Back To Shared Prosperity The Growing Inequality Of Wealth And Income In America

Author : Ray Marshall
Publisher : Routledge
ISBN 13 : 1317476182
Total Pages : 438 pages
Book Rating : 4.84/5 ( download)

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Download or read book Back to Shared Prosperity: The Growing Inequality of Wealth and Income in America written by Ray Marshall and published by Routledge. This book was released on 2015-05-20 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: To what extent are major social and political problems caused by basic income and unemployment trends? Is it possible to restore the kind of broadly shared prosperity the U.S. once experienced before the early 1970s? Some of the top economists of our time address these critical questions.

Author : Susan M. Wachter
Publisher : University of Pennsylvania Press
ISBN 13 : 0812292405
Total Pages : 281 pages
Book Rating : 4.04/5 ( download)

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Download or read book Shared Prosperity in America's Communities written by Susan M. Wachter and published by University of Pennsylvania Press. This book was released on 2016-02-26 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the nation's GDP has doubled in the last thirty years, significant increases in family income have been restricted to a small subset of the American population. This disjunct between national economic growth and stagnating incomes in all but the very top tier of the population corresponds with increasing economic inequality and a lack of social and economic mobility. As a consequence, neighborhoods and metropolitan areas have become more polarized. Stark geographic differences in levels of poverty, income, health outcomes, job opportunities, lifetime earning potential, and educational attainment highlight the degree to which place matters in terms of social and economic opportunity. Shared Prosperity in America's Communities examines this place-based disparity of opportunity and suggests what can be done to ensure that the benefits of economic growth are widely shared. Contributors' essays explore social and economic mobility throughout the country to illuminate the changing geography of inequality, offer a portfolio of strategies to address the challenges of place-based inequality, and show how communities across the nation are implementing change and building a future of shared prosperity. Approaching the problem from the vantage point of economics, sociology, and public policy, Shared Prosperity in America's Communities offers a timely analysis of the country's growing socioeconomic and geographic division and shows how communities can respond to the challenge of economic inequality to build a nation of opportunity for all. Contributors: J. Cameron Anglum, Timothy J. Bartik, Chris Benner, Angela Glover Blackwell, Anthony P. Carnevale, Raj Chetty, Rebecca Diamond, Lei Ding, Paul A. Jargowsky, David N. Karp, Elizabeth Kneebone, Douglas S. Massey, Jeremy Nowak, Manuel Pastor, Victor Rubin, Chris Schildt, Nicole Smith, Margery Austin Turner, Susan M. Wachter, Zachary D. Wood.

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464809798
Total Pages : 336 pages
Book Rating : 4.98/5 ( download)

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Download or read book Poverty and Shared Prosperity 2016 written by World Bank Group and published by World Bank Publications. This book was released on 2016-10-12 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poverty and Shared Prosperity 2016 is the first of an annual flagship report that will inform a global audience comprising development practitioners, policy makers, researchers, advocates, and citizens in general with the latest and most accurate estimates on trends in global poverty and shared prosperity. This edition will also document trends in inequality and identify recent country experiences that have been successful in reducing inequalities, provide key lessons from those experiences, and synthesize the rigorous evidence on public policies that can shift inequality in a way that bolsters poverty reduction and shared prosperity in a sustainable manner. Specifically, the report will address the following questions: • What is the latest evidence on the levels and evolution of extreme poverty and shared prosperity? • Which countries and regions have been more successful in terms of progress toward the twin goals and which are lagging behind? • What does the global context of lower economic growth mean for achieving the twin goals? • How can inequality reduction contribute to achieving the twin goals? • What does the evidence show concerning global and between- and within-country inequality trends? • Which interventions and countries have used the most innovative approaches to achieving the twin goals through reductions in inequality? The report will make four main contributions. First, it will present the most recent numbers on poverty, shared prosperity, and inequality. Second, it will stress the importance of inequality reduction in ending poverty and boosting shared prosperity by 2030 in a context of weaker growth. Third, it will highlight the diversity of within-country inequality reduction experiences and will synthesize experiences of successful countries and policies, addressing the roots of inequality without compromising economic growth. In doing so, the report will shatter some myths and sharpen our knowledge of what works in reducing inequalities. Finally, it will also advocate for the need to expand and improve data collection—for example, data availability, comparability, and quality—and rigorous evidence on inequality impacts in order to deliver high-quality poverty and shared prosperity monitoring.

Author : Joseph E. Stiglitz
Publisher :
ISBN 13 : 9780451486530
Total Pages : pages
Book Rating : 4.36/5 ( download)

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Download or read book Rewriting the Rules of the American Economy written by Joseph E. Stiglitz and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Inequality is a choice. The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story'the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing, and health care'essential ingredients for individual success'are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of color, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future. Some economists claim that today's bleak conditions are inevitable consequences of market outcomes, globalization, and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
ISBN 13 : 0393254062
Total Pages : 144 pages
Book Rating : 4.68/5 ( download)

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Download or read book Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2015-11-02 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s time to rewrite the rules—to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity. Inequality is a choice. The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story—the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing, and health care—essential ingredients for individual success—are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of color, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future. Some economists claim that today’s bleak conditions are inevitable consequences of market outcomes, globalization, and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464816034
Total Pages : 288 pages
Book Rating : 4.31/5 ( download)

