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What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment.

Sir Tony Atkinson is Professor of Economics at Oxford University and Fellow of Nuffield College, where he was Warden from 1994 to 2005. He is a Fellow of the British Academy and has been President of the Royal Economic Society, of the Econometric Society, of the European Economic Association, and of the International Economic Association. He was knighted in 2001 for services to economics and is Chevalier de la Legion d'Honneur.

Francois Bourguignon is Director of the Paris School of Economics and Professor of Economics at the Ecole des hautes etudes en sciences sociales. Among his many distinctions is the Chevalier de L'Ordre Nationale de la Legion de l"Honneur.