Inequality and institutions in 20th century America:
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...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13106 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | Literaturverz. S. 43 - 47 |
| Beschreibung: | 53 S. graph. Darst. 22 cm |
Internformat
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13106 | |
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| 520 | 8 | |a 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. | |
| 700 | 1 | |a Temin, Peter |d 1937- |e Verfasser |0 (DE-588)12953689X |4 aut | |
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| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
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| physical | 53 S. graph. Darst. 22 cm |
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| spelling | Levy, Frank 1941- Verfasser (DE-588)131401432 aut Inequality and institutions in 20th century America Frank Levy ; Peter Temin Cambridge, Mass. National Bureau of Economic Research 2007 53 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13106 Literaturverz. S. 43 - 47 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. Temin, Peter 1937- Verfasser (DE-588)12953689X aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13106 (DE-604)BV002801238 13106 http://papers.nber.org/papers/w13106.pdf kostenfrei Volltext |
| spellingShingle | Levy, Frank 1941- Temin, Peter 1937- Inequality and institutions in 20th century America |
| title | Inequality and institutions in 20th century America |
| title_auth | Inequality and institutions in 20th century America |
| title_exact_search | Inequality and institutions in 20th century America |
| title_exact_search_txtP | Inequality and institutions in 20th century America |
| title_full | Inequality and institutions in 20th century America Frank Levy ; Peter Temin |
| title_fullStr | Inequality and institutions in 20th century America Frank Levy ; Peter Temin |
| title_full_unstemmed | Inequality and institutions in 20th century America Frank Levy ; Peter Temin |
| title_short | Inequality and institutions in 20th century America |
| title_sort | inequality and institutions in 20th century america |
| url | http://papers.nber.org/papers/w13106.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT levyfrank inequalityandinstitutionsin20thcenturyamerica AT teminpeter inequalityandinstitutionsin20thcenturyamerica |