Alexander Ludwig, SAFE Professor of Public Finance and Debt Management, and Nicola Fuchs-Schündeln, Professor of Macroeconomics and Development, will receive funding by the NORFACE-DIAL (Dynamics of Inequality Across the Life-course) program for an international research project on “Trends in Inequality: Sources and Policy.” The project team aims to evaluate the effects of inequality in income, wealth, hours worked and consumption on welfare and to quantitatively decompose the trends in inequality into their various sources. It will also focus on the impact of fiscal and monetary policies on inequality and characterize welfare improving policies. Team members in the partner institutions are Per Krusell (Institute for International Economic Studies IIES), Mariacristina De Nardi (University College London) and Giulio Fella (Queen Mary University of London).
NORFACE (New Opportunities for Research Funding Agency Cooperation in Europe) is a network of 19 national organizations in Europe that fund academic research in the social sciences (in Germany: Deutsche Forschungsgemeinschaft, DFG). The NORFACE DIAL program, which focuses on understanding the dynamics of inequalities as they unfold over the life course, is funded by the 19 NORFACE partners, the Swedish Council Forte and the European Commission.