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The various issues involved in measuring income inequality in the U.S. are analyzed in this book. In describing the level of inequality inherent in a particular graduation it is important which income recipient and which data set is used and also the measure of income inequality used as the appropriate summary statistic. Recent trends in labor markets are examined and the book attempts to trace the impact of these trends on the distribution of income for various age, race and occupational cohorts, and across states. Some new methods for analyzing inequality in a multidimensional framework are also discussed. This book provides one of the most comprehensive treatments of income inequality available to date.

Presented are new methods and new empirical studies on the subject of income inequality and poverty. The purpose of the book is to explore new ways to analyze recent trends in income inequality and poverty, both from the perspective of quantifying poverty and inequality and quantifyig the impact of various factors on the trends in inequality and poverty. The novelty lies in the diversity of empirical approaches used and customers will benefit from learning about different methods

The purpose of this paper is to examine the nature of the latent component in the distribution of earnings. The distribution of earnings can be deconvoluted into a latent and an observable component. The observed component is generated by those measurable characteristics of the individual that are interpreted as indicators of productivity. The latent component is generated by misinformation, discrimination and ignorance on the part of the employer. In this paper we employ the distribution of the residuals of a series of Mincer type equations as the proxy for the distribution of the latent component in earnings. By using various specifications and by computing distributions across occupations we are able to remove the confounding influence of potential specification bias. The residuals are examined using the Bera-Jargue test for normality and Elderton's Kappa criterion. The results are reported for 34 occupations using the 1990 CPS data.

An examination of the impact of economic structure & of legal & political rights on economic progress. Noting that research in this area has been hampered by lack of a comprehensive measure of economic liberty among nations, aggregate indexes of economic liberty are constructed in which information from several liberty indicators is assembled & summarized. Fifteen attributes of economic liberty -- eg, freedom of foreign currency regime, freedom from military draft, & freedom of information -- are weighted & coded for 144 countries, utilizing principal components analysis & the instrumental variable approach. From the summary indexes contructed, aggregate rankings for individual countries are drawn, & correlated with average economic growth covering 1950-1980. The results indicate a correlation between a low degree of economic freedom & low levels of economic growth, supporting the contention that economic freedom is essential for economic development. 3 Tables, 1 Appendix, 20 References. I. Shagrir