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The Two Income Trap
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Book Synopsis The Two-Income Trap by : Elizabeth Warren
Download or read book The Two-Income Trap written by Elizabeth Warren and published by Basic Books. This book was released on 2016-04-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: From #1 New York Times bestselling author Senator Elizabeth Warren and consultant Amelia Warren Tyagi, the classic book about America's middle class -- and why economic security remains out of reach for many. In this exposé, Elizabeth Warren and Amelia Warren Tyagi show that modern middle-class families are increasingly trapped by the grinding reality of flat wages and rising costs. Warren and Tyagi reveal how a ferocious bidding war for housing and education has silently engulfed America's suburbs, driving up the cost of keeping families in the middle class, and placing unprecedented pressure on hard-working families. Revolutionary when it was first published in 2003, The Two-Income Trap remains disturbingly relevant today. Now with a new introduction by the authors, The Two Income Trap shows why the usual remedies won't solve the problem and points toward the policy changes that would create better opportunities for both parents and children.
Book Synopsis The Two-Income Trap by : Suzanne Venker
Download or read book The Two-Income Trap written by Suzanne Venker and published by Simon and Schuster. This book was released on 2017-06-06 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dispelling our most cherished myths about work-family balance, Suzanne Venker argues in The Two-Income Trap that women who want to get married and have children will find their home lives less chaotic and far more satisfying by making motherhood, not career, their primary focus. The premise of The Two-Income Trap: Why Parents Are Choosing to Stay Home is that childrearing is no longer recognized for the enormous undertaking it is. ‘Having it all’ is an impossible goal for anyone, male or female. The needs of children don’t allow two married parents the freedom to dedicate themselves fully to something else. That isn’t a bad thing, says Venker. It’s a good thing. It’s time to shift our paradigm. There is value in pursuing both work and family; but prioritizing family over career, and being realistic with one’s goals, is the only way women can be successful at both. The ?Two-Income Trap does two things: helps elevates the status of parents at home, and helps mothers who want to be employed create a life that works. Without the stress. Without the guilt. Without regret.
Book Synopsis All Your Worth by : Elizabeth Warren
Download or read book All Your Worth written by Elizabeth Warren and published by Simon and Schuster. This book was released on 2006-01-09 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling mother/daughter coauthors of "The Two-Income Trap" now pen an essential guide to the five simple keys to lasting financial peace.
Book Synopsis Frontiers in Development Policy by : Shahid Yusuf
Download or read book Frontiers in Development Policy written by Shahid Yusuf and published by World Bank Publications. This book was released on 2011-09-15 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global crisis of 2008-09 has brought to the forefront a plethora of economic and political policy issues. There is a re-opening of discussion on basic economic concepts, appropriate framework for analysis, role of private and public sectors in the economy, structural transformation of economies, human development and managing of growing risks and crises. The purpose of this book has been to bring home the inter-linkages in various parts of the economy and the need for practical policy making to reach development goals while being aware of the instabilities, complexities and downside risks inherent in the nature of a an economy operating in a globalized world. Thematically, this book focuses on two core types of policy: policies that promote strong, sustainable and inclusive growth in low income and middle income developing countries and new and emerging policies that necessitates a discussion amongst policy makers and practitioners. Throughout the book, the authors provide insight in to the different types of policy approaches that can be taken to help the economy grow. Ultimately the book looks to foster discussion amongst policy makers on growth and development.
Book Synopsis All Your Worth by : Elizabeth Warren
Download or read book All Your Worth written by Elizabeth Warren and published by . This book was released on 2005 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling mother/daughter coauthors of "The Two-Income Trap" now pen an essential guide to the five simple keys to lasting financial peace.
