More Unequal We Stand? Inequality Dynamics in the United States 1967-2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook More Unequal We Stand? Inequality Dynamics in the United States 1967-2021 write by Jonathan Heathcote. This book was released on 2023. More Unequal We Stand? Inequality Dynamics in the United States 1967-2021 available in PDF, EPUB and Kindle. Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over the years 1967-2006, using publicly-available survey data. This paper expands the analysis, and extends it to 2021. We find that since the early 2000s, the college wage premium has stopped growing, and the race wage gap has stalled. However, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at the top, while the cyclical component of inequality dominates dynamics below the median. Inequality in consumption expenditures has remained remarkably stable over time. Income pooling within the family and redistribution by the government have enormous impacts on the dynamics of household-level inequality, with the role of the family diminishing and that of the government growing over time. In particular, largely due to generous government transfers, the COVID recession has been the first downturn in fifty years in which inequality in disposable income and consumption actually declined.
Unequal We Stand
Unequal We Stand - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Unequal We Stand write by Jonathan Heathcote. This book was released on 2009. Unequal We Stand available in PDF, EPUB and Kindle.
Innocent Bystanders? Monetary Policy and Inequality in the U.S.
Innocent Bystanders? Monetary Policy and Inequality in the U.S. - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Innocent Bystanders? Monetary Policy and Inequality in the U.S. write by Mr.Olivier Coibion. This book was released on 2012-08-01. Innocent Bystanders? Monetary Policy and Inequality in the U.S. available in PDF, EPUB and Kindle. We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.
Unequal We Stand
Unequal We Stand - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Unequal We Stand write by Jonathan Heathcote. This book was released on 2010-10. Unequal We Stand available in PDF, EPUB and Kindle. The authors conducted a systematic empirical study of cross-sectional inequality in the U.S., integrating data from various surveys. The authors follow the mapping suggested by the household budget constraint from individual wages to individual earnings, to household earnings, to disposable income, and, ultimately, to consumption and wealth. They document a continuous and sizable increase in wage inequality over the sample period. Changes in the distribution of hours worked sharpen the rise in earnings inequality before 1982, but mitigate its increase thereafter. Taxes and transfers compress the level of income inequality, especially at the bottom of the distribution, but have little effect on the overall trend. Charts and tables. This is a print-on-demand publication; it is not an original.
Political Cleavages and Social Inequalities
Political Cleavages and Social Inequalities - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Political Cleavages and Social Inequalities write by Amory Gethin. This book was released on 2021-11-16. Political Cleavages and Social Inequalities available in PDF, EPUB and Kindle. The empirical starting point for anyone who wants to understand political cleavages in the democratic world, based on a unique dataset covering fifty countries since WWII. Who votes for whom and why? Why has growing inequality in many parts of the world not led to renewed class-based conflicts, seeming instead to have come with the emergence of new divides over identity and integration? News analysts, scholars, and citizens interested in exploring those questions inevitably lack relevant data, in particular the kinds of data that establish historical and international context. Political Cleavages and Social Inequalities provides the missing empirical background, collecting and examining a treasure trove of information on the dynamics of polarization in modern democracies. The chapters draw on a unique set of surveys conducted between 1948 and 2020 in fifty countries on five continents, analyzing the links between votersÕ political preferences and socioeconomic characteristics, such as income, education, wealth, occupation, religion, ethnicity, age, and gender. This analysis sheds new light on how political movements succeed in coalescing multiple interests and identities in contemporary democracies. It also helps us understand the conditions under which conflicts over inequality become politically salient, as well as the similarities and constraints of voters supporting ethnonationalist politicians like Narendra Modi, Jair Bolsonaro, Marine Le Pen, and Donald Trump. Bringing together cutting-edge data and historical analysis, editors Amory Gethin, Clara Mart’nez-Toledano, and Thomas Piketty offer a vital resource for understanding the voting patterns of the present and the likely sources of future political conflict.
