This ILO workshop brings together global experts to explore the drivers of inequality and identify crucial policy actions to create fairer societies for all. Economic inequality remains one of the most pressing challenges in modern societies, having far-reaching implications for social cohesion, access to opportunities, and overall well-being.
It perpetuates a cycle of poverty and social exclusion, creating barriers to equal opportunities and upward mobility. Therefore, addressing economic inequalities is an essential aspect of pursuing social justice.
In September 2023, the International Labour Organization (ILO) launched a global communication campaign called “This Way to Social Justice”, aiming at intensifying efforts to address inequalities in the world of work.
This workshop aims to further understand the drivers of economic inequality, assess the depth and breadth of inequality across countries and finally identify crucial policy actions to pave the way towards fairer societies for all.
Monetary Policy and the Evolution of Wealth Disparity - An Assessment Using US Survey of Consumer Finance Data
This session examines the distributional effects of recent monetary policies on income and wealth. Using the Federal Reserve Board’s Survey of Consumer Finances, the research tracks key subpopulations as monetary policy shifted from conventional interest rates to Quantitative Easing. Employing advanced modeling techniques, the study analyzes volatility and bifurcation in capital gains and incomes among U.S. households during the Financial Crisis and the COVID-19 pandemic, offering insights into the impact of monetary policy on economic disparities.
