Inequality and Institutions in 20th Century America

Inequality and Institutions in 20th Century America PDF

Author: Frank S. Levy

Publisher:

Published: 2015

Total Pages: 59

ISBN-13:

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We provide a comprehensive view of widening income inequality in the United States contrasting conditions since 1980 with those in earlier postwar years. We argue that the income distribution in each period was strongly shaped by a set of economic institutions. The early postwar years were dominated by unions, a negotiating framework set in the Treaty of Detroit, progressive taxes, and a high minimum wage - all parts of a general government effort to broadly distribute the gains from growth. More recent years have been characterized by reversals in all these dimensions in an institutional pattern known as the Washington Consensus. Other explanations for income disparities including skill-biased technical change and international trade are seen as factors operating within this broader institutional story.

Inequality and Institutions in 20th Century America

Inequality and Institutions in 20th Century America PDF

Author: Frank Levy

Publisher:

Published: 2007

Total Pages: 53

ISBN-13:

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We provide a comprehensive view of widening income inequality in the United States contrasting conditions since 1980 with those in earlier postwar years. We argue that the income distribution in each period was strongly shaped by a set of economic institutions. The early postwar years were dominated by unions, a negotiating framework set in the Treaty of Detroit, progressive taxes, and a high minimum wage -- all parts of a general government effort to broadly distribute the gains from growth. More recent years have been characterized by reversals in all these dimensions in an institutional pattern known as the Washington Consensus. Other explanations for income disparities including skill-biased technical change and international trade are seen as factors operating within this broader institutional story.

Inequality and Economic Policy

Inequality and Economic Policy PDF

Author: Tom Church (Research fellow)

Publisher:

Published: 2015

Total Pages: 0

ISBN-13: 9780817919047

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Proceedings of the Conference on Inequality in Memory of Gary Becker held September 25-26, 2014 at the Hoover Institution.

The Race between Education and Technology

The Race between Education and Technology PDF

Author: Claudia Goldin

Publisher: Harvard University Press

Published: 2009-07-01

Total Pages: 497

ISBN-13: 0674037731

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This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the nineteenth century. The book argues that technological change, education, and inequality have been involved in a kind of race. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This had the effect of boosting income for most people and lowering inequality. However, the reverse has been true since about 1980. This educational slowdown was accompanied by rising inequality. The authors discuss the complex reasons for this, and what might be done to ameliorate it.

The Politics of Inequality

The Politics of Inequality PDF

Author: Michael Thompson

Publisher: Columbia University Press

Published: 2007

Total Pages: 265

ISBN-13: 0231140746

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Since the early days of the American republic, political thinkers have maintained that a grossly unequal division of property, wealth, and power would lead to the erosion of democratic life. Yet over the past thirty-five years, neoconservatives and neoliberals alike have redrawn the tenets of American liberalism. Nowhere is this more evident than in our current mainstream political discourse, in which the politics of economic inequality are rarely discussed. In this impassioned book, Michael J. Thompson reaches back into America's rich intellectual history to reclaim the politics of inequality from the distortion of recent American conservatism. He begins by tracing the development of the idea of economic inequality as it has been conceived by political thinkers throughout American history. Then he considers the change in ideas and values that have led to the acceptance and occasional legitimization of economic divisions. Thompson argues that American liberalism has made a profound departure from its original practice of egalitarian critique. It has all but abandoned its antihierarchical and antiaristocratic discourse. Only by resuscitating this tradition can democracy again become meaningful to Americans. The intellectuals who pioneered egalitarian thinking in America believed political and social relations should be free from all forms of domination, servitude, and dependency. They wished to expose the antidemocratic character of economic life under capitalism and hoped to prevent the kind of inequalities that compromise human dignity and freedom-the core principles of early American politics. In their wisdom is a much broader, more compelling view of democratic life and community than we have today, and with this book, Thompson eloquently and adamantly fights to recover this crucial strand of political thought. In this impassioned book, Michael J. Thompson reaches back into America's rich intellectual history to reclaim the politics of inequality from the distortion of recent American conservatism. He begins by tracing the development of the idea of economic inequality as it has been conceived by political thinkers throughout American history. Then he considers the change in ideas and values that have led to the acceptance and occasional legitimization of economic divisions. Thompson argues that American liberalism has made a profound departure from its original practice of egalitarian critique; it has all but abandoned its antihierarchical and antiaristocratic discourse. Only by resuscitating this tradition can democracy again become meaningful to Americans. The intellectuals who pioneered egalitarian thinking in America believed political and social relations should be free from all forms of domination, servitude, and dependency. They wished to expose the antidemocratic character of economic life under capitalism and hoped to prevent the kind of inequalities that compromise human dignity and freedom--the core principles of early American politics. In their wisdom is a much broader, more compelling view of democratic life and community than we have today, and with this book, Thompson eloquently and adamantly fights to recover this crucial strand of political thought.

