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What is income inequality? How is it measured? Is the middle class really declining? How does it relate to poverty? How long has inequality been rising in the US? Have there been other periods in history when income differences were as large as they are today? What are the causes of growing income and wage inequality? The author addresses these and other conceptual issues in eight carefully reasoned and clearly presented chapters. Concluding with an analysis and comparison of trends in wage inequality in other developed countries, he asks the final speculative question: How much more growth in inequality can our society withstand?
Presented are new methods and new empirical studies on the subject of income inequality and poverty. The purpose of the book is to explore new ways to analyze recent trends in income inequality and poverty, both from the perspective of quantifying poverty and inequality and quantifyig the impact of various factors on the trends in inequality and poverty. The novelty lies in the diversity of empirical approaches used and customers will benefit from learning about different methods.
Inequality has been on the rise in America for more than two decades. This socially divisive trend began in the economic doldrums of the 1970s and continued through the booming 1980s, when surging economic tides clearly failed to lift all ships. Instead, escalating inequality in both individual earnings and family income widened the gulf between rich and poor and led to the much-publicized decline of the middle class. Uneven Tides brings together a distinguished group of economists to confront the crucial questions about this unprecedented rise in inequality. Just how large and pervasive was it? What were its principal causes? And why did it continue in the 1980s, when previous periods of national economic growth have generally reduced inequality? Reviewing the best current evidence, the essays in Uneven Tides show that rising inequality is a complex phenomenon, the result of a web of circumstances inherent in the nation's current industrial, social, and political situation. Once attributed to the rising supply of inexperienced workers—as baby boomers, new immigrants, and women entered the labor market—the growing inequality in individual earnings is revealed in Uneven Tides to be the direct result of the economy's increasing demand for skilled workers. The authors explore many of the possible causes of this trend, including the employment shift from manufacturing to the service sector, the heightened importance of technology in the workplace, the decline of unionization, and the intensified efforts to compete in a global marketplace. Uneven Tides also examines the equally dramatic growth in the inequality of family income, and reviews the effects of family size, the age and education of household heads, and the transition to both two-earner and single-parent families. Although these demographic shifts played a role, what emerges most clearly is an understanding of the powerful influence of public policy, as increasingly regressive taxes, declining welfare benefits, and a stagnant minimum wage continue to amplify the effects of market forces on income. With the rise in inequality now much in the headlines, it is clear that our nation's ability to reverse these shifting currents requires deeper understanding of their causes and consequences. Uneven Tides is the first book to get beyond the news stories to a clear analysis of the changing fortunes of America's families. It should be required reading for anyone with a serious interest in the economic underpinnings of the country's social problems.
Our future depends very much on how we respond to three great challenges of the new century, all of which threaten to increase social inequality: first, how we adapt institutions to the new role of women; second, how we prepare our children for the knowledge economy; and, third, how we respond to the new demography.
Drawing on a variety of data on family incomes, taxes, wages, employment, wealth, health care and poverty, this text provides a portrait of the living standards of Americans in the mid-1990s. It contains up-to-date data from the US Census.
Based on the presentations and discussions from a national symposia, Just Living Together represents one of the first systematic efforts to focus on cohabitation. The book is divided into four parts, each dealing with a different aspect of cohabitation. Part I addresses the big picture question, "What are the historical and cross cultural foundations of cohabitation?" Part II focuses specifically on North America and asks, "What is the role of cohabitation in contemporary North American family structure?" Part III turns the focus to the question, "What is the long- and short-term impact of cohabitation on child well-being?" Part IV addresses how cohabiting couples are affected by current policies and what policy innovations could be introduced to support these couples. Providing a road map for future research, program development, and policymaking. Just Living Together will serve as an important resource for people interested in learning about variations in the ways families of today are choosing to organize themselves.