Senior Lecturer in Economics
Tel: 020 7848 7579
Paul Segal is a Senior Lecturer in Economics. He is an economist with wide-ranging interests, working on global inequality and poverty, on the economics of resource-rich countries, and on the economic history of Argentina and Mexico. He has pioneered the use of the new top incomes data in analysing global inequality, and is currently working on new approaches to inequality, funded by a Leverhulme Research Fellowship throughout 2017. He is a Visting Research Fellow at the International Inequalities Institute at the LSE, where he also contributes to the Atlantic Fellows Programme.
Paul teaches macroeconomics, economic development, and the economics of inequality, and is a co-author and co-editor of CORE, economics for a changing world, a new open-access online economics textbook. CORE is a new approach to teaching economics, based on recent developments in economics and other social sciences, that grounds economic interactions in society, institutions, and history. Its beta version is currently being taught in several top departments around the world including at King's and UCL in the UK, Toulouse and Sciences Po in France, Berlin's Humboldt University in Germany, Dartmouth College in the US, and the University of Chile.
Since completing his DPhil at Nuffield College, Oxford, Paul has been a Research Fellow at the Oxford Institute for Energy Studies and Lecturer in Economics at the University of Sussex. Prior to his doctoral studies he was a Research Fellow at Harvard University working on global inequality, and a Consultant Economist at the United Nations Development Programme as part of the core team writing the Human Development Report 2002. He has also been Visiting Scholar at the Centro de Investigación y Docencia Económicas (CIDE), Mexico City, and Visiting Scholar at the National Bureau of Economic Research, Cambridge, Massachusetts.
My current research focuses on the economics of inequality, from several perspectives. My papers with Sudhir Anand on global inequality have become standard references in the field. I also pioneered the use of the new top incomes data in the estimation of global inequality, and produced the first estimates of the incomes and locations of the global income rich.
In my work on inequality and development I have looked at the relationship between income distribution and natural resources. In ongoing work (with Ingrid Bleynat and Amilcar Challú) we analyse the long-run evolution of inequality in Mexico, demonstrating that during two centuries of economic development, typical wages less than doubled - while GDP per capita rose over eight times. Based on new and more rigorous data we are proposing a re-evaluation of the history of inequality in Latin America.
I currently hold a Leverhulme Research Fellowship, funding my work on new approaches to inequality. As part of the Fellowship I am developing a new measure that recognizes the interpersonal dimensions of economic inequality, so far neglected by economists. By looking at how economic inequality affects relations between people this approach reorients our understanding of why inequality matters. In related work I am creating a framework for understanding interactions between different dimensions of inequality, including economic, social and legal forms, showing how reductions in some forms of inequality may increase or reduce other forms of inequality.
In a major new collaboration with Oxfam Mexico and several Mexican universities (and with my colleague Ingrid Bleynat) I am working on a new multidimensional and multidisciplinary methodology to portray and analyse inequality, applied to Mexico. We combine quantitative and qualitative data on households throughout the income distribution, with visual representations of their everyday lives in photography and film. My previous research has also covered topics in the economics of natural resources, and the economic history of Argentina.
I am on research leave until January 2018, when I return to teach the second half of the first year module Economic Analysis of Emerging Economies, focusing on macroeconomics. We teach using CORE: The Economy, a new approach to teaching economics based on recent developments in economics and other social sciences, that grounds economic interactions in society, institutions, and history.
Dr. Segal welcomes applications from research students who wish to work on economic inequality. He currently supervises the following PhD dissertations:
- Moustapha Doukoure (primary supervisor, with Eka Ikpe)
- Naveed Ahmed (primary supervisor, with Sunil Kumar)
- Enrique de la Rosa (primary supervisor, with Ingrid Bleynat)
Who are the Global Top 1%? (with Sudhir Anand), World Development, Vol. 95, pp.111-126, 2017.
Structural Change in Argentina, 1935-1960: The Role of Import Substitution and Factor Endowments (with Darío Debowicz), Journal of Economic History, Vol. 74 Iss. 01, pp 230-258, 2014.
How to Spend It: Resource Wealth and the Distribution of Resource Rents, Energy Policy, Vol. 51, pp. 340-348, December 2012.
Resource Rents, Redistribution, and Halving Global Poverty: The Resource Dividend, World Development, Vol. 39, No. 4, pp. 475-489, 2011.
Oil Price Shocks and the Macroeconomy, Oxford Review of Economic Policy, Vol. 27, No. 1, pp. 169-185, 2011.
What Do We Know about Global Income Inequality? (with Sudhir Anand) Journal of Economic Literature, Vol. 46, No. 1, pp. 57-94, 2008.
Books and book chapters
The Global Distribution of Income (with Sudhir Anand), in Anthony B. Atkinson and François Bourguignon (eds.), Handbook of Income Distribution, Volume II, North-Holland, 2015.
Anatomy of an Oil-Based Welfare State: Rent Distribution in Kuwait (with Laura El-Katiri and Bassam Fattouh), in David Held and Kristian Ulrichsen (eds.), The Transformation of the Gulf States: Politics, Economics and the Global Order, Routledge, 2011, pp. 165-187.
Debates on the Measurement of Global Poverty (Edited with Sudhir Anand and Joseph E. Stiglitz), Oxford University Press, 2010.
Equality (with Ben Jackson) (Notes), in A. H. Halsey (ed.), Ethical Socialism for a Prosperous Country, Methuen, 2007.
Working papers not published elsewhere
Inequality, Living Standards and Growth: Two Centuries of Economic Development in Mexico (with Ingrid Bleynat and Amiclar Challú), Department of International Development, Working Paper 2017-02.
Taxation, Non-Tax Revenue and Democracy: New Evidence Using New Cross-Country Data (with Wilson Prichard and Paola Salardi), International Centre for Tax and Development, Working Paper 23, 2014.
Fiscal Policy and Natural Resource Entitlements: Who Benefits from Mexican Oil?, Oxford Institute for Energy Studies, Working Paper WPM 46.
Oil Revenues and Economic Development: The Case of Rajasthan, India, Oxford Institute for Energy Studies, Working Paper WPM 43.
Natural Resource Wealth and Directed Technical Change, Oxford Centre for the Analysis of Resource Rich Economies, Research Paper 88.
Review of Capital in the Twenty-First Century by Thomas Piketty (translated by Arthur Goldhammer), Renewal Vol. 22 No 3/4, 2014.
Review of The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality by Branko Milanovic,The Journal of Economic Inequality December 2013, Vol. 11, Iss. 4, pp 581-583.
Review of The Bottom Billion by Paul Collier, Renewal, Vol. 16, No. 2.