Book Synopsis China's Innovation Challenge by : Arie Y. Lewin
Download or read book China's Innovation Challenge written by Arie Y. Lewin and published by Cambridge University Press. This book was released on 2016-04-14 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: The miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015. The two engines of growth - export on a scale never before witnessed and massive infrastructure investments - are reaching the point of diminishing returns. This poses the central question which is explored in this book - can China escape the middle-income trap? Assuming current political arrangements remain unchanged and that it does not or cannot adopt Western sociopolitical economic regimes, can China develop an indigenous growth model centered on innovation? This compilation gathers leading Chinese and other international scholars to consider the daunting challenges and complexities of building an innovation-driven Chinese growth model. Providing several comprehensive perspectives, it examines key areas such as the institutional system, technology, sociocultural forces and national policy. The analyses and their conclusions range from strong optimism to deep pessimism about China's future.
Book Synopsis Emerging European Economies after the Pandemic by : László Mátyás
Download or read book Emerging European Economies after the Pandemic written by László Mátyás and published by Springer Nature. This book was released on 2022-03-11 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume examines the development path of eight Central and Eastern European countries with an overlapping historical background that joined the European Union between 2004 and 2013, and identifies the main similarities and differences between the countries concerned. Based on wide comparative data analysis of Bulgaria, Croatia, The Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia, each chapter in the volume provides detailed information about the state of the economy in a specific area preceding the pandemic shock. The book offers a detailed snapshot of the state of the different areas of the economy, starting from the time when the countries concerned came out of the 2008 financial crisis, up to the date when COVID-19 hit. Further, each chapter analyzes the effects of this unprecedented shock on a particular field, which is followed by highlighting the main problems the countries are facing at present and in the near future, together with identifying the available policy options. Finally, before concluding and making general and country-specific policy recommendations, some thoughts will be given to longer-term prospects. More specifically, the question of how the subject area could contribute to avoiding the "middle-income-trap" that this region may be facing will be addressed. The comprehensive approach makes this volume a must-read for scholars and students of economics, as well as policy decision-makers in Europe, interested in a better understanding of the region's economic development.
Book Synopsis The Two-Income Trap by : Suzanne Venker
Download or read book The Two-Income Trap written by Suzanne Venker and published by Post Hill Press. This book was released on 2014-12-18 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades feminists have belabored the idea that work should be at the center of women’s lives, and that motherhood wouldn’t get in the way of this goal if society would simply cooperate. If husbands performed half the housework and childcare, if the government would invest in universal daycare and family leave, and if employers allowed parents to leave the office at 5:00 p.m., women could achieve the balance they so desperately seek. But the real reasons work-family balance remains elusive are much more complex. In The Two-Income Trap, bestselling author and Fox News contributor Suzanne Venker claims the two-income family is a trap. It encourages Americans to think about family solely in terms of economics, when in fact breadwinning is only part of the equation. The burnout that results from not having someone home to do everything mothers have historically done is huge. Not only do children lose out, marriages become stressed to the breaking point. Husbands and wives become locked in a battle over who’s going to do what on the home front. When that happens, many women view this as a marital problem when in fact the issue is time. There just isn’t enough. “The battles [between husbands and wives] aren’t always waged over actual chores or the inequity of handling them. The battle is over time,” writes Rhonda Nordin in After the Baby. At the core of this debate, writes Venker, is the fact that raising a family is no longer valued or even recognized as an enormous undertaking. The needs of children simply don’t allow both parents the freedom to dedicate themselves fully to something else. Fortunately, Americans are finally accepting this fact. Not only are more fathers staying home, the share of stay-at-home mothers rose to 29% in 2012, up from a modern-era low of 23% in 1999. This rise represents a reversal of the long-term decline in this group that had persisted for the last three decades of the 20th century—during which time feminists waved the flag of liberation. But none of it feels liberating. Women are tired of trying to keep up with the demands of full-time work and childrearing. They’re tired of trying to prove themselves. The idea that women can ‘have it all’—pursue demanding careers, raise fabulous kids and remain perfectly sane along the way—is bogus. There are only so many hours in a day. The secret to balance, for those who want it, is to accept that a woman’s life has seasons: a time for this and a time for that. Women who insist on doing everything at once are proving nothing except an allegiance to a dying movement. The era of “I am woman, hear me roar” is over. Women can have most of what they want over the course of their lives, but not if they follow the cultural script feminists have laid out for them. Women need to adjust their expectations and accept that when we choose to have children, we choose a life of trade-offs. So do men. We also need to broaden our view of what it means to be successful. Being important in the outside world is great, but it will never compare to the significance of our presence at home, and to the calming nature of that home when someone’s physically there. At the end of the day, it’s our personal success, not our professional success, that determines how happy we are. “Dr. Laura” praises The Two-Income Trap: “Ms. Venker’s contribution to humanity, to families, to marriages, to women is huge. In a way, it is sad that she’s got to argue points to prove what ought to be a “given.” On the other hand, her arguments are beautifully crafted and right on target for today’s anti-childrearing atmosphere. My hope for you, the reader, is that after you read this book, you will be unwavering in your commitment to do the right thing, and reap the incredible rewards.”
