Convergence in Income Inequality: Further Evidence from the Club Clustering Methodology Across the U.S. States

Since the 1980s, income inequality has increased markedly and has reached the highest level ever since it started being recorded in the U.S. This paper uses an overlapping generations model with incomplete markets that allows for household heterogeneity that is calibrated to match the U.S. economy with the purpose to study how skill-biased technological change (SBTC) and changes in taxation quantitatively account for the increase in inequality from 1980 to 2010. We find that SBTC and taxation decrease account for 48% of the total increase in the income Gini coefficient. In particular, we conclude that SBTC alone accounted for 42% of the overall increase in income inequality, while changes in the progressivity of the income tax schedule alone accounted for 5.7%.

Towards a ‘Political’ Tibullus: Ceres and Grain in Elegies Books 1 and 2

New England Classical Journal ◽

10.52284/necj/48.1/article/jansson ◽

2021 ◽

Vol 48 (1) ◽

pp. 20-35

Author(s):

Victoria Jansson ◽

Keyword(s):

Income Inequality ◽

Roman History ◽

The Political ◽

Economic Forces ◽

The Republic ◽

Definition Of ◽

The U.S

This article argues that unfulfilled prayers to Ceres in Tibullus’ elegies are symptomatic of Rome’s grain crises at the end of the Republic and beginning of Empire. My approach includes philological, socioeconomic, and psychoanalytic analysis of the elegies, in which the poet examines the shifting definition of a ‘Roman’ in his day. I seek to demonstrate the ways in which the poet grapples with the political and economic forces at work during the most turbulent period of Roman history: a time when income inequality was roughly equivalent to that of the U.S. and E.U. today.1

Post-Recession consumerism in the U.S.: the influence of cheap and chic consumer products on perceptions of income inequality

Cuadernos del Centro de Estudios de Diseño y Comunicación ◽

10.18682/cdc.vi53.1635 ◽

2019 ◽

Author(s):

Aaron Fry ◽

Steven Faerm

Keyword(s):

Income Inequality ◽

Consumer Products ◽

The U.S

La disparidad tanto en los ingresos como en la ganancia neta en los EE.UU., ha ido en aumento desde la década de 1970. Durante este período, el nivel de los salarios bajos y medios de los estadounidenses han crecido a un ritmo más lento que el crecimiento del PBI del país en su conjunto, y a un ritmo mucho más lento que los ingresos del 1% de los asalariados; habiéndose profundizado esta brecha dramáticamente en los años posteriores a la recesión del 2008. En este trabajo se discuten los factores subjetivos y relativosque determinan la percepción de bienestar financiero. A pesar de la creciente desigualdad en los ingresos, los consumidores estadounidenses, en todos los segmentos de ingresos, incrementan sus posesiones, mucho más que en épocas anteriores. En un entorno en el que la concentración del ingreso parecería seguir favoreciendo en el futuro al segmento de ingresos más altos, se discute el efecto psicológico del acceso al consumo de objetos de diseño y al mercado masivo de bienes de lujo. Examinamos cuatro dimensiones de la percepción de lujo y discutimos esto en el contexto de dos marcas de lujo diferentes. Proponemos que el aumento del poder de compra que el consumidor estadounidense posee en la actualidad es un factor que puede compensar o amortiguar los efectos sociales y políticos adversos del estancamiento de ingresos y elestrés económico.

Global Trends in Income Inequality: Theory Versus Reality

How Much Inequality Is Fair? ◽

10.7312/columbia/9780231180726.003.0006 ◽

2017 ◽

pp. 143-168

Author(s):

Venkat Venkatasubramanian

Keyword(s):

Income Inequality ◽

Prior Knowledge ◽

The Other ◽

Global Trends ◽

Inequality Theory ◽

Theory Versus ◽

Income Data ◽

The U.S

We compare the predictions of our theory with empirical income data from a dozen different countries. We define a new measure of inequality, called the non-ideal inequality coefficient. We show that Norway is close to ideal inequality for the bottom 99% of the population while the U.S. is the most non-ideal at the other extreme. The other countries are in between these two. We find it remarkable that the Scandinavian societies have discovered the near-ideal share by themselves in practice without any prior knowledge of even its existence.

