Income Polarization In The United States
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Income Polarization In The United States
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Author : Ali Alichi
language : en
Publisher: International Monetary Fund
Release Date : 2016-06-28
Income Polarization In The United States written by Ali Alichi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-28 with Business & Economics categories.
The paper uses a combination of micro-level datasets to document the rise of income polarization—what some have referred to as the “hollowing out” of the income distribution—in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather than down, the income ladder, since the turn of the current century, most of polarization has been towards lower incomes. This result is striking and in contrast with findings of other recent contributions. In addition, the paper finds evidence that, after conditioning on income and household characteristics, the marginal propensity to consume from permanent changes in income has somewhat fallen in recent years. We assess the potential impacts of these trends on private consumption. During 1998-2013, the rise in income polarization and lower marginal propensity to consume have suppressed the level of real consumption at the aggregate level, by about 31⁄2 percent—equivalent to more than one year of consumption.
Hollowing Out The Channels Of Income Polarization In The United States
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Author : Ali Alichi
language : en
Publisher: International Monetary Fund
Release Date : 2017-11-15
Hollowing Out The Channels Of Income Polarization In The United States written by Ali Alichi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-15 with Business & Economics categories.
Data show that middle-income households have continued moving down, and less so up, the income distribution in the United States since the 1970s—a phenomenon that is often referred to as the polarization or “hollowing out” of the income distribution. While the level of income polarization is generally lower in the richer states (i.e., those with higher median household income levels), there have been wide variations in the changes in income polarization over time across states. The paper develops two indices to measure income polarization including a novel hollowing-out index. Another important contribution of the paper is to examine the proximate causes of income polarization. The econometric analysis is done at both state and household levels. The results suggest that technology, measured by job routinization, and international trade, measured by job offshoring, can fully explain the non-trend rise in income polarization, with broadly equal contributions. Household characteristics, including age, education, race, and gender have also been important drivers but with a net countervailing effect on income polarization. This is mainly thanks to the rising education level of households, which has led to better incomes.
Polarized America Second Edition
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Author : Nolan McCarty
language : en
Publisher: MIT Press
Release Date : 2016-02-26
Polarized America Second Edition written by Nolan McCarty and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-26 with Political Science categories.
Updated analysis of how the increasing polarization of American politics has been accompanied and accelerated by greater income inequality. The idea of America as politically polarized—that there is an unbridgeable divide between right and left, red and blue states—has become a cliché. What commentators miss, however, is that increasing polarization has been closely accompanied by fundamental social and economic changes—most notably, a parallel rise in income inequality. In this second edition of Polarized America, Nolan McCarty, Keith Poole, and Howard Rosenthal use the latest data to examine the relationships of polarization, wealth disparity, immigration, and other forces. They find that inequality feeds directly into political polarization, and polarization in turn creates policies that further increase inequality. Paul Krugman called the first edition of Polarized America “Important.... Essential reading for anyone who wants to understand what's happening to America.” The second edition has been thoroughly brought up to date. All statistical analyses, tables, and figures have been updated with data that run through 2012 or 2014, and the text has been revised to reflect the latest evidence. The chapter on campaign finance has been completely rewritten (with Adam Bonica as coauthor); the analysis shows that with so much “soft” money coming from very wealthy ideological extremists, there is even greater campaign contribution inequality than income inequality.
Polarized America
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Author : Nolan McCarty
language : en
Publisher: MIT Press
Release Date : 2008-01-25
Polarized America written by Nolan McCarty and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-25 with Political Science categories.
An analysis of how the increasing polarization of American politics has been accompanied and accelerated by greater income inequality, rising immigration, and other social and economic changes.
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Author :
language : en
Publisher:
Release Date : 1959
written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with categories.
Inequality Polarization And Poverty
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Author : Satya R. Chakravarty
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-07-25
Inequality Polarization And Poverty written by Satya R. Chakravarty and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-25 with Business & Economics categories.
