Atlantic | A new analysis by Christopher Wimer PhD 2007, Sophie Collyer, and Xavier Jaravel suggests not only that rising prices have been quietly taxing low-income families more heavily than rich ones, but also that, after accounting for that trend, the American poverty rate is significantly higher than the official measures suggest.
Wimer received his PhD in Sociology & Social Policy from Harvard in 2007 and is now Co-Director of the Center on Poverty and Social Policy (CPSP) at Columbia University. Xavier Jaravel received his PhD in Business Economics from Harvard in 2016 and is now Assistant Professor of Economics at the London School of Economics. Jaravel's research on inflation inequality—showing that prices have risen more quickly for people at the bottom of the income distribution than for those at the top—which informs their analysis of the poverty rate, appears in the Quarterly Journal of Economics (May 2019).