Income Inequality in America: An Analysis of Trends

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Overview

Paul Ryscavage, a noted labor economist, seeks to analyze various aspects of a major contemporary economic problem: the growing inequality of income in society.

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? ...

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More About This Book

Overview

Paul Ryscavage, a noted labor economist, seeks to analyze various aspects of a major contemporary economic problem: the growing inequality of income in society.

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?

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Editorial Reviews

Booknews
Labor economist Ryscavage looks at a number of indexes for the measurement and describes the growth of inequality since World War II. Finding that all ways of looking at income describe growing inequality, he explores future trends, makes international comparisons, and recommends policy solutions. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

Table of Contents

List of Tables and Figures
Foreword
Preface
Ch. 1 The Income Distribution: Incomes as Outcomes 3
Ch. 2 Concepts and Methods of Inequality Analysis 24
Ch. 3 Inequality in the Post-World War II Era 45
Ch. 4 Trends in Earnings and Earnings Inequality 81
Ch. 5 Suggested Causes of Growing Inequality 109
Ch. 6 Inequality Before 1950 131
Ch. 7 International Comparisons 157
Ch. 8 The Future 178
App. A Inequality Measures 189
App. B Changes in the Current Population Survey 191
App. C: Statistics 193
Notes 199
Index 215
About the Author 229
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