CaixaBank Research has presented the Inequality Monitor, the world’s first monitor to follow the evolution of economic inequality and the role of the welfare state in Spain in real time.
The entity has explained that the objective of this monitor is to publicize the impact that the coronavirus crisis is having in the homes of Spain, especially, in the most vulnerable groups of society, as well as to contribute to the debate on the effectiveness of public sector protection mechanisms.
This initiative, which is pioneering at the international level, has been launched thanks to a public-private collaboration between researchers from Pompeu Fabra University, the Institute of Political Economy and Governance (IPEG) and CaixaBank Research.
One of the most important aspects of this release is that, today, data on social inequality is published several years late. However, the Inequality Monitor has managed to extract and interpret inequality data in real time, becoming the first project to obtain and publish results, immediately, internationally.
On the other hand, CaixaBank Research has detailed that the data allows segmenting the results by income level, gender, age, region of origin, geographical characteristics of the place of residence and autonomous community of residence.
The entity has reported that the results will be published every month on a free access platform (www.inequality-tracker.caixabankresearch.com) in which the evolution of inequality will be shown through interactive graphics.
The data can be downloaded to facilitate its analysis and distribution, and all the informative and technical articles that the research team publishes on the analysis of inequality will also be compiled.
Experts have pointed out that the Inequality Monitor is a differential project that uses big data techniques to analyze the evolution of nearly 3 million payrolls each month. Thanks to this technology, it is possible to manage the large volume of information available and obtain an accurate and representative estimate for society as a whole of the distribution of wages and its evolution over time.
In addition, the impact that the coronavirus health crisis is having on different subgroups is analyzed in detail.