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?
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Changes in Income and Earnings
Can Inequality be Reduced?
Details of the Chapter 2 Simulation and Appendix Figures
Figures Showing Income Components by Decile 1979 and 2007
Details of the Chapter 4 Simulations
Aaron Wildavsky adjusted for family annual earnings Annual Income bottom half calculate changes in family changes in inequality chapter Coefficient of variation column components by decile constant decile in 1979 decline demographic Distribution of annual distribution of earnings distribution of income distribution of total earnings distribution earnings inequality economic inequality economic shocks eighteen to sixty-four family income family types family-unit income adjusted Figure Gini coefficient government income groups growth high school hold family hourly wages income components Income Decile income distribution income inequality income levels income sources labor-force participation less-skilled long-term lower-income marriage married couples married-couple family units median income nomic permillage person income based persons in married-couple persons in single-headed physical capital population poverty line programs ratio 50/10 ratio rising inequality sample shifts shows simulation single individuals single-headed family units sixty-four-year-olds technologies total income trends unearned income wage inequality wealth well-being women