Book Synopsis China: Surpassing the “Middle Income Trap” by : Shaojie Zhou
Download or read book China: Surpassing the “Middle Income Trap” written by Shaojie Zhou and published by Palgrave Macmillan. This book was released on 2020-10-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
Book Synopsis America's Inequality Trap by : Nathan J. Kelly
Download or read book America's Inequality Trap written by Nathan J. Kelly and published by University of Chicago Press. This book was released on 2020-02-11 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between the rich and the poor has grown dramatically in the United States and is now at its widest since at least the early 1900s. While by most measures the economy has been improving, soaring cost of living and stagnant wages have done little to assuage economic anxieties. Conditions like these seem designed to produce a generation-defining intervention to balance the economic scales and enhance opportunities for those at the middle and bottom of the country’s economic ladder—but we have seen nothing of the sort. Nathan J. Kelly argues that a key reason for this is that rising concentrations of wealth create a politics that makes reducing economic inequality more difficult. Kelly convincingly shows that, when a small fraction of the people control most of the economic resources, they also hold a disproportionate amount of political power, hurtling us toward a self-perpetuating plutocracy, or an “inequality trap.” Among other things, the rich support a broad political campaign that convinces voters that policies to reduce inequality are unwise and not in the average voter’s interest, regardless of the real economic impact. They also take advantage of interest groups they generously support to influence Congress and the president, as well as state governments, in ways that stop or slow down reform. One of the key implications of this book is that social policies designed to combat inequality should work hand-in-hand with political reforms that enhance democratic governance and efforts to fight racism, and a coordinated effort on all of these fronts will be needed to reverse the decades-long trend.
Book Synopsis The Meritocracy Trap by : Daniel Markovits
Download or read book The Meritocracy Trap written by Daniel Markovits and published by Penguin. This book was released on 2020-09-08 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revolutionary new argument from eminent Yale Law professor Daniel Markovits attacking the false promise of meritocracy It is an axiom of American life that advantage should be earned through ability and effort. Even as the country divides itself at every turn, the meritocratic ideal – that social and economic rewards should follow achievement rather than breeding – reigns supreme. Both Democrats and Republicans insistently repeat meritocratic notions. Meritocracy cuts to the heart of who we are. It sustains the American dream. But what if, both up and down the social ladder, meritocracy is a sham? Today, meritocracy has become exactly what it was conceived to resist: a mechanism for the concentration and dynastic transmission of wealth and privilege across generations. Upward mobility has become a fantasy, and the embattled middle classes are now more likely to sink into the working poor than to rise into the professional elite. At the same time, meritocracy now ensnares even those who manage to claw their way to the top, requiring rich adults to work with crushing intensity, exploiting their expensive educations in order to extract a return. All this is not the result of deviations or retreats from meritocracy but rather stems directly from meritocracy’s successes. This is the radical argument that Daniel Markovits prosecutes with rare force. Markovits is well placed to expose the sham of meritocracy. Having spent his life at elite universities, he knows from the inside the corrosive system we are trapped within. Markovits also knows that, if we understand that meritocratic inequality produces near-universal harm, we can cure it. When The Meritocracy Trap reveals the inner workings of the meritocratic machine, it also illuminates the first steps outward, towards a new world that might once again afford dignity and prosperity to the American people.
