Suchergebnisse

"We revisit to what extent the increase in income inequality over the last 30 years has been mirrored by consumption inequality. We do so by constructing two alternative measures of consumption expenditure, using data from the Consumer Expenditure Survey (CE). We first use reports of active savings and after tax income to construct the measure of consumption implied by the budget constraint. We find that the consumption inequality implied by savings behavior largely tracks income inequality between 1980 and 2007. Second, we use a demand system to correct for systematic measurement error in the CE's expenditure data. Specifically, we consider trends in the relative expenditure of high income and low income households for different goods with different income (total expenditure) elasticities. Our estimation exploits the difference in the growth rate of luxury consumption inequality versus necessity consumption inequality. This "double-differencing,'' which we implement in a a regression framework, corrects for mis-measurement that can systematically vary over time by good and income group. This second exercise indicates that consumption inequality has closely tracked income inequality over the period 1980-2007. Both of our measures show a significantly greater increase in consumption inequality than what is obtained from the CE's total household expenditure data directly"--National Bureau of Economic Research web site

Social scientists study two kinds of inequality: inequality between persons (as in income inequality) and inequality between subgroups (as in racial inequality). This paper analyzes the mathematical connections between the two kinds of inequality. The paper proceeds by exploring a set of two-parameter continuous probability distributions widely used in economic and sociological applications. We define a general inequality parameter, which governs all measures of personal inequality (such as the Gini coefficient), and we link this parameter to the gap (difference or ratio) between the means of subdistributions. In this way we establish that, at least in the two-parameter distributions analyzed here, and for the case of two nonoverlapping subgroups, as personal inequality increases, so does inequality between subgroups. This general inequality parameter also governs Lorenz dominance. Further, we explore the connection between subgroup inequality (in particular, the ratio of the bottom subgroup mean to the top subgroup mean) and decomposition of personal inequality into between-subgroup and within-subgroup components, focusing on an important decomposable measure, Theil's MLD, and its operation in the Pareto case. This allows us to establish that all the quantities in the decomposition are monotonic functions of the general inequality parameter. Thus, the general inequality parameter captures the deep structureʺ of inequality. We also introduce a whole-distribution graphical tool for assessing personal and subgroup inequality. Substantively, this work suggests that in at least some societies, characterized by special income distributions, whenever inequality disrupts social harmony and social cohesion, it attacks on two fronts, via subgroup inequality as well as personal inequality.

Contents -- Contributors -- Acknowledgments -- Part I: Introduction: Foundations of a Prismatic Metropolis -- Chapter 1: Analyzing Inequality in Los Angeles // Lawrence D. Bobo, Melvin L. Oliver, James H. Johnson Jr., and Abel Valenzuela Jr. -- Chapter 2: A Demographic Portrait of Los Angeles County, 1970 to 1990 // David M. Grant -- Chapter 3: Racial Attitudes in a Prismatic Metropolis: Mapping Identity, Stereotypes, Competition, and Views on Affirmative Action // Lawrence D. Bobo and Devon Johnson -- Part II: Opportunities Divided: Race, Space, and Gender in Los Angeles

Intro -- Cover -- Title -- Copyright -- Contents -- Chapter 1: A Long History of Inequality -- Chapter 2: Everyday Inequality -- Chapter 3: The Toxicity of Racial Inequality -- Chapter 4: Surviving and Thriving -- Chapter 5: Standing Up Against Inequality -- Glossary -- For More Information -- For Further Reading -- Index -- About the Author -- backcover.

At the global level, inequality has declined substantially over the past three decades, but within national boundaries, the picture is mixed: some countries have experienced a reduction in inequality while others, particularly advanced economies, have seen a significant increase that has, among other things, contributed to growing public backlash against globalization. Excessive levels of inequality can erode social cohesion, lead to political polarization, and ultimately lower economic growth, but whether inequality is excessive depends on country-specific factors, including the growth context in which inequality arises, along with societal preferences. This Fiscal Monitor focuses on how fiscal policy can help governments address high levels of inequality while minimizing potential trade-offs between efficiency and equity. It documents recent trends in income inequality, including inequality both between and within countries, then examines the redistributive role of fiscal policies over recent decades and underscores the importance of appropriate design to minimize any efficiency costs. It then focuses on some key components of fiscal redistribution: progressivity of income taxation, universal basic income, and public spending policies for achieving more equitable education and health outcomes. The analysis relies on the existing theoretical and empirical literature, IMF work on inequality and fiscal policy, country experiences, and new analytical work, including various static microsimulation analyses based on household survey data. Simulations using a dynamic general equilibrium model calibrated to country-specific data and behavioral parameters illustrate the potential impact of alternative budget-neutral tax and transfer measures on income inequality and economic growth

