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Inequality and Industrial Change: A Global View

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Overview

The world knows that there is a global crisis of inequality in pay. But what caused it? Where is it more and where less severe? What can be done? This book deploys new techniques and a new global data set to advance striking answers to these questions, answers that have eluded even the largest international research institutions such as the OECD and the World Bank. Chapters trace the U.S. wage structure back to 1920, the relationship of inequality and unemployment in Europe, and the relationships of inequality to economic growth, liberalization, financial crisis, state violence and industrial policy in more than fifty developing countries.

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Editorial Reviews

From the Publisher
"This volume provides an excellent source of empirical evidence on global wage inequality, a good theoretical discussion of the economic literature on inequality, and an invaluable tutorial on measuring inequality." Eastern Economic Journal
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Product Details

  • ISBN-13: 9780521662741
  • Publisher: Cambridge University Press
  • Publication date: 5/28/2001
  • Pages: 336
  • Product dimensions: 5.98 (w) x 8.98 (h) x 1.02 (d)

Table of Contents

Part I. Introduction to Theory and Method: 1. The macroeconomics of income distribution James K. Galbraith; 2. Measuring inequality and industrial change Maureen Berner and John K. Galbraith; Part II. Inequality, Unemployment and Industrial Change: 3. The American wage structure: 1920–1947 Thomas Ferguson and James K. Galbraith; 4. Inequality in American manufacturing wages, 1920–1998: a revised estimate James K. Galbraith and Vidal Garza Cantú; 5. Industrial change in the OECD: new evidence from the STAN Amy Calistri and James K. Galbraith; 6. Inequality and unemployment in Europe: the American cure Pedro Conceição, Pedro Ferreira, and James K. Galbraith; Part III. Inequality and Development: 7. Towards a new Kuznets hypothesis: theory and evidence on growth and inequality Pedro Conceição and James K. Galbraith; 8. Measuring the evolution of inequality in the global economy James K. Galbraith and Lu Jiaqing; 9. Economic regionalization, inequality, and financial crises James K. Galbraith and Lu Jiaqing; 10. Inequality and state violence: a short report James K. Galbraith and George Purcell; 11. Grading the performance of Latin American regimes, 1970–1995 James K. Galbraith and Vidal Garza Cantú; 12. The evolution of industrial earnings inequality in Mexico and Brazil Paulo Du Pin Calmon, Pedro Conceição, James K. Galbraith, Vidal Garza Cantú and Abel Hibert; 13. The legacy of the HCI: an empirical analysis of Korean industrial policy James K. Galbraith and Junmo Kim; 14. Inequality and economic development: concluding reflections; Part IV. Technical Appendices: 15. Constructing long and dense time series of inequality using the Theil statistic Pedro Conceição and James K. Galbraith; 16. Cluster and discriminant analysis on time series as a social science research tool James K. Galbraith and Lu Jiaqing.

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