This book provides a synthesis of some recent issues and an up-to-date treatment of some of the major important issues in distributional analysis that I have covered in my previous book Ethical Social Index Numbers, which was widely accepted by students, teachers, researchers and practitioners in the area. Wide coverage of on-going and advanced topics and their analytical, articulate and authoritative p- sentation make the book theoretically and methodologically quite contemporary and inclusive, and highly responsive to the practical problems of recent concern. Since many countries of the world are still characterized by high levels of income inequality, Chap. 1 analyzes the problems of income inequality measurement in detail. Poverty alleviation is an overriding goal of development and social policy. To formulate antipoverty policies, research on poverty has mostly focused on inco- based indices. In view of this, a substantive analysis of income-based poverty has been presented in Chap. 2. The subject of Chap. 3 is people’s perception about income inequality in terms of deprivation. Since polarization is of current concern to analysts and social decisi- makers, a discussion on polarization is presented in Chap. 4.
Economic Inequality In The United States
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Author : Lars Osberg
language : en
Publisher: Routledge
Release Date : 2015-12-22
Economic Inequality In The United States written by Lars Osberg and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.
Originally published in 1984, this study explores multiple theoretical perspectives as well as critically analysing the most recent evidence at the time to try and find a full explanation for inequality in the United States. Arguments of neoclassical economists and Marxist and institutional structuralists are considered by Osberg as well as putting forward his own model. Osberg uses his findings to attempt a complete explanation of the issue and advises on policies which could be undertaken by the government to try and lessen the gap. This title will be of interest to students of Economics.
Inequality In America
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Author : Uri B. Dadush
language : en
Publisher: Brookings Institution Press
Release Date : 2012
Inequality In America written by Uri B. Dadush and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
Inequality in America provides a snapshot of the issues posed by growing economic disparity, focusing particularly on America but drawing on international comparisons to help set the context. The authors examine the economic, technological, and political drivers of inequality as well as identify worrying trends associated with its rise, making the issues surrounding income distribution accessible to a wider public.
International Perspectives On Household Wealth
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Author : Edward N. Wolff
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
International Perspectives On Household Wealth written by Edward N. Wolff and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Political Science categories.
Editor Wolff is a leading authority on income, wealth, and inequality in the US, and contributing authors are well-respected experts in their field. Overall, the research is high quality, and most papers include a substantial list of references. A plethora of data is considered, and much statistical evidence is presented. . . . A useful contribution to the literature on income distribution and wealth inequality. Recommended. E. Kacapyr, Choice The contributors to this comprehensive book compile and analyse the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during the 1990s and into the twenty-first century. The authors show that in the US, trends are highlighted in terms of wealth holdings, among the low-income population, along with changes in wealth polarization, racial differences in wealth holdings, and the dynamics of portfolio choices. The consensus between the authors is that wealth inequality has generally risen among these OECD countries since the early 1980s, although Germany stands out as an exception. In the case of the US, it is also noted that wealth holdings have generally failed to improve among low-income families and that the racial wealth gap widened during the late 1980s. International Perspectives on Household Wealth also contains new results on a number of topics, including measures and changes of wealth polarization in the US, measurement and changes of portfolio span in the US, asset holdings of low-income households in the US, and the effects of parental resources on asset holdings in Chile. Academic, government, and public policy economists in OECD countries, as well as those in so-called middle-income countries around the world, will find much to engage them within this book. It will also appeal to academics and researchers of international and welfare economics and other social scientists interested in the issue of inequality.
Income Inequality
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Author : Janet C. Gornick
language : en
Publisher: Stanford University Press
Release Date : 2014-08-01
Income Inequality written by Janet C. Gornick and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-01 with Social Science categories.
This state-of-the-art volume presents comparative, empirical research on a topic that has long preoccupied scholars, politicians, and everyday citizens: economic inequality. While income and wealth inequality across all populations is the primary focus, the contributions to this book pay special attention to the middle class, a segment often not addressed in inequality literature. Written by leading scholars in the field of economic inequality, all 17 chapters draw on microdata from the databases of LIS, an esteemed cross-national data center based in Luxembourg. Using LIS data to structure a comparative approach, the contributors paint a complex portrait of inequality across affluent countries at the beginning of the 21st century. The volume also trail-blazes new research into inequality in countries newly entering the LIS databases, including Japan, Iceland, India, and South Africa.