TRENDS IN NEIGHBORHOOD INCOME INEQUALITY IN THE U.S.: 1980-2000*

Journal of Regional Science ◽

10.1111/j.1467-9787.2008.00590.x ◽

2008 ◽

Vol 48 (5) ◽

pp. 879-891 ◽

Cited By ~ 19

Author(s):

Christopher H. Wheeler ◽

Elizabeth A. La Jeunesse

Keyword(s):

Income Inequality ◽

Neighborhood Income ◽

The U.S

Income Inequality in the U.S.

Scientific American ◽

10.1038/scientificamerican0699-25 ◽

1999 ◽

Vol 280 (6) ◽

pp. 25-26

Author(s):

Rodger Doyle

Keyword(s):

Income Inequality ◽

The U.S

Partisan Tax Policy and Income Inequality in the U.S., 1979-2007

SSRN Electronic Journal ◽

10.2139/ssrn.2210850 ◽

2013 ◽

Author(s):

Olivier Bargain ◽

Mathias Dolls ◽

Herwig Immervoll ◽

Dirk Neumann ◽

Andreas Peichl ◽

...

Keyword(s):

Income Inequality ◽

Tax Policy ◽

The U.S

Racial residential segregation and economic disparity jointly exacerbate the COVID-19 fatality in large American cities

10.31234/osf.io/xgbpy ◽

2020 ◽

Cited By ~ 2

Author(s):

Qinggang Yu ◽

Cristina Salvador ◽

Irene Melani ◽

Martha Berg ◽

Enrique Neblett ◽

...

Keyword(s):

Income Inequality ◽

Residential Segregation ◽

Urban Areas ◽

Metropolitan Areas ◽

Policy Implications ◽

Current Evidence ◽

Structural Inequality ◽

Racial Residential Segregation ◽

Economic Disparity ◽

The U.S

The disproportionately high rates of both infections and deaths of underprivileged racial minorities in the U.S. (including Blacks and Hispanics) during the current COVID-19 pandemic show that structural inequality can be lethal. However, the nature of this structural inequality is poorly understood. Here, we hypothesized that two structural features of urban areas in the U.S. (racial residential segregation and income inequality) contribute to numerous health-compromising conditions, which, in turn, exacerbate COVID-19 fatalities. These two features may be particularly lethal when combined. To test this hypothesis, we examined the growth rate of both confirmed COVID-19 cases and deaths in an early 30-day period of the outbreak in the counties located in each of the 100 largest metropolitan areas in the U.S. The growth curve for cases and deaths was steeper in counties located in metropolitan areas that residentially segregate Blacks and Hispanics. Moreover, this effect of racial residential segregation was augmented by income inequality within each county. The current evidence highlights the role of racial and economic disparity in producing the devastating human toll in the current pandemic. It also offers important policy implications for making virus-resilient cities.

Inequality

10.1093/oxfordhb/9780199838509.013.014 ◽

2013 ◽

Cited By ~ 1

Author(s):

Stephanie Moller ◽

Joya Misra

Keyword(s):

United States ◽

Income Inequality ◽

The United States ◽

Social Policies ◽

Industrialized Countries ◽

Race And Gender ◽

Disadvantaged Groups ◽

Limited Effectiveness ◽

And Gender ◽

The U.S

Social policy plays a central role in redistributing resources to ensure greater equality or at least increased opportunities for members of disadvantaged groups. This essay considers how the U.S. welfare state redistributes incomes through social policies, while reinforcing other forms of stratification. The essay begins by comparing inequality in the United States to other advanced industrialized countries, and shows that the level of income inequality is higher in the United States than in most of these nations. It then presents data on inequality in the United States by race and gender. Finally, it discusses how specific policies alter levels of inequality by redistributing income or institutionalizing sources of income inequality. In general, U.S. social policies help to reduce inequality, but they have limited effectiveness, particularly in comparison to other advanced industrialized countries, in reducing inequality by race, class, gender, and family structure.