Economic inequality is one of the most divisive issues of our time. Yet few would argue that inequality is a greater evil than poverty. The poor suffer because they don’t have enough, not because others have more, and some have far too much. So why do many people appear to be more distressed by the rich than by the poor?In this provocative book, the #1 New York Times bestselling author of On Bullshit presents a compelling and unsettling response to those who believe that the goal of social justice should be economic equality or less inequality. Harry Frankfurt, one of the most influential moral philosophers in the world, argues that we are morally obligated to eliminate poverty—not achieve equality or reduce inequality. Our focus should be on making sure everyone has a sufficient amount to live a decent life. To focus instead on inequality is distracting and alienating. At the same time, Frankfurt argues that the conjunction of vast wealth and poverty is offensive. If we dedicate ourselves to making sure everyone has enough, we may reduce inequality as a side effect. But it’s essential to see that the ultimate goal of justice is to end poverty, not inequality.A serious challenge to cherished beliefs on both the political left and right, On Inequality promises to have a profound impact on one of the great debates of our time

Richard Layard is one of Britain's foremost applied economists, whose work has had a profound impact on the policy debate in Britain and abroad. This book contains his most influential articles on education, equality and income distribution and on the lessons of economic transition in Eastern Europe. It is published along with a companion volume. Inequality argues that lifetime inequality is the basic inequality we should worry about. In this context education is a powerful instrument of redistribution, as well as a national investment. Cash redistribution has efficiency costs which can be calculated, but it may also serve to discourage inefficient over-work arising from each person's efforts to earn more than his neighbour. A final series of essays is based on Layard's recent work on reform strategies in Russia and Poland. The book opens with Richard Layard's personal credo 'Why I became an economist'.

PDFs, CDFs, quantile functions, and Lorenz curves -- Summary inequality measures -- Choices of inequality measures -- Relative distribution methods -- Inference issues -- Analyzing inequality trends -- An illustrative application: inequality in income and wealth in the United States, 1991-2001

INCOME INEQUALITY: AN ALARMING U.S. TREND -- INCOME INEQUALITY: AN ALARMING U.S. TREND -- CONTENTS -- PREFACE -- Chapter 1 TRENDS IN THE DISTRIBUTION OF HOUSEHOLD INCOME BETWEEN 1979 AND 2007 -- NOTES AND DEFINITIONS -- PREFACE -- SUMMARY -- Increased Concentration of Market Income -- Income at the Very Top of the Distribution -- The Role of Government Transfers and Federal Taxes -- Increased Concentration of after-Tax Income -- TRENDS IN THE DISTRIBUTION OF HOUSEHOLD INCOME BETWEEN 1979 AND 2007 -- Introduction -- CBO's Analysis -- Increased Dispersion of Households' after-Tax Income

Income inequality has become a global phenomenon. Rapid technological advancement and an expanding global workforce will continue to place huge pressure on wages all over the world, including Singapore. This edited volume is the product of the robust exchanges that took place in a series of closed-door discussions (CDDs) on inequality that the Institute of Policy Studies organised in the first half of 2012. The essays provide a range of views on the multi-faceted nature of inequality in Singapore, discuss candidly the specific challenges we face, and offer some policy recommendations

Herbert Schiller, long one of America's leading critics of the communications industry, here offers a salvo in the battle over information. In Information Inequality he explains how privatization and the corporate economy directly affect our most highly prized democratic institutions: schools and libraries, media, and political culture. A master media-watcher, Schiller presents a crisp and far-reaching indictment of the ""data deprivation"" corporate interests are inflicting on the social fabric

"Rebecca M. Blank offers the first comprehensive analysis of an economic trend that has been reshaping the United States over the past three decades: rapidly rising income inequality. In clear language, she provides an overview of how and why the level and distribution of income and wealth has changed since 1979, sets this situation within its historical context, and investigates the forces that are driving it. Among other factors, Blank looks closely at changes within families, including women's increasing participation in the work force. The book includes some surprising findings-for example, that per-person income has risen sharply among almost all social groups, even as income has become more unequally distributed. Looking toward the future, Blank suggests that while rising inequality will likely be with us for many decades to come, it is not an inevitable outcome. Her book considers what can be done to address this trend, and also explores the question: why should we be concerned about this phenomenon?"--Provided by publisher

This text seeks to analyse and explain inequality, challenging traditional conceptions and providing a new critical perspective. The authors provide a comprehensive historical account of inequality, and show how that account no longer adequately explains the new and different forms experienced in recent decades. They argue that transformations in industrial, familial and political relations since the 1970s must be taken into account when trying to come to grips with the 'new' inequalities. As society has changed, new forms of inequality have emerged, conditioning the subject's very experience of identity, embodiment and politics. Inequality is understood, then, not as something that can be determined only with reference to traditional categories such as class but as that which works more insidiously. The authors demonstrate, for example, how bio and medical technologies produce inequalities. The book is at once a critical overview of contemporary inequality and a thorough-going textbook suitable for undergraduates