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Book contents
- Macroeconomic Inequality from Reagan to Trump
- Studies in New Economic Thinking
- Macroeconomic Inequality from Reagan to Trump
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Introduction
- 1 Decades of Income Inequality
- 2 Macroeconomic Income Distribution
- 3 “Capital,” Capital Gains, Capitalization, and Wealth
- 4 Sectoral Stagnation, Flat Productivity, and Lagging Real Wages
- 5 Institutions and Models for Maldistribution
- 6 Possible Future Prospects
- References
- Index
1 - Decades of Income Inequality
Published online by Cambridge University Press: 31 July 2020
- Macroeconomic Inequality from Reagan to Trump
- Studies in New Economic Thinking
- Macroeconomic Inequality from Reagan to Trump
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Introduction
- 1 Decades of Income Inequality
- 2 Macroeconomic Income Distribution
- 3 “Capital,” Capital Gains, Capitalization, and Wealth
- 4 Sectoral Stagnation, Flat Productivity, and Lagging Real Wages
- 5 Institutions and Models for Maldistribution
- 6 Possible Future Prospects
- References
- Index
Summary
Economic inequality in the United States began an upward march around 1970. As of 2019, the pace may have slowed but any changes were far from reversing almost five decades of distributional deterioration. Inequality’s ascent can be tracked from two angles – income and wealth. This chapter will look at rising income disparity across households. Chapter 2 shows how income differences showed up macroeconomically. Chapter 3 addresses the distribution of wealth at the macroeconomic and household levels, and Chapter 4 examines the sectoral structure of production.
- Type
- Chapter
- Information
- Macroeconomic Inequality from Reagan to TrumpMarket Power, Wage Repression, Asset Price Inflation, and Industrial Decline, pp. 10 - 25Publisher: Cambridge University PressPrint publication year: 2020