Unequal Gains

Unequal Gains PDF

Author: Peter H. Lindert

Publisher: Princeton University Press

Published: 2017-12-05

Total Pages: 420

ISBN-13: 0691178275

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A book that rewrites the history of American prosperity and inequality Unequal Gains offers a radically new understanding of the economic evolution of the United States, providing a complete picture of the uneven progress of America from colonial times to today. While other economic historians base their accounts on American wealth, Peter Lindert and Jeffrey Williamson focus instead on income—and the result is a bold reassessment of the American economic experience. America has been exceptional in its rising inequality after an egalitarian start, but not in its long-run growth. America had already achieved world income leadership by 1700, not just in the twentieth century as is commonly thought. Long before independence, American colonists enjoyed higher living standards than Britain—and America's income advantage today is no greater than it was three hundred years ago. But that advantage was lost during the Revolution, lost again during the Civil War, and lost a third time during the Great Depression, though it was regained after each crisis. In addition, Lindert and Williamson show how income inequality among Americans rose steeply in two great waves—from 1774 to 1860 and from the 1970s to today—rising more than in any other wealthy nation in the world. Unequal Gains also demonstrates how the widening income gaps have always touched every social group, from the richest to the poorest. The book sheds critical light on the forces that shaped American income history, and situates that history in a broad global context. Economic writing at its most stimulating, Unequal Gains provides a vitally needed perspective on who has benefited most from American growth, and why.

Has Latin America Always Been Unequal?

Has Latin America Always Been Unequal? PDF

Author: Ewout Frankema

Publisher: BRILL

Published: 2009

Total Pages: 313

ISBN-13: 9004175911

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The forces of industrialisation, urbanisation, globalisation and technological change have washed away the pre-modern outlook of most Latin American economies. Despite the improved opportunities of social mobility offered by economic modernisation, current income inequality levels (still) appear extraordinary high. Has Latin America always been unequal? Did the region fail to settle a longstanding account with its colonial past? Or should we be reluctant to point our finger so far back in time? In a comparative study of asset and income distribution Frankema shows that both the levels, and nature, of income inequality have changed significantly since 1870. Besides the deep historical roots of land and educational inequality, more recent demographic and political-institutional forces are taken on board to understand Latin America s distributive dynamics in the long twentieth century.

The Twentieth Century Record of Inequality and Poverty in the United States

The Twentieth Century Record of Inequality and Poverty in the United States PDF

Author: Robert D. Plotnick

Publisher:

Published: 1998

Total Pages: 0

ISBN-13: 9780788178290

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When the 20th century is viewed as a whole, no clear trend in income inequality emerges, with a rise during the Depression, a fall during World War II, a low level in the 1950s & 1960s, & an increase from the 1970s through the mid-1990s. The rate of poverty exhibited a long-run downward trend from about 60-70% in the earlier years of the century to the 12-14% range in recent years. Changes in inequality were produced largely by demographic & technological changes, the growth & decline of various industries, changes in patterns of international trade, cyclical unemployment, & World War II. Charts & tables.

Inequality and American Democracy

Inequality and American Democracy PDF

Author: Lawrence R. Jacobs

Publisher: Russell Sage Foundation

Published: 2005-08-25

Total Pages: 256

ISBN-13: 1610443047

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In the twentieth century, the United States ended some of its most flagrant inequalities. The "rights revolution" ended statutory prohibitions against women's suffrage and opened the doors of voting booths to African Americans. Yet a more insidious form of inequality has emerged since the 1970s—economic inequality—which appears to have stalled and, in some arenas, reversed progress toward realizing American ideals of democracy. In Inequality and American Democracy, editors Lawrence Jacobs and Theda Skocpol headline a distinguished group of political scientists in assessing whether rising economic inequality now threatens hard-won victories in the long struggle to achieve political equality in the United States. Inequality and American Democracy addresses disparities at all levels of the political and policy-making process. Kay Lehman Scholzman, Benjamin Page, Sidney Verba, and Morris Fiorina demonstrate that political participation is highly unequal and strongly related to social class. They show that while economic inequality and the decreasing reliance on volunteers in political campaigns serve to diminish their voice, middle class and working Americans lag behind the rich even in protest activity, long considered the political weapon of the disadvantaged. Larry Bartels, Hugh Heclo, Rodney Hero, and Lawrence Jacobs marshal evidence that the U.S. political system may be disproportionately responsive to the opinions of wealthy constituents and business. They argue that the rapid growth of interest groups and the increasingly strict party-line voting in Congress imperils efforts at enacting policies that are responsive to the preferences of broad publics and to their interests in legislation that extends economic and social opportunity. Jacob Hacker, Suzanne Mettler, and Dianne Pinderhughes demonstrate the feedbacks of government policy on political participation and inequality. In short supply today are inclusive public policies like the G.I. Bill, Social Security legislation, the War on Poverty, and the Voting Rights Act of 1965 that changed the American political climate, mobilized interest groups, and altered the prospect for initiatives to stem inequality in the last fifty years. Inequality and American Democracy tackles the complex relationships between economic, social, and political inequality with authoritative insight, showcases a new generation of critical studies of American democracy, and highlights an issue of growing concern for the future of our democratic society.