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Marco Ranaldi

@marcoranaldi.bsky.social

620 followers 300 following 22 posts

Assistant Professor of Economics at UCL and Director of UCL CNET Political Economy | Capitalism | Inequality | Fractals | Sampling Website: mranaldi.com Music: https://shorturl.at/grNgF

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Marco Ranaldi @marcoranaldi.bsky.social · Jan 2

In my new WD paper, I analyze the global capital and labor income distributions, highlighting a capitalization process that benefited the global middle class at the start of the 21st century.

📄 Open-access paper: doi.org/10.1016/j.wo...  
📊 Database & description: www.mranaldi.com/research

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Marco Ranaldi @marcoranaldi.bsky.social · 1d

Labor income tends to lift individuals up the distribution — through life-cycle and human capital dynamics — while capital income, more volatile and concentrated, is often linked to downward shifts.

Marco Ranaldi @marcoranaldi.bsky.social · 1d

Key findings: 
🔹 Measures of capital and labor mobility differ across metrics; 
🔹 Upward mobility is mainly driven by labor income (and joint upward moves);
 🔹 Downward mobility stems mostly from capital income (and joint downward moves).

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Marco Ranaldi @marcoranaldi.bsky.social · 1d

We introduce a new framework that decomposes total income mobility into its labor and capital components across the life cycle — covering nearly 300,000 individuals.

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Marco Ranaldi @marcoranaldi.bsky.social · 1d

Pleased to see our new paper finally out!

Together with joël bühler and Roberto Iacono, we study income mobility dynamics in Norway using 26 years of high-quality register data.

Main result: upward mobility is primarily driven by labor income — and almost never by capital alone. (1/4)

World Inequality Lab @wid.world · 1d

Do individuals move ⤴️ or⤵️ the income ladder because of jumps in labor or capital income, or both?

👉Upward mobility is primarily driven by labor income but almost never by capital alone, find @marcoranaldi.bsky.social @joelliambuehler.bsky.social @robertoiacono.org

▶️ wid.world/news-article...

Upward mobility is primarily driven by labor income but almost never by capital alone - WID - World Inequality Database

Upward mobility is primarily driven by labor income but almost never by capital alone This paper studies the dynamics of capital and labor income mobility using high-quality register data from Norway.

wid.world

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Reposted by Marco Ranaldi

Simone Conradi @sconradi.bsky.social · Aug 23

Variations on Knuth's Twindragon
Made with #python #numpy #matplotlib

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Reposted by Marco Ranaldi

Per Engzell @pengzell.bsky.social · Jul 28

The real job market prep is learning to explain why your research matters in under 30 seconds to someone who’s looking at their phone

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Reposted by Marco Ranaldi

Roberto Iacono @robertoiacono.org · Jul 27

Great post by @brankomilan.bsky.social on Compositional vs. Income Ineq, highlighting @marcoranaldi.bsky.social's role in developing this novel concept. Regarding the high CI in the Nordics, @elisapalagi.bsky.social & I in our BEJEAP paper (doi.org/10.1515/beje...) have another interpretation..(1/n)

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Marco Ranaldi @marcoranaldi.bsky.social · Jul 27

Just read @brankomilan.bsky.social's latest on income & compositional inequality. One more point: if AI pushes up the capital share by replacing jobs across skill levels, reducing compositional inequality can help capital complement labor—and prevent income inequality from rising👇

Branko Milanovic @brankomilan.bsky.social · Jul 26

New Capitalism II:
Compositional vs income inequality
Are all class-based societies unequal?
branko2f7.substack.com/p/new-capita...

New Capitalism II: Compositional vs income inequality

Are all class-based societies unequal?

branko2f7.substack.com

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Reposted by Marco Ranaldi

Branko Milanovic @brankomilan.bsky.social · Jul 24

My today's Substack:
New Capitalism in America
Richest capitalists and richest workers are increasingly the same people
branko2f7.substack.com/p/new-capita...

New Capitalism in America

Richest capitalists and richest workers are increasingly the same people

branko2f7.substack.com

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Marco Ranaldi @marcoranaldi.bsky.social · Jul 8

New essay from my month at @ieadeparis.bsky.social where I explore compositional inequality in K and L and its links to capitalism’s big challenges (climate, politics, technology, inequality). Plus, a fresh take on Michal Kalecki’s full-employment argument:

paris.pias.science/article/capi...

Reposted by Marco Ranaldi

UCL SSEES @uclssees.bsky.social · Jul 7

📢We're hiring: Lecturer (Teaching) in Economics & Business.

This is an exciting opportunity for an experienced & skilled educator to specialise in the teaching and assessment of Economics & Business with a focus on Eastern European countries.

Apply by 21 July
See more: bit.ly/4l9L4wA

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Marco Ranaldi @marcoranaldi.bsky.social · Jul 4

Thrilled to have visited Siegen this week—discussed my joint work with @brankomilan.bsky.social with MA students and presented my current research with Roberto Iacono & Joël Bühler on capital and labor income mobility (paper out soon). Thanks a lot, @svenjafl.bsky.social, for the kind invitation!

