The Economics of Rising Inequalities

Business & Finance, Economics, Nonfiction, Social & Cultural Studies, Social Science
Cover of the book The Economics of Rising Inequalities by , OUP Oxford
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780191045677
Publisher: OUP Oxford Publication: October 24, 2002
Imprint: OUP Oxford Language: English
Author:
ISBN: 9780191045677
Publisher: OUP Oxford
Publication: October 24, 2002
Imprint: OUP Oxford
Language: English

This book is an in-depth discussion of rising inequalities in the western world. It explores the extent to which rising inequalities are the mechanical consequence of changes in economic fundamentals (such as changes in technological or demographic parameters), and to what extent they are the contingent consequences of country-specific and time-specific changes in institutions. Both the 'fundamentalist' view and the 'institutionalist' view have some relevance. For instance, the decline of traditional manufacturing employment since the 1970s has been associated in every developed country with a rise of labor-market inequality (the inequality of labor earnings within the working-age population has gone up in all countries), which lends support to the fundamentalist view. But, on the other hand, everybody agrees that institutional differences (minimum wage, collective bargaining, tax and transfer policy, etc.) between Continental European countries and Anglo-Saxon countries explain why disposable income inequality trajectories have been so different in those two groups of countries during the 1980s-90s, which lends support to the institutionalist view. The chapters in this volume show the strength of both views. Through empirical evidence and new theoretical insights the contributors argue that institutions always play a crucial role in shaping inequalities, and sometimes preventing them, but that inequalities across age, sex, and skills often recur. From Sweden to Spain and Portugal, from Italy to Japan and the USA, the volume explores the diversity of the interplay between market forces and institutions.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book is an in-depth discussion of rising inequalities in the western world. It explores the extent to which rising inequalities are the mechanical consequence of changes in economic fundamentals (such as changes in technological or demographic parameters), and to what extent they are the contingent consequences of country-specific and time-specific changes in institutions. Both the 'fundamentalist' view and the 'institutionalist' view have some relevance. For instance, the decline of traditional manufacturing employment since the 1970s has been associated in every developed country with a rise of labor-market inequality (the inequality of labor earnings within the working-age population has gone up in all countries), which lends support to the fundamentalist view. But, on the other hand, everybody agrees that institutional differences (minimum wage, collective bargaining, tax and transfer policy, etc.) between Continental European countries and Anglo-Saxon countries explain why disposable income inequality trajectories have been so different in those two groups of countries during the 1980s-90s, which lends support to the institutionalist view. The chapters in this volume show the strength of both views. Through empirical evidence and new theoretical insights the contributors argue that institutions always play a crucial role in shaping inequalities, and sometimes preventing them, but that inequalities across age, sex, and skills often recur. From Sweden to Spain and Portugal, from Italy to Japan and the USA, the volume explores the diversity of the interplay between market forces and institutions.

More books from OUP Oxford

Cover of the book The Biological Foundations of Bioethics by
Cover of the book When Humans Become Migrants by
Cover of the book International Financial Centres after the Global Financial Crisis and Brexit by
Cover of the book Tugendhat and Christie: The Law of Privacy and The Media by
Cover of the book Mercenaries by
Cover of the book Myth and Reality of the Legitimacy Crisis by
Cover of the book Faith and Wisdom in Science by
Cover of the book Common Enemies: Crime, Policy, and Politics in Australia-Indonesia Relations by
Cover of the book Reflections on 'The Concept of Law' by
Cover of the book The Future of Chinese Capitalism by
Cover of the book Unperfect Histories by
Cover of the book Opening Strategy by
Cover of the book Afro-Greeks by
Cover of the book Reasons and Persons by
Cover of the book Bonhoeffer's Reception of Luther by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy