Lifetime Incomes in the United States Over Six Decades

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (986 download)

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Book Synopsis Lifetime Incomes in the United States Over Six Decades by : Fatih Guvenen

Download or read book Lifetime Incomes in the United States Over Six Decades written by Fatih Guvenen and published by . This book was released on 2017 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using panel data on individual labor income histories from 1957 to 2013, we document two empirical facts about the distribution of lifetime income in the United States. First, from the cohort that entered the labor market in 1967 to the cohort that entered in 1983, median lifetime income of men declined by 10%-19%. We find little-to-no rise in the lower three-quarters of the percentiles of the male lifetime income distribution during this period. Accounting for rising employer-provided health and pension benefits partly mitigates these findings but does not alter the substantive conclusions. For women, median lifetime income increased by 22%-33% from the 1957 to the 1983 cohort, but these gains were relative to very low lifetime income for the earliest cohort. Much of the difference between newer and older cohorts is attributed to differences in income during the early years in the labor market. Partial life-cycle profiles of income observed for cohorts that are currently in the labor market indicate that the stagnation of lifetime incomes is unlikely to reverse. Second, we find that inequality in lifetime incomes has increased significantly within each gender group. However, the closing lifetime gender gap has kept overall lifetime inequality virtually flat. The increase within gender groups is largely attributed to an increase in inequality at young ages, and partial life-cycle income data for younger cohorts indicate that the increase in inequality is likely to continue. Overall, our findings point to the substantial changes in labor market outcomes for younger workers as a critical driver of trends in both the level and inequality of lifetime income over the past 50 years.

Annual Mean Income, Lifetime Income, and Educational Attainment of Men in the United States, for Selected Years, 1956 to 1968

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Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Annual Mean Income, Lifetime Income, and Educational Attainment of Men in the United States, for Selected Years, 1956 to 1968 by : United States. Bureau of the Census

Download or read book Annual Mean Income, Lifetime Income, and Educational Attainment of Men in the United States, for Selected Years, 1956 to 1968 written by United States. Bureau of the Census and published by . This book was released on 1970 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Growing Gap in Life Expectancy by Income

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Publisher : National Academies Press
ISBN 13 : 030931710X
Total Pages : 243 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis The Growing Gap in Life Expectancy by Income by : National Academies of Sciences, Engineering, and Medicine

Download or read book The Growing Gap in Life Expectancy by Income written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2015-09-17 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. population is aging. Social Security projections suggest that between 2013 and 2050, the population aged 65 and over will almost double, from 45 million to 86 million. One key driver of population aging is ongoing increases in life expectancy. Average U.S. life expectancy was 67 years for males and 73 years for females five decades ago; the averages are now 76 and 81, respectively. It has long been the case that better-educated, higher-income people enjoy longer life expectancies than less-educated, lower-income people. The causes include early life conditions, behavioral factors (such as nutrition, exercise, and smoking behaviors), stress, and access to health care services, all of which can vary across education and income. Our major entitlement programs - Medicare, Medicaid, Social Security, and Supplemental Security Income - have come to deliver disproportionately larger lifetime benefits to higher-income people because, on average, they are increasingly collecting those benefits over more years than others. This report studies the impact the growing gap in life expectancy has on the present value of lifetime benefits that people with higher or lower earnings will receive from major entitlement programs. The analysis presented in The Growing Gap in Life Expectancy by Income goes beyond an examination of the existing literature by providing the first comprehensive estimates of how lifetime benefits are affected by the changing distribution of life expectancy. The report also explores, from a lifetime benefit perspective, how the growing gap in longevity affects traditional policy analyses of reforms to the nation's leading entitlement programs. This in-depth analysis of the economic impacts of the longevity gap will inform debate and assist decision makers, economists, and researchers.

Present Value of Estimated Lifetime Earnings

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Present Value of Estimated Lifetime Earnings by : Herman Phillip Miller

Download or read book Present Value of Estimated Lifetime Earnings written by Herman Phillip Miller and published by . This book was released on 1967 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Lifetime Earnings Estimates for Men and Women in the United States, 1979

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Lifetime Earnings Estimates for Men and Women in the United States, 1979 by : Dan L. Burkhead

Download or read book Lifetime Earnings Estimates for Men and Women in the United States, 1979 written by Dan L. Burkhead and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Ages of American Capitalism

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Publisher : Random House
ISBN 13 : 0812995015
Total Pages : 945 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis Ages of American Capitalism by : Jonathan Levy

Download or read book Ages of American Capitalism written by Jonathan Levy and published by Random House. This book was released on 2021-04-20 with total page 945 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton

The Rise in Lifetime Earnings Inequality Among Men

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Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (248 download)

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Book Synopsis The Rise in Lifetime Earnings Inequality Among Men by : Stephanie Aaronson

Download or read book The Rise in Lifetime Earnings Inequality Among Men written by Stephanie Aaronson and published by . This book was released on 2002 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

United States Income, Wealth, Consumption, and Inequality

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Publisher : Oxford University Press
ISBN 13 : 0197518206
Total Pages : 288 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis United States Income, Wealth, Consumption, and Inequality by : Diana Furchtgott-Roth

Download or read book United States Income, Wealth, Consumption, and Inequality written by Diana Furchtgott-Roth and published by Oxford University Press. This book was released on 2020-08-25 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 75 years, household income in the United States has increased substantially. Still, by some measures, income inequality has increased as well. This has been the subject of contested public policy and political discourse. The question still stands: How can we better articulate the nuanced changes in American incomes? It is difficult to have conversations about income inequality without an agreed-upon set of terms, metrics, and concepts. United States Income, Wealth, Consumption, and Inequality, edited by Diana Furchtgott-Roth, examines the trends in income growth in the United States and explores various measures of income, including market, post-tax, and post-transfer income. Within each chapter, distinguished experts explain how income and wealth--and the way we measure them--have changed in the United States, which demographic groups have benefited from these changes, and how mobility has changed over time and over generations. Specific chapters explain the roles of gender and race. The resulting book is relevant to modern international policy, particularly in light of the COVID-19 pandemic, and addresses what can be done to increase economic mobility in the United States.

Mortality and Lifetime Income

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Mortality and Lifetime Income by : James E. Duggan

Download or read book Mortality and Lifetime Income written by James E. Duggan and published by International Monetary Fund. This book was released on 2007 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas and broad population groups and do not distinguish disabled and nondisabled persons. We investigate the relationship between individual mortality and lifetime income with a large micro data base of current and former retired participants in the U. S. Social Security system. Logit models by gender and race confirm a negative relationship. Differences in age of death between low and high lifetime income are on the order of two to three years. Income-related mortality differences between blacks and whites are largest at low-income levels while gender differences appear to be large and persistent across income levels.

The Age of Increasing Inequality

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Publisher : James Lorimer & Company
ISBN 13 : 145941313X
Total Pages : 250 pages
Book Rating : 4.4/5 (594 download)

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Book Synopsis The Age of Increasing Inequality by : Lars Osberg

Download or read book The Age of Increasing Inequality written by Lars Osberg and published by James Lorimer & Company. This book was released on 2018-09-11 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada is in a new era. For 35 years, the country has become vastly wealthier, but most people have not. For the top 1%, and even more forthe top 0.1%, the last 35 years have been a bonanza. Canadians know very well that there's a huge problem. It's expressed in resistance to tax increases, concerns over unaffordable housing, demands for higher minimum wages, and pressure for action on the lack of good full time jobs for new graduates. This book documents the dramatic and rapid growth in inequality. It identifies the causes. And it proposes meaningful steps to halt and reverse this dangerous trend. Lars Osberg looks separately at the top, middle and bottom of Canadian incomes. He provides new data which will surprise, even shock, many readers. He explains how trade deals have contributed to putting a lid on incomes for workers. The gradual decline of unions in the private sector has also been a factor. On the other end of the scale, he explains the growing high salaries for corporate executives, managers, and some fortunate professionals. Lars Osberg believes that increasing inequality is bad for the country, and its unfairness is toxic to public life. But there is nothing inevitable about this, and he points to innovative measures that would produce a fairer distribution of wealth among all Canadians.