Svenja Flechtner @svenjafl.bsky.social · Jul 3

So great to have @marcoranaldi.bsky.social from @ucl.ac.uk visiting us in Siegen this week!

The visit in a master's seminar and Marco's talk in our research seminar were both very engaging and insightful. We had interesting debates on capital and labor income mobility. Thank you so much, Marco!

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Marco Ranaldi @marcoranaldi.bsky.social · Jun 28

ahahahahaha (still laughing)

Reposted by Marco Ranaldi

Thomas Piketty @thomaspiketty.bsky.social · Jun 9

Colonial extraction and unequal exchange have shaped two centuries of North-South inequality.
A thread on the new study written with @gatonievas.bsky.social
[A thread 1/8🧵]

World Inequality Lab @wid.world · Jun 9

🚨Global economic relations have long been defined by imbalances and unequal power, not by self-correcting market forces, NEW STUDY finds.

@thomaspiketty.bsky.social & @gatonievas.bsky.social call for structural reforms to the international monetary and exchange system.

wid.world/news-article...

Colonial extraction and unequal exchange have shaped two centuries of North-South inequality - WID - World Inequality Database

In a new study, Gastón Nievas and Thomas Piketty examine patterns of global imbalances, current account surplus/deficit and net foreign wealth accumulation over more than two centuries.

wid.world

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Reposted by Marco Ranaldi

Mariana Mazzucato @mazzucatom.bsky.social · May 27

Rethinking how the state imagined, practiced and evaluated is at the heart of @iipp-ucl.bsky.social‬'s mission. Join us for our annual #RethinkingTheState Forum (18-20 June).

Learn more ➡️ www.ucl.ac.uk/bartlett/pub...

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Reposted by Marco Ranaldi

Max Roser @maxroser.bsky.social · May 16

For the first time ever, China's CO₂ emissions are falling due to clean energy growth, rather than reduced power demand.

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Marco Ranaldi @marcoranaldi.bsky.social · May 5

Distributional varieties of capitalism through the conceptualization and measurement of compositional inequality. What do we know, and what’s next?

New open-access paper out now in ROPE👇

Link: shorturl.at/WDT20

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Reposted by Marco Ranaldi

Centre for Economic Policy Research @cepr.org · Apr 7

📢 #CallForPapers Annual Research #Conference of the CAS "Finance and Inequality"
The Center for Advanced Studies at the University of Bonn invites submissions for its annual conference.
Deadline: 25 April, 2025
More information: cepr.org/events/annua...
#EconSky

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Reposted by Marco Ranaldi

Cody Hochstenbach @codyhochstenbach.bsky.social · Apr 16

Who runs Britain?

April 30, @aaronreeves.bsky.social and @samfriedman.bsky.social will present their book "Born to Rule" on elite formation and reproduction at UvA. Organized by AMCIS and the Cultural Sociology group.

Join us! More information and registration here:
amcis.uva.nl/shared/subsi...

Who Runs Britain? An In-Depth Historical Investigation of Elite Formation - AMCIS

On April 30, Aaron Reeves and Sam Friedman will discuss their book Born to Rule: The Making and Remaking of the British Elite, offering a data-rich analysis of the British elite from the Victorian era...

amcis.uva.nl

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Marco Ranaldi @marcoranaldi.bsky.social · Apr 14

Just sharing the recording of my talk, Capitalism in Transition, from the Paris Ideas Conference @ieadeparis.bsky.social.

I look forward to explore distributional varieties of capitalism in relation to the major transitions of our time during my one-month residency!

YouTube: shorturl.at/F1Ws6

Marco RANALDI - Paris IAS Ideas - Normative Aspects of Compositional Equality

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

shorturl.at

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Reposted by Marco Ranaldi

World Inequality Lab @wid.world · Apr 8

#TaxingBillionaires in 🇮🇹

Demetrio Guzzardi presented paper co-authored with Elisa Palagi, Andrea Roventini & Alessandro Santoro

🔗 wid.world/document/rec...

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Ulysse Lojkine @ulojkine.bsky.social · Apr 4

Mon livre sera en librairie dans une semaine et si certains d'entre vous le lisent ce sera un immense plaisir d'avoir vos retours et d'en discuter

couverture Le fil invisible du capital. Déchiffrer les mécanismes de l'exploitation

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Maximilian Kasy @maxkasy.bsky.social · Mar 25

🎉Just accepted at Econometrica:🎉
"Adaptive maximization of social welfare"
maxkasy.github.io/home/files/p...

(cc @ecmaeditors.bsky.social)

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Reposted by Marco Ranaldi

Maximilian Kasy @maxkasy.bsky.social · Apr 2

The publisher just sent the draft cover design for my forthcoming book.

I’d be curious to hear what associations people have with the figure in the background (in light of the title)!

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Reposted by Marco Ranaldi

Ian Malcolm @iannmalcolm.bsky.social · Apr 3

Branko Milanovic's new book, now in stock and shipping to stores in April and May.

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