Download or read book Durable Trades written by Rory Groves and published by Front Porch Republic Books. This book was released on 2020-11-12 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: With over thirty thousand occupations currently in existence, workers today face a bewildering array of careers from which to choose, and upon which to center their lives. But there is more at stake than just a paycheck. For too long, work has driven a wedge between families, dividing husband from wife, father from son, mother from daughter, and family from home. Building something that will last requires a radically different approach than is common or encouraged today. In Durable Trades, Groves uncovers family-centered professions that have endured the worst upheavals in history--including the Industrial Revolution--and continue to thrive today. Through careful research and thoughtful commentary, Groves offers another way forward to those looking for a more durable future.
Download or read book Persist written by Elizabeth Warren and published by Metropolitan Books. This book was released on 2021-05-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inspiring, influential senator and bestselling author mixes vivid personal stories with a passionate plea for political transformation. Elizabeth Warren is a beacon for everyone who believes that real change can improve the lives of all Americans. Committed, fearless, and famously persistent, she brings her best game to every battle she wages. In Persist, Warren writes about six perspectives that have influenced her life and advocacy. She’s a mother who learned from wrenching personal experience why child care is so essential. She’s a teacher who has known since grade school the value of a good and affordable education. She’s a planner who understands that every complex problem requires a comprehensive response. She’s a fighter who discovered the hard way that nobody gives up power willingly. She’s a learner who thinks, listens, and works to fight racism in America. And she’s a woman who has proven over and over that women are just as capable as men. Candid and compelling, Persist is both a deeply personal book and a powerful call to action. Elizabeth Warren—one of our nation’s most visionary leaders—will inspire everyone to believe that if we’re willing to fight for it, profound change is well within our reach.
Book Synopsis Middle-Income Trap by : Zhijie Zheng
Download or read book Middle-Income Trap written by Zhijie Zheng and published by Palgrave Macmillan. This book was released on 2021-10-06 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the essence of the middle-income trap based on two major perspectives, namely “economic transformation” and “social transformation”. China has experienced high-speed economic growth for nearly 40 years since the adoption of the Reform and Opening policies. However, China’s economic growth has been slowing down significantly in recent years. Has China tumbled into the middle-income trap? This book reveals the essence of the middle-income trap is that a country's economic growth is facing a "double squeeze" in the middle-income stage, while the social structure and system are unsuitable for the new social development stage, which leads to economic stagnation or recession, and the aggravation of social contradictions, that is, the double predicament of economic transformation and social transformation. This judgment is of great value for understanding the problems encountered in the current development of China.
Book Synopsis An East Asian Renaissance by : Indermit Singh Gill
Download or read book An East Asian Renaissance written by Indermit Singh Gill and published by World Bank Publications. This book was released on 2007 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.
