The Causes & Consequences of Increasing Inequality: 2 (Bush School Series in the Economics of Public Policy) - Hardcover

Welch, Finis

Hardcover

ISBN 10: 0226893014 ISBN 13: 9780226893013

Publisher: University of Chicago Press, 2001

Synopsis

Despite the economic boom of the 1990s, the gap between the wealthy and the poor in the United States is growing larger. This volume draws together a panel of scholars who address the issue in terms comprehensible to non-economists. Their findings are surprising, suggesting that factors such as trade imbalances, immigration rates and differences in educational resources do not account for recent increases in the inequality of wealth and earnings. Rather, the contributors maintain that these discrepancies can be attributed to workplace demend for high-skilled labour. They also insist that further research must examine the organization of industry in order to better understand the concurrent devaluation of manual labour.

About this title

About the Author

Finis Welch is the Abell Professor of Liberal Arts and Distinguished Professor of Economics at Texas A & M University and emeritus professor of economics at UCLA.

From the Back Cover

Although the economic boom of the 1990s helped the poor, the gap between the poor and the wealthy in the United States has continued to increase. Ample evidence exists to validate perceived trends in wage, income, and overall wealth disparity, but there is little agreement on the causes of such inequality and what might be done to alleviate it.

This volume draws together a panel of distinguished scholars who address these issues. Their findings are surprising, suggesting that factors such as trade imbalances, immigration rates, and differences in educational resources do not account for recent increases in the inequality of wealth and earnings. Rather, the contributors maintain that these discrepancies can be attributed to workplace demand for high-skilled labor. They also insist that further research must examine the organization of industry in order to better understand the concurrent devaluation of manual labor.

Addressing a topic that is of considerable public interest, this collection helps move the issue of increasing economic inequality in America to the center of the public policy arena.

Contributors: Donald R. Deere, Claudia Goldin, Lawrence F. Katz, James P. Smith, Franco Peracchi, Gary Solon, Eric A. Hanushek, Julie A. Somers, Marvin H. Kosters, William Cline, Finis Welch, Angus Deaton, Charles Murray, Kevin Murphy

From the Inside Flap

Although the economic boom of the 1990s helped the poor, the gap between the poor and the wealthy in the United States has continued to increase. Ample evidence exists to validate perceived trends in wage, income, and overall wealth disparity, but there is little agreement on the causes of such inequality and what might be done to alleviate it.

This volume draws together a panel of distinguished scholars who address these issues. Their findings are surprising, suggesting that factors such as trade imbalances, immigration rates, and differences in educational resources do not account for recent increases in the inequality of wealth and earnings. Rather, the contributors maintain that these discrepancies can be attributed to workplace demand for high-skilled labor. They also insist that further research must examine the organization of industry in order to better understand the concurrent devaluation of manual labor.

Addressing a topic that is of considerable public interest, this collection helps move the issue of increasing economic inequality in America to the center of the public policy arena.

Contributors: Donald R. Deere, Claudia Goldin, Lawrence F. Katz, James P. Smith, Franco Peracchi, Gary Solon, Eric A. Hanushek, Julie A. Somers, Marvin H. Kosters, William Cline, Finis Welch, Angus Deaton, Charles Murray, Kevin Murphy

Edition details

• Publisher: University of Chicago Press
• Publication date: 2001
• Language: English
• ISBN 10: 0226893014
• ISBN 13: 9780226893013
• Binding: Hardcover
• Number of pages: 386