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Trends In Us Wage Inequality
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Book Synopsis Income Inequality in America by : Paul Ryscavage
Download or read book Income Inequality in America written by Paul Ryscavage and published by M.E. Sharpe. This book was released on 1999 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, the author seeks to analyze various aspects of growing inequality of income in society. What is income inequality? How is it measured? How does it relate to poverty? The author addresses these and other conceptual issues in the book.
Download or read book The Wage Gap written by Noël Merino and published by Greenhaven Publishing LLC. This book was released on 2014-06-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume's collected essays present issues related to the wage gap, including problems with the wage gap between men and women, the wage gap as a rich and poor problem, and the wage gap among races. Essays also debate whether education is key to reducing the wage gap. Students are encouraged to see the validity of divergent opinions, so that they may understand issues inclusively. Fact boxes are included to summarize important information for researchers.
Book Synopsis Trends in U.S. Wage Inequality by : David H. Autor
Download or read book Trends in U.S. Wage Inequality written by David H. Autor and published by . This book was released on 2005 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We reexamine these claims using detailed data from the Current Population Survey and find only limited support. Although the growth of overall inequality in the U.S. slowed in the 1990s, upper tail inequality rose almost as rapidly during the 1990s as during the 1980s. A decomposition applied to the CPS data reveals large and persistent rise in within-group earnings inequality over the past several decades, controlling for changes in labor force composition. While changes in the minimum wage can potentially account for much of the movement in lower tail earnings inequality, strong time series correlations of the evolution of the real minimum wage and upper tail wage inequality raise questions concerning the causal interpretation of such relationships
Book Synopsis On the Evolution of Income Inequality in the United States: A Reprint from the “Economic Quarterly” by :
Download or read book On the Evolution of Income Inequality in the United States: A Reprint from the “Economic Quarterly” written by and published by DIANE Publishing. This book was released on with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inequality and Mobility written by and published by . This book was released on 1998 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rich Get Richer, The: American Wage, Wealth And Income Inequality by : Thomas Hyclak
Download or read book Rich Get Richer, The: American Wage, Wealth And Income Inequality written by Thomas Hyclak and published by World Scientific. This book was released on 2023-07-24 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inequality of wages among workers and inequality of income and wealth among families and households has been rising steadily for the past half-century in the United States and other developed economies. However, the United States stands out for having the most unequal wage and income distributions to begin with and for experiencing the fastest rise in inequality over the following decades. While this has been a long-developing situation and the subject of academic interest for some time, it is only in the last decade or so that inequality has attracted considerable public attention and become a political issue. Inequality has also become a subject of renewed interest among economists, with a growing number of scholars engaged in the development of new databases and the analysis of the causes and effects of increased inequality.This book provides an overview of the economic analysis of wage, income and wealth inequality in the United States, with a focus on this recent research. It provides the reader with an understanding of the complex causes of rising inequality, the serious consequences that make rising inequality an issue for public policy, and the potential policy actions that might be taken to slow or reverse rising inequality. The author presents an economic and statistical analysis in clear non-technical language to allow the general reader or student in an undergraduate course to learn the insights that economists have gained into the issue of inequality in advanced economies.The book contends that rising wage inequality among workers and income and wealth inequality among families reflects the complex interaction of profound changes in the US economy over the last half-century. These are not limited to economic changes like new technology, increased globalization, changes in the internal structure of firms, and the rise of new growth sectors in tech, finance, and health care. Of additional critical importance are changes in public opinion and political platforms and policies that replaced the New Deal view of the economic role of government with a pro-business, free-market philosophy that has changed labor market policy in a direction promoting increased inequality. This major change in the environment raises important questions about the efficacy of policy proposals. An additionally intriguing issue is the ultimate impact of the financial crisis and the Covid-19 pandemic on perceptions of and support for government policies designed to reverse the seemingly inexorable trend toward greater inequality. This book traces the evolution of inequality over time through key concept illustrations and language that is easy enough to understand, even for the general reader.
Book Synopsis The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades by : David H. Autor
Download or read book The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades written by David H. Autor and published by DIANE Publishing. This book was released on 2010 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than half as large as those reported elsewhere and are almost negligible for males. Nevertheless, the estimated effects extend to wage percentiles where the minimum is nominally non-binding, implying spillovers. However, we show that spillovers and measurement error (absent spillovers) have similar implications for the effect of the minimum on the shape of the lower tail of the measured wage distribution. With available precision, we cannot reject the hypothesis that estimated spillovers to non-binding percentiles are due to reporting artifacts. Accepting this null, the implied effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured wage distribution.
Book Synopsis Recent Trends in Wage Inequality by : Max Woolf
Download or read book Recent Trends in Wage Inequality written by Max Woolf and published by . This book was released on 2003 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Uneven Tides by : Sheldon H. Danziger
Download or read book Uneven Tides written by Sheldon H. Danziger and published by Russell Sage Foundation. This book was released on 1992-12-17 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Wage Levels and Inequality by : Marvin H. Kosters
Download or read book Wage Levels and Inequality written by Marvin H. Kosters and published by A E I Press. This book was released on 1998 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the cost and standard of living, income distribution, wage surveys, and wages.
