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Dr. David Hummels
Professor of Economics at Purdue University

Dr.Rasmus Jørgensen
Postdoctoral Research Fellow at Yale University’s Department of Economics

Dr.Jakob R. Munch
Asian Dynamics Initiative Professor of International Economics in the Department of Economics, University of Copenhagen

Dr.Chong Xiang
Associate Professor of Economics, and Director of Graduate Studies, at Economics Department, Purdue University

With stagnating wages and lingering unemployment, income inequality is back in the headlines. Is globalisation to blame for this inequality? Is more education a solution? This column argues that focusing on university education misses important effects. It presents evidence that wage effects vary markedly among those with degrees depending on their specific skill sets, and that globalisation can often benefit workers
without degrees.

Fuelled by concerns over rising income inequality, Occupy Wall Street has grown into a global movement in slightly over 2 months, with protests i over 900 cities worldwide. Protestors have been criticised for lacking a specific set of policy demands, but in this the protestors are