The Riches of This Land

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Publisher : PublicAffairs
ISBN 13 : 1541767845
Total Pages : 296 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis The Riches of This Land by : Jim Tankersley

Download or read book The Riches of This Land written by Jim Tankersley and published by PublicAffairs. This book was released on 2020-08-11 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade, Jim Tankersley has been on a journey to understand what the hell happened to the world's greatest middle-class success story -- the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go, but why haven't new and better ones been created to replace them. His analysis begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge, and policies that have done nothing to address the structural shifts of the American economy have enabled a privileged few to capture nearly all the benefits of America's growing prosperity. Meanwhile, the "angry white men of Ohio" have been sold by Trump and his ilk a theory of the economy that is dangerously backward, one that pits them against immigrants, minorities, and women who should be their allies. At the culmination of his journey, Tankersley lays out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential -- men and women, immigrant or native-born, regardless of race -- America can once again restore the upward flow of talent that can power growth and prosperity.

Institutionalisation beyond the Nation State

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Publisher : Springer
ISBN 13 : 3319502212
Total Pages : 266 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Institutionalisation beyond the Nation State by : Elaine Fahey

Download or read book Institutionalisation beyond the Nation State written by Elaine Fahey and published by Springer. This book was released on 2018-04-26 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume collects papers that explore institutionalisation in contemporary transatlantic relations. Policymakers, lawyers, and political scientists reflect on contemporary understandings of the process as an integration of regimes and orders from an EU perspective. The papers assess whether contemporary transatlantic relations call for a different approach to global governance with a heightened emphasis on institutionalisation. The book explores a diverse range of case studies of interest to a broad readership. In particular, it focuses upon two cutting-edge issues: transatlantic data privacy rules that are emerging after the post-Edward Snowdon / NSA / PRISM revelations; and trade aspects, especially the Transatlantic Trade and Investment Partnership (TTIP) Agreement. The contributors consider these case studies from a variety of perspectives, honing in on the dynamism, method, and high politics of transatlantic relations as they have recently evolved. They critically explore the commonly held assumption that transatlantic relations have historically been considered quasi-institutionalised at best or, at worst, lacking in terms of laws and institutions. Is institutionalisation a useful meeting point for all disciplines? Does it explain regional integration meaningfully across subjects? Can institutionalisation serve to promote accountability and good governance? Contributors across disciplines and subjects address these increasingly challenging and salient questions.

Social Stratification in an Aging Society with Low Fertility

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Publisher : Springer Nature
ISBN 13 : 9811936471
Total Pages : 220 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Social Stratification in an Aging Society with Low Fertility by : Sawako Shirahase

Download or read book Social Stratification in an Aging Society with Low Fertility written by Sawako Shirahase and published by Springer Nature. This book was released on 2022-08-31 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book empirically discusses stratification in contemporary Japanese society. It is unique for its examination of social inequality in relation to declining fertility and an aging population. Japan is the most aged society in the world: according to the Statistics Bureau of Japan, people who are aged 65 and above comprised 29.1% of the country’s total population in 2021. Meanwhile, the fertility rate has continuously declined since the mid-1970s. Japan experienced a dramatic change in its demographic structure in a short period of time. Such fast change could be a major factor that generated social stratification. In her industrialization, Japan was thought to share a pattern of social stratification similar to that of developed European and North American countries but with a low degree of socio-economic inequality and a high degree of homogeneity. There is no clear support for this description of Japan, although the country does share a pattern and degree of social stratification similar to that observed in Europe and North America. The social stratification theory has been developed in close relationship to the labor market; however, it is necessary to further examine the social stratification of very aged societies in which a substantial number of the population—namely, retired persons—no longer have any ties to the labor market. In this book, the contributors explore the pattern of social stratification at three life stages: young, middle-aged, and elderly. Included are discussions of various aspects of stratification such as education, work, wealth, marriage, family, gender, generation, and social attitudes.

The Longevity Economy

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Publisher : PublicAffairs
ISBN 13 : 1610396650
Total Pages : 330 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Longevity Economy by : Joseph F. Coughlin

Download or read book The Longevity Economy written by Joseph F. Coughlin and published by PublicAffairs. This book was released on 2017-11-07 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oldness: a social construct at odds with reality that constrains how we live after middle age and stifles business thinking on how to best serve a group of consumers, workers, and innovators that is growing larger and wealthier with every passing day. Over the past two decades, Joseph F. Coughlin has been busting myths about aging with groundbreaking multidisciplinary research into what older people actually want -- not what conventional wisdom suggests they need. In The Longevity Economy, Coughlin provides the framing and insight business leaders need to serve the growing older market: a vast, diverse group of consumers representing every possible level of health and wealth, worth about $8 trillion in the United States alone and climbing. Coughlin provides deep insight into a population that consistently defies expectations: people who, through their continued personal and professional ambition, desire for experience, and quest for self-actualization, are building a striking, unheralded vision of longer life that very few in business fully understand. His focus on women -- they outnumber men, control household spending and finances, and are leading the charge toward tomorrow's creative new narrative of later life -- is especially illuminating. Coughlin pinpoints the gap between myth and reality and then shows businesses how to bridge it. As the demographics of global aging transform and accelerate, it is now critical to build a new understanding of the shifting physiological, cognitive, social, family, and psychological realities of the longevity economy.

