We’re Bad at Measuring Inequality—Here’s Why That Matters

Stefanie Stantcheva, economist at Harvard University, founded the
Social Economics Lab to study inequality, our feelings about it,
and how policies influence it. She says when we estimate how much
money our colleagues make or how much taxes impact us, we are often
very far off from the truth. Her research also shows that our
misconceptions are often linked to political beliefs. She argues
that we need to be more aware of the realities of inequality if we
want to create better economic opportunities.