Book Synopsis The Trend in Inequality Among Families, Individuals, and Workers in the United States by : Lynn A. Karoly
Download or read book The Trend in Inequality Among Families, Individuals, and Workers in the United States written by Lynn A. Karoly and published by . This book was released on 1992 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage and Job Trends in the U.S. Labor Market by : Marvin H. Kosters
Download or read book Wage and Job Trends in the U.S. Labor Market written by Marvin H. Kosters and published by . This book was released on 1998 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Future of Lousy Jobs? by : Gary Burtless
Download or read book A Future of Lousy Jobs? written by Gary Burtless and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians, journalists, and the public have expressed rising concern about the decline—or percieved decline—in middle-class jobs. The U.S. work force is viewed as increasingly divided between a prosperous minority that enjoys ever-rising wages and a less affluent majority that struggles harder each year to make ends meet. To determine whether and why this view of the job market is accurate, labor market economists anaylze trends in the distribution of jobs and wages over the past two decades and attempt to forecast the future course of American earnings inequality. McKinley L. Blackburn, David E. Bloom, and Richard B. Freeman assess the reasons behind the deterioration of earnings and job opportunities among less skilled men. They consider the impact of changes in industrial structure, declines in unionization, and trends in the level and quality of schooling for men who have limited skills and education. Gary Burtless examines the effect of the business cycle, within and across different regions of the United States, on earnings inequality and analyzes the effects of demographic change on inequality over the past twenty years. Rebecca M. Blank studies the rise of part-time employment and its impact on wages, fringe benefits, and the quality of jobs. Linda Dachter Loury focuses on the effect of the baby boom and baby bust on demand for schooling among new labor market entrants. If young entrants are discouraged from seeking college training by the high cost or low payoff of schooling, the long-term impact will be a gradual decline in the skills of the U.S. work force. Robert Mofitt analyzes the effect of welfare state programs on the growth of low-wage jobs, and the extent to which the welfare reforms of the eighties have affected low-income workers.
Book Synopsis The Macroeconomic Implications of Rising Wage Inequality in the United States by : Jonathan Heathcote
Download or read book The Macroeconomic Implications of Rising Wage Inequality in the United States written by Jonathan Heathcote and published by . This book was released on 2008 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, the US wage structure has been transformed by a rising college premium, a narrowing gender gap, and increasing persistent and transitory residual wage dispersion. This paper explores the implications of these changes for cross-sectional inequality in hours worked, earnings and consumption, and for welfare. The framework for the analysis is an incomplete-markets overlapping-generations model in which individuals choose education and form households, and households choose consumption and intra-family time allocation. An explicit production technology underlies equilibrium prices for labor inputs differentiated by gender and education. The model is parameterized using micro data from the PSID, the CPS and the CEX. With the changing wage structure as the only primitive force, the model can account for the key trends in cross-sectional US data. We also assess the role played by education, labor supply, and saving in providing insurance against shocks, and in exploiting opportunities presented by changes in the relative prices of different types of labor.
Book Synopsis Wage Inequality by : Francine D. Blau
Download or read book Wage Inequality written by Francine D. Blau and published by A E I Press. This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares trends in wage inequalities in the USA and nine other industrialized countries in the middle to late 1980s. Concludes that wages are more unequal in the USA than they are in other advanced economies.
Book Synopsis Understanding Wage Inequality by : Ch'ŏl Chŏng
Download or read book Understanding Wage Inequality written by Ch'ŏl Chŏng and published by 대외경제정책연구원. This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the trend of the wage inequality and the metropolitan wage premium in the United States during the 1980s. Two distinct sets of literature documented that the wage inequality between skilled and unskilled workers and the metropolitan wage premium have risen significantly during the decade. When we combine these two sets of evidence and consider the interaction between skill and location, however, the increasing trends of the skill wage gap and the metropolitan wage premium almost disappear. Most of the dynamic changes are picked up by the interaction term, an extra metropolitan wage premium for skill, which rises significantly over the decade. As a partial explanation we find an increasing trend of the skill wage inequality across industries and occupations within metropolitan areas relative to non-metropolitan areas. This finding suggests that the skill biased technology alone may not sufficiently explain the growing wage inequality and it can be interpreted as a metropolitan specific phenomenon to an extent.
Book Synopsis The State of Working America by : Lawrence Mishel
Download or read book The State of Working America written by Lawrence Mishel and published by Cornell University Press. This book was released on 2012-12-15 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Reviews of Previous Editions— "The State of Working America remains unrivaled as the most-trusted source for a comprehensive understanding of how working Americans and their families are faring in today's economy."—Robert B. Reich "It is the inequality of wealth, argue the authors, rather than new technology (as some would have it), that is responsible for the failure of America’s workplace to keep pace with the country’s economic growth. The State of Working America is a well-written, soundly argued, and important reference book."—Library Journal "An indispensable work on family income, wages, taxes, employment, and the distribution of wealth."—New York Review of Books Since 1988, The State of Working America has provided a comprehensive answer to a question newly in vogue in this age of Occupy Wall Street: To what extent has overall economic growth translated into rising living standards for the vast majority of American workers and their families? In the 12th edition, Lawrence Mishel, Josh Bivens, Elise Gould, and Heidi Shierholz analyze a trove of data on income, jobs, mobility, poverty, wages, and wealth to demonstrate that rising economic inequality over the past three decades has decoupled overall economic growth from growth in the living standards of the vast majority. The new edition of The State of Working America also expands on this analysis of American living standards, most notably by placing the Great Recession in historical context. The severe economic downturn that began in December 2007 came on the heels of a historically weak recovery following the 2001 recession, a recovery that saw many measures of living standards stagnate. The authors view the past decade as "lost" in terms of living standards growth, and warn that millions of American households face another decade of lost opportunity. Especially troubling, the authors stress, is that while overall economic performance in the decades before the Great Recession was more than sufficient to broadly raise living standards, broad-based growth was blocked by rising inequality driven largely by policy choices. A determinedly data-driven narrative, The State of Working America remains the most comprehensive resource about the economic experience of working Americans.
