Income and Wealth
eBook - PDF

Income and Wealth

  1. 248 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Income and Wealth

About this book

Why some people are rich and others poor can be explained in a number of ways. Income and Wealth focuses on who gets what and why. It explains the dynamics of income generation, how it is measured, and how such dramatic disparities in distribution come about. The book first defines various characteristics of income, with an emphasis on the gap between the rich and the poor, and reviews several theories to explain the disparities. Subsequent chapters discuss such timely topics as the vanishing middle class and the sky-high salaries of CEOs, Hollywood stars, and athletes. The final chapters consider the implications of policies, such as the minimum wage, taxes, immigration, and trade quotas, and expand the discussion to consider international comparisons. Featuring graphs and charts, a glossary of key terms, and a listing of references and resources, Income and Wealth explains the intricate, and often controversial, effects of economic policies on individuals, families, and communities. Moreover, it shows how the numbers can be manipulated by policymakers, pundits, journalists, and academics to promote various agendas—and shows readers how to recognize hyberbole and make better-informed decisions.

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Yes, you can access Income and Wealth by Alan Reynolds in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Greenwood
Year
2006
Print ISBN
9780313336881
eBook ISBN
9780313063558
Edition
1
Topic
Economics
Subtopic
Economic Theory
Index
Economics

Table of contents

  1. Contents
  2. Illustrations
  3. Series Foreword by Wesley B. Truitt
  4. Introduction
  5. 1. Concepts and Measures
  6. 2. Work Matters
  7. 3. A Vanishing Middle Class?
  8. 4. The Wage Stagnation Thesis
  9. 5. The Top 1 Percent
  10. 6. CEOs and Celebrities
  11. 7. Wealth Is Not Distributed
  12. 8. Consumption Inequality, Lifetime Income, and Mobility
  13. 9. Causes and Cures
  14. Glossary
  15. Online Resources
  16. Index
  17. TABLES 1.1 Distribution of Persons by Family Type
  18. TABLES 1.2 Census Bureau Gini Ratios for Pretax, Pretransfer Money Income
  19. TABLES 1.3 Comparison of Income Distributions Producing the Same Gini Index
  20. TABLES 1.4 Before-Tax Household Income (in 2004 Dollars)
  21. TABLES 2.1 Average Household Income by Quintile (and Top 5 Percent) Census Bureau (Estimates in 2004 Dollars)
  22. TABLES 2.2 Average After-Tax Household Income by Quintile (and Top 5 Percent) Congressional Budget Office (Estimates in 2003 Dollars)
  23. TABLES 4.1 Full-Time Wage and Salary Workers, 2004
  24. TABLES 4.2 Ownership of Consumer Goods
  25. TABLES 5.1 Estimated Income Share of Top 1 Percent
  26. TABLES 5.2 Dew-Becker and Gordon Estimates of Labor Income (Billions in 2000 Dollars)
  27. TABLES 5.3 Distribution of Tax-Deferred Account Holders by Marginal Tax Rates, 1998
  28. TABLES 5.4 Shares of Pretax Personal Income
  29. TABLES 7.1 Percent of Baby Boomers with Net Worth above $250,000 (in 2001 Dollars)
  30. TABLES 7.2 The Composition of Household Wealth in 1995 (Percent of Gross Assets)
  31. TABLES 8.1 Alternative Measures of Inequality (Gini Coefficients)
  32. TABLES 8.2 Increase in Mean Disposable Income Needed to Move to a Higher Group in 1992–1994
  33. TABLES 9.1 Number of Manufacturing Jobs (Thousands)
  34. TABLES 9.2 Average Hourly Earnings in December 2005 by Production or Nonsupervisory Workers
  35. TABLES 9.3 Maximum Marginal Tax Rates on Individual Income
  36. FIGURES 1.1 Real Median Income of 4-Person Families and Households, 1975–2003
  37. FIGURES 1.2 Lorenz Curve for U.S. Households, Pretax and Pretransfer Money Income, 2004
  38. FIGURES 2.1 Mean Household Income by Number of Earners
  39. FIGURES 3.1 Minimum Threshold for the Top 20 Percent and Mean Income above That Threshold
  40. FIGURES 4.1 Real Average Weekly Earnings of Private Nonfarm Production and Nonsupervisory Workers
  41. FIGURES 4.2 Average Weekly Wages Mislead When Weekly Hours Decline
  42. FIGURES 4.3 Cumulative Annual Increases in Real Compensation per Hour, Since 1973
  43. FIGURES 4.4 Real Per Capita Consumption in 2000 dollars, 1929–2004
  44. FIGURES 5.1 Business Income’s Share of Total Income of Top 1 Percent and Top 0.1 Percent
  45. FIGURES 6.1 Average CEO Compensation and the S&P 500 Stock Index
  46. FIGURES 7.1 Average Real Net Worth of Households (Thousands in 2004 Dollars)
  47. FIGURES 7.2 Share of ‘‘Augmented Wealth’’ Held by the Wealthiest 1 Percent of Households