Download or read book Making Ends Meet written by Kathryn Edin and published by Russell Sage Foundation. This book was released on 1997-04-17 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welfare mothers are popularly viewed as passively dependent on their checks and averse to work. Reformers across the political spectrum advocate moving these women off the welfare rolls and into the labor force as the solution to their problems. Making Ends Meet offers dramatic evidence toward a different conclusion: In the present labor market, unskilled single mothers who hold jobs are frequently worse off than those on welfare, and neither welfare nor low-wage employment alone will support a family at subsistence levels. Kathryn Edin and Laura Lein interviewed nearly four hundred welfare and low-income single mothers from cities in Massachusetts, Texas, Illinois, and South Carolina over a six year period. They learned the reality of these mothers' struggles to provide for their families: where their money comes from, what they spend it on, how they cope with their children's needs, and what hardships they suffer. Edin and Lein's careful budgetary analyses reveal that even a full range of welfare benefits—AFDC payments, food stamps, Medicaid, and housing subsidies—typically meet only three-fifths of a family's needs, and that funds for adequate food, clothing and other necessities are often lacking. Leaving welfare for work offers little hope for improvement, and in many cases threatens even greater hardship. Jobs for unskilled and semi-skilled women provide meager salaries, irregular or uncertain hours, frequent layoffs, and no promise of advancement. Mothers who work not only assume extra child care, medical, and transportation expenses but are also deprived of many of the housing and educational subsidies available to those on welfare. Regardless of whether they are on welfare or employed, virtually all these single mothers need to supplement their income with menial, off-the-books work and intermittent contributions from family, live-in boyfriends, their children's fathers, and local charities. In doing so, they pay a heavy price. Welfare mothers must work covertly to avoid losing benefits, while working mothers are forced to sacrifice even more time with their children. Making Ends Meet demonstrates compellingly why the choice between welfare and work is more complex and risky than is commonly recognized by politicians, the media, or the public. Almost all the welfare-reliant women interviewed by Edin and Lein made repeated efforts to leave welfare for work, only to be forced to return when they lost their jobs, a child became ill, or they could not cover their bills with their wages. Mothers who managed more stable employment usually benefited from a variety of mitigating circumstances such as having a relative willing to watch their children for free, regular child support payments, or very low housing, medical, or commuting costs. With first hand accounts and detailed financial data, Making Ends Meet tells the real story of the challenges, hardships, and survival strategies of America's poorest families. If this country's efforts to improve the self-sufficiency of female-headed families is to succeed, reformers will need to move beyond the myths of welfare dependency and deal with the hard realities of an unrewarding American labor market, the lack of affordable health insurance and child care for single mothers who work, and the true cost of subsistence living. Making Ends Meet is a realistic look at a world that so many would change and so few understand.
Book Synopsis How China Escaped the Poverty Trap by : Yuen Yuen Ang
Download or read book How China Escaped the Poverty Trap written by Yuen Yuen Ang and published by Cornell University Press. This book was released on 2016-09-06 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER OF THE 2017 PETER KATZENSTEIN BOOK PRIZE "BEST OF BOOKS IN 2017" BY FOREIGN AFFAIRS WINNER OF THE 2018 VIVIAN ZELIZER PRIZE BEST BOOK AWARD IN ECONOMIC SOCIOLOGY "How China Escaped the Poverty Trap truly offers game-changing ideas for the analysis and implementation of socio-economic development and should have a major impact across many social sciences." ― Zelizer Best Book in Economic Sociology Prize Committee Acclaimed as "game changing" and "field shifting," How China Escaped the Poverty Trap advances a new paradigm in the political economy of development and sheds new light on China's rise. How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate growth first," "build good institutions first," or "some fortunate nations inherited good institutions that led to growth." Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate. Combining this original lens with more than 400 interviews with Chinese bureaucrats and entrepreneurs, Ang systematically reenacts the complex process that turned China from a communist backwater into a global juggernaut in just 35 years. Contrary to popular misconceptions, she shows that what drove China's great transformation was not centralized authoritarian control, but "directed improvisation"—top-down directions from Beijing paired with bottom-up improvisation among local officials. Her analysis reveals two broad lessons on development. First, transformative change requires an adaptive governing system that empowers ground-level actors to create new solutions for evolving problems. Second, the first step out of the poverty trap is to "use what you have"—harnessing existing resources to kick-start new markets, even if that means defying first-world norms. Bold and meticulously researched, How China Escaped the Poverty Trap opens up a whole new avenue of thinking for scholars, practitioners, and anyone seeking to build adaptive systems.
