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disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … labour share fall, while its increase in the 2000s prevented inequality from worsening three times more than it actually did …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …
Persistent link: https://www.econbiz.de/10010368155
This paper estimates the union effects on the wage gap and dispersion in two pooled samples of construction craftworkers (CPS 1983-88 and 2000-05) using decomposition analysis and kernel density estimation. It shows that despite the decline in the adjusted union wage gap declined over time, the...
Persistent link: https://www.econbiz.de/10010288079
dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial …
Persistent link: https://www.econbiz.de/10010284077
-class squeeze.' Median wealth grew briskly in the late 1990s. It grew even faster in the aughts, while the inequality of net worth … prices, indicate that median wealth plunged by 36 percent and there was a fairly steep rise in wealth inequality, with the …
Persistent link: https://www.econbiz.de/10010281726
, increased that for higher-paid employees, and led to an increase in income inequality. Thus, the more important aspects of new …
Persistent link: https://www.econbiz.de/10010287798
We assess the effectiveness of means-tested and social insurance programs in the United States. We show that per capita expenditures on these programs as a whole have grown over time but expenditures on some programs have declined. The benefit system in the U.S. has a major impact on poverty...
Persistent link: https://www.econbiz.de/10010285778
Forty-five years ago, the A. Philip Randolph Institute issued The Freedom Budget, in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and...
Persistent link: https://www.econbiz.de/10010286508
for those at the bottom of the income scale? Will ARRA reverse the upward trend in inequality that we have seen in the … creation, ARRA is likely to have little impact on overall income inequality, or on the income gaps between relatively …
Persistent link: https://www.econbiz.de/10010266588
distribution including earnings inequality. In addition, we correlate component membership with worker type to provide a tacit link …
Persistent link: https://www.econbiz.de/10013269244
United States (1921-2012) to estimate two Gini-like indices representing inequality at the bottom and the top of the income … to be mostly explained by an increase in inequality at the bottom of the income distribution, which more than offsets the … decrease in inequality at the top. The implication is that middle incomes gained relative to high incomes, but especially …
Persistent link: https://www.econbiz.de/10010513028