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Download or read book Poverty and Shared Prosperity 2020 written by World Bank and published by World Bank Publications. This book was released on 2020-12-23 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the biennial Poverty and Shared Prosperity report brings sobering news. The COVID-19 (coronavirus) pandemic and its associated economic crisis, compounded by the effects of armed conflict and climate change, are reversing hard-won gains in poverty reduction and shared prosperity. The fight to end poverty has suffered its worst setback in decades after more than 20 years of progress. The goal of ending extreme poverty by 2030, already at risk before the pandemic, is now beyond reach in the absence of swift, significant, and sustained action, and the objective of advancing shared prosperity—raising the incomes of the poorest 40 percent in each country—will be much more difficult. Poverty and Shared Prosperity 2020: Reversals of Fortune presents new estimates of COVID-19's impacts on global poverty and shared prosperity. Harnessing fresh data from frontline surveys and economic simulations, it shows that pandemic-related job losses and deprivation worldwide are hitting already poor and vulnerable people hard, while also shifting the profile of global poverty to include millions of 'new poor.' Original analysis included in the report shows that the new poor are more urban, better educated, and less likely to work in agriculture than those living in extreme poverty before COVID-19. It also gives new estimates of the impact of conflict and climate change, and how they overlap. These results are important for targeting policies to safeguard lives and livelihoods. It shows how some countries are acting to reverse the crisis, protect those most vulnerable, and promote a resilient recovery. These findings call for urgent action. If the global response fails the world's poorest and most vulnerable people now, the losses they have experienced to date will be minimal compared with what lies ahead. Success over the long term will require much more than stopping COVID-19. As efforts to curb the disease and its economic fallout intensify, the interrupted development agenda in low- and middle-income countries must be put back on track. Recovering from today's reversals of fortune requires tackling the economic crisis unleashed by COVID-19 with a commitment proportional to the crisis itself. In doing so, countries can also plant the seeds for dealing with the long-term development challenges of promoting inclusive growth, capital accumulation, and risk prevention—particularly the risks of conflict and climate change.

Author : David Rolf
Publisher : New Press, The
ISBN 13 : 1620971143
Total Pages : 353 pages
Book Rating : 4.47/5 ( download)

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Download or read book The Fight for $15 written by David Rolf and published by New Press, The. This book was released on 2015-04-07 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Rolf shows that raising the minimum wage to $15 is both just and necessary, lest the American dream of middle class prosperity turn into a nightmare” (David Cay Johnston, Pulitzer Prize–winning journalist). Combining history, economics, and commonsense political wisdom, The Fight for $15 makes a deeply informed case for a national fifteen-dollars-an-hour minimum wage as the only practical solution to reversing America’s decades-long slide toward becoming a low-wage nation. Drawing both on new scholarship and on his extensive practical experiences organizing workers and grappling with inequality across the United States, David Rolf, president of SEIU 775—which waged the successful Seattle campaign for a fifteen dollar minimum wage—offers an accessible explanation of “middle out” economics, an emerging popular economic theory that suggests that the origins of prosperity in capitalist economies lie with workers and consumers, not investors and employers. A blueprint for a different and hopeful American future, The Fight for $15 offers concrete tools, ideas, and inspiration for anyone interested in real change in our lifetimes. “The author’s plainspoken approach and stellar scholarship illuminate in-depth discussions about the deliberate policy decisions that began to decimate the middle class at the start of the 1980s as well as the insidious new ways in which big business continues to attack American workers today via stagnant wages, rampant subcontracting, unpredictable scheduling, and other detrimental practices associated with the so-called ‘share economy.’” —Kirkus Reviews “David Rolf has become the most successful advocate for raising wages in the twenty-first century.” —Andy Stern, senior fellow at Columbia University’s Richard Paul Richman Center for Business, Law, and Public Policy

Author : Peter H. Lindert
Publisher : Princeton University Press
ISBN 13 : 0691178275
Total Pages : 420 pages
Book Rating : 4.71/5 ( download)

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Download or read book Unequal Gains written by Peter H. Lindert and published by Princeton University Press. This book was released on 2017-12-05 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 39 pages
Book Rating : 4.35/5 ( download)

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Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Author : World Bank;International Monetary Fund
Publisher : World Bank Publications
ISBN 13 : 9781464803369
Total Pages : 0 pages
Book Rating : 4.66/5 ( download)

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Download or read book Global Monitoring Report 2014/2015 written by World Bank;International Monetary Fund and published by World Bank Publications. This book was released on 2014-10-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Monitoring Report 2014/2015: Ending Poverty and Sharing Prosperity was written jointly by the World Bank Group (WBG) and the International Monetary Fund, with substantive inputs from the Organisation for Economic Co-operation and Development. This year's report details, for the first time, progress toward the WBG's twin goals of ending extreme poverty by 2030 and promoting shared prosperity and assesses the state of policies and institutions that are important for achieving them. The report continues to monitor progress on the Millennium Development Goals (MDGs). Also for the first time, the report includes information about high-income countries. It finds that while gaps in living standards have been closing in many countries, the well-being of households in the bottom 40 percent, as measured by the non-income MDGs such as access to education and health services, remains below that of households in the top 60 percent. The focus of this year's report is on three elements needed to make growth more inclusive and sustainable: investment in human capital that favors the poor, the best use of safety nets, and steps to ensure the environmental sustainability of economic growth. These three elements are imperative to all countries' development strategies, and are also fundamental to global efforts to achieve the twin goals, the MDGs, and the Sustainable Development Goals that will succeed the MDGs. Global Monitoring Report 2014/2015 was prepared in collaboration with regional development banks and other multilateral partners.