Measuring Distribution and Mobility of Income and Wealth

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Publisher : University of Chicago Press
ISBN 13 : 0226816036
Total Pages : 736 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Measuring Distribution and Mobility of Income and Wealth by : Raj Chetty

Download or read book Measuring Distribution and Mobility of Income and Wealth written by Raj Chetty and published by University of Chicago Press. This book was released on 2022-11-16 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic research on the efficient allocation of resources has a long history. Increasingly, attention has turned to inequality in the distribution of personal resources and outcomes, and whether individuals or children are locked in their respective places in this distribution or whether mobility is possible. Research focuses not only on measuring inequality and mobility, but on understanding its historical, economic, and social determinants, and how policies might affect these distributions. This volume explores the latest developments in our understanding of income and wealth distribution and mobility. The first section addresses observed patterns of income inequality and shifts in compensation and fluidity that drive or reinforce income inequality. The next focuses on wealth inequality, including the difficulties of defining and measuring wealth. The third section presents new evidence on the intergenerational transmission of inequality and the mechanisms that sustain these patterns. A fourth set of chapters studies the mitigation of inequality, including variations in intervention strategies across time and geography. Finally, issues related to using national accounting data in comparison with survey and microdata are examined. Lack of data, particularly wealth data at the individual or household level in most countries, presents a challenge. Momentum has been building to link multiple sources of survey, administrative and other data in order to mitigate measurement problems in single sources and to provide more comprehensive data on income and wealth"--

Capitalism and Inequality

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Publisher : Routledge
ISBN 13 : 1000283887
Total Pages : 245 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Capitalism and Inequality by : G.P. Manish

Download or read book Capitalism and Inequality written by G.P. Manish and published by Routledge. This book was released on 2020-12-29 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a failure of market institutions. Bringing together new and original research from established scholars, it analyzes the inequality inherent in a free market from an economic and historical perspective. In the process, the question of whether the recent increase in inequality is the result of crony capitalism and government intervention is explored in depth. The book features sections on theoretical perspectives on inequality, the political economy of inequality, and the measurement of inequality. Chapters explore several key questions such as the difference between the effects of market-driven inequality and the inequality caused by government intervention; how the inequality created by regulation affects those who are less well-off; and whether the economic growth that accompanies market-driven inequality always benefits an elite minority while leaving the vast majority behind. The main policy conclusions that emerge from this analysis depart from those that are currently popular. The authors in this book argue that increasing the role of markets and reducing the extent of regulation is the best way to lower inequality while ensuring greater material well-being for all sections of society. This key text makes an invaluable contribution to the literature on inequality and markets and is essential reading for students, scholars, and policymakers.

Money

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Publisher : Routledge
ISBN 13 : 1000690725
Total Pages : 342 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Money by : Nico Stehr

Download or read book Money written by Nico Stehr and published by Routledge. This book was released on 2019-10-08 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the publication of Georg Simmel’s Philosophy of Money more than a century ago, social science has primarily considered money a medium of exchange. This new book treats money as a more inclusive social concept that has profoundly influenced the emergence of modern society. Money is also a moral and political category. It communicates prices and thus embodies innumerable evaluations and judgments of objects and services, of social relationships and associations. At the same time, modern societies are undergoing fundamental transformations in which money assumes an ever-important role, while banking and financial services constitute the new primary sector of modern service economies. In this book, the authors trace the transformational scope of monetarization and financialization along the four classical productive forces—land, capital, labor, and knowledge—and evaluate the consequences of an irrepressible urge to quantify and monetarize almost everything social. What happens to a society in which the tangible products of the real economy lose their preeminent status, and everything is judged purely according to its economic value? The authors identify an increasing disconnect between market prices and social values with serious social, political, economic, and environmental consequences.