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Has This Happened Before?

Matthew P. Drennan

in Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.003.0007
Subject:
Political Science, Public Policy

Has rising income inequality or rising household debt or a housing price bubble played a role in serious economic decline in the past? Did a rising average propensity to consume, and thus a falling ... More


Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Matthew P Drennan

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
book
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.001.0001
Subject:
Political Science, Public Policy

This book tells two stories. First, it shows that rising income inequality played a major role in causing the financial crisis and Great Recession of 2008-2009. While others have argued that rising, ... More


Introduction

Matthew P. Drennan

in Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.003.0001
Subject:
Political Science, Public Policy

Synopsis of book. U.S. trends in income distribution. Causes of rising income inequality. Consumers shift to massive debt. Why most economists overlooked importance of income inequality. Strong ... More


Education for Equality and Growth

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0016
Subject:
Society and Culture, Asian Studies

Understanding the factors and implications of income inequality in our society is of paramount importance. It tells us what has to be done to reduce inequality and alleviate the poverty problem. This ... More


Labor Market Flexibility, Employment, and Inequality: Lessons from Chile

Paul W. Posner

in Labor Politics in Latin America: Democracy and Worker Organization in the Neoliberal Era

Published in print:
2018
Published Online:
May 2019
ISBN:
9781683400455
eISBN:
9781683400677
Item type:
chapter
Publisher:
University Press of Florida
DOI:
10.5744/florida/9781683400455.003.0003
Subject:
Society and Culture, Latin American Studies

Flexibility proponents assert that rigid Latin American labor markets impede economic expansion and job growth; they advocate reforming labor codes through increased flexibility. Critics argue that ... More


Conclusion

Matthew P. Drennan

in Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.003.0008
Subject:
Political Science, Public Policy

Rising income inequality has had deleterious effects upon household debt and saving. The overhang of debt and revived saving by households post 2007 will be a drag on economic expansion for some ... More


Extreme Inequality in Income and Wealth

Venkat Venkatasubramanian

in How Much Inequality Is Fair?: Mathematical Principles of a Moral, Optimal, and Stable Capitalist Society

Published in print:
2017
Published Online:
January 2019
ISBN:
9780231180726
eISBN:
9780231543224
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231180726.003.0001
Subject:
Economics and Finance, Econometrics

Chapter one provides a summary of the global trends in income inequality and ask what kind income distribution there ought to be, under ideal conditions, in a free market society. The chapter also ... More


The Challenge of European Inequality

Francesco Caselli, Mário Centeno, Álvaro Novo, and José Tavares

in After the Crisis: Reform, Recovery, and Growth in Europe

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198754688
eISBN:
9780191816260
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198754688.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

In this chapter, the policy consequences of inequality in the Eurozone are measured, analysed, and discussed. Market income inequality among European households is lower than in the USA, where there ... More


Introduction

Wiemer Salverda, Brian Nolan, Daniele Checchi, Ive Marx, Abigail McKnight, István GyörgyTóth, and Herman van de Werfhorst

in Changing Inequalities in Rich Countries: Analytical and Comparative Perspectives

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199687435
eISBN:
9780191767135
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199687435.003.0001
Subject:
Economics and Finance, Public and Welfare

This chapter provides the introduction to a collection of 11 comparative chapters and a concluding chapter which, based on 30 country studies (25 European, USA, Canada, Australia, Japan, Korea; ... More


Education and Earnings of the Bottom 99%

Yue Chim Richard Wong

in Fixing Inequality in Hong Kong

Published in print:
2017
Published Online:
January 2018
ISBN:
9789888390625
eISBN:
9789888390373
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888390625.003.0015
Subject:
Economics and Finance, Public and Welfare

“We are the 99%!” was the rallying cry of the short-lived Occupy Wall Street movement. It reflected concern about the finding that the share of total income enjoyed by the top 1% of earners has ... More


Pakistan: a journey of poverty-induced shame

Sohail Choudhry

in The shame of it: Global perspectives on anti-poverty policies

Published in print:
2013
Published Online:
May 2014
ISBN:
9781447308713
eISBN:
9781447312093
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781447308713.003.0006
Subject:
Sociology, Social Stratification, Inequality, and Mobility

This chapter begins with a discussion of the changing political discourse in Pakistan from the 1960s until today, concerning welfare that prioritized economic growth by way of creating infrastructure ... More


Introduction: Chinese Social Policy in a Time of Transition

Karen Baehler and Douglas J. Besharov

in Chinese Social Policy in a Time of Transition

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199990313
eISBN:
9780199346363
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199990313.003.0001
Subject:
Social Work, Social Policy

The story of China’s spectacular economic growth is well known. Less well known is the country’s equally dramatic, though not always equally successful, social policy transition. Between the late ... More


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