 version here.
A Banerjee and S. Mullainathan (2010), "The Shape of Temptation: Implications for the Economic Lives of the Poor," mimeo.
G. Genicot and D. Ray (2015), "Aspirations and Inequality," mimeo.
Lectures 4 and 5. Distribution and Conflict [Slides 6 and Slides 7]
Miguel, E., Satyanath, S. and E. Sergenti (2004), "Economic Shocks and Civil Conflict: An Instrumental Variables Approach," Journal of Political Economy 112, 725--753.
Esteban, J. and D. Ray (2011), "Linking Conflict to Inequality and Polarization," American Economic Review 101(4), 1345–74.
Montalvo, J. and M. Reynal-Querol (2005), "Ethnic Polarization, Potential Conflict and Civil Wars," American Economic Review 95, 796--815.
Esteban, J., Mayoral, L. and D. Ray (2012), "Ethnicity and Conflict: An Empirical Investigation," American Economic Review 102, 1310-1342.
Esteban, J., Mayoral, L. and D. Ray (2012), "Ethnicity and Conflict: Theory and Facts," Science 336, 858 - 865.
Dal Bó, E., and P. Dal Bó (2011), "Workers, Warriors and Criminals: Social Conflict in General Equilibrium," Journal of the European Economic Association 9, 646-677.
Dube, O. and J. Vargas (2013), "Commodity Price Shocks and Civil Conflict: Evidence from Colombia," forthcoming, Review of Economic Studies.
Mitra, A. and D. Ray (2014), Implications of an Economic Theory of Conflict: Hindu-Muslim Violence in India, forthcoming, Journal of Political Economy.
Notes: For a survey on conflict, read Blattman and Miguel (2010). For more on the relationship between per-capita income and conflict, see Collier and Hoeffler (2004) or Miguel (2005). For more on the measurement of polarization, see Esteban and Ray (1994), or Duclos, Esteban and Ray (2004). The theoretical link between polarization and conflict is first explored in Esteban and Ray (1999). On the salience of ethnic conflict, see Esteban and Ray (2008).