Rich and Poor in America: A Reference Handbook

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ABC-CLIO, 2008 - Social Science - 275 pages
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"Rich and Poor in America: A Reference Handbook" provides an in-depth analysis of--and possible solutions for--the growing disparity between those at the top of the economic ladder and everyone else, a disparity that has reached its highest level since the 1920s.

Expertly researched and written, "Rich and Poor in America" explores a wide range of explanations for the trend that undercuts the U.S.'s "Land of Opportunity" image, including heavy immigration, weakening labor unions, globalization, and technological change. Separate chapters look at the issue chronologically and from a global perspective, while biographical sketches provide fascinating portraits of some of the "winners" in our winner-take-all society, as well as leading scholars and activists working on this issue.

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"Rich and Poor in America: A Reference Handbook" provides an in-depth analysis of the widening income gap in the United States--a situation where, over nearly three decades, fewer and fewer Americans have made significant financial strides while more and more have seen their real incomes remain the same or decrease.

Objective, expertly researched and clearly written, "Rich and Poor in America" looks at a wide range of explanations for the income gap, including heavy immigration, weakening labor unions, globalization, and technological change. Separate chapters examine the trend as it has evolved over time and from a global perspective, while biographical sketches provide fascinating portraits of some of notable successful individuals as well as leading scholars and activists working on this issue.

 

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Contents

Background and History
1
A Widening Gap
3
Measuring Income Inequality
5
Wealth Inequality
7
LongTerm Trends
9
Rowboats Yachts and Rising Tides
11
Race Ethnicity and Economic Inequality
13
Income Inequality and Health
16
Chronology
107
Biographical Sketches
127
Anne L Alstott b 1963
128
Warren E Buffett b 1930
129
John Bates Clark 18471938
130
Chuck Collins b 1960
131
Marian Wright Edelman b 1939
132
John Edwards b 1953
133

Income Inequality and Education
18
A Shrinking Middle Class?
21
Mobility
23
The Political Dimension
25
Problems Controversies and Solutions
31
The Wage Structure and Human Capital
32
Labor Skills Labor Demand and Technological Change
33
International Competition
35
Immigration
37
Unions and the Wage Distribution
39
The Minimum Wage and Inequality
41
Winner Take All?
42
Family Structure and Income Distribution
44
Political Perspectives on Income Inequality
46
Education as an Income Equalizer
47
The Effectiveness of Early Interventions
48
US Schools and Inequality
51
Ways to Improve LowSES Student Performance
53
Ticket to the Middle Class
55
Working on the Labor Market
57
The Living Wage as a Boost to Low Wages
58
Stronger Unions as a Means to Lift Low Wages
59
Earned Income Tax Credit
60
Limits on CEO Pay
62
Immigrant Labor Supplies
63
Taxes and Transfer Payments
65
Wealth and Estate Taxes
68
AssetBuilding Policies
70
Summary
72
Worldwide Perspective
79
National Rates of Income Inequality
81
Income Inequality in Latin America and Africa
83
Poverty in the Rich Countries
85
National Trends in Income Inequality
87
Divergence or Convergence?
90
A New Concept of Global Inequality
92
Less Inequality Less Poverty?
94
The United States in Global Perspective
96
Top US Incomes in Worldwide Perspective
98
CEO Pay and Income Inequality
99
A So Far NonAmerican Response to Wealth Inequality
101
A Caution on Wealth Taxes
103
Barbara Ehrenreich b 1941
134
Victor R Fuchs b 1924
135
William H Gates III b 1955
136
Corrado Gini 18841965
137
Hetty Green 18341916
138
Dolores Huerta b 1930
139
Jonathan Kozolb 1936
140
Simon Kuznets 19011985
141
Bhashkar Mazumder b 1966
142
Sara S McLanahan b 1940
143
Mollie Orshansky 19152006
144
John D Rockefeller 18391937
145
Paul G Schervish b 1946
146
Thomas M Shapiro b 1947
147
Michael Sherraden b 1948
148
Ronald J Sider b 1939
149
Timothy M Smeeding b 1948
150
Samuel Walton 19181992
151
Edward N Wolff b 1946
152
Data and Documents
155
The Maxwell School Survey
171
Concerns about Inequality
173
California Kids Investment and Development Savings KIDS Accounts
175
Ben Bernanke on US Income Inequality
179
The Great CEO Guarantee
182
Are CEOs Overpaid?
184
The Estate Tax Recycles Opportunity
187
Being Profitable Is Giving Back
190
Andrew Carnegie on What to Do with a Fortune 1889
192
The CarnegieBuffett Connection
194
Being Poor
197
Directory of Organizations
201
Selected Print and Nonprint Resources
227
Books
230
Nonprint Resources
247
Videos
251
Contact Information for Video Distributors and Vendors
256
Glossary
259
Index
263
About the Author
275
Copyright

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About the author (2008)

Geoffrey Gilbert, PhD, is professor of economics at Hobart and William Smith Colleges, Geneva, NY. His published works include ABC-CLIO's World Population and World Poverty.

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