The Price of Inequality (Preface) and The Great Divergence Chapters 1 - 3 The Great Compression and the Great Divergence.

Slides:



Advertisements
Similar presentations
Minorities and Retirement Security (MRS) Minorities and Retirement Security (MRS) Dr. Hervani (PI) Saeid Delnavaz (RA) Third Seminar April 25, 2014 Chicago.
Advertisements

The Diverse Aging Boomers: Who Are They? Melissa Favreault The Urban Institute January 19, 2006.
What are the causes of inequality of income and wealth in the UK? To see more of our products visit our website at Tony Darby, Head of.
Chapter 4 Marriage & the Family Focus on 3 issues: 1) Race differences in marriage and family structure: * changes over time; * economic explanations.
Figure 1. The Distribution of Goodies over People none tons Goodies 100% Percent Of Persons.
Chapter 4 Marriage & the Family Economic Issues and Applications Race & family structure the marriage premium divorce Race & family structure the marriage.
Class, Race, and Families Defining social class Income distribution and economic restructuring Poverty Race, ethnicity, and class Main points on selected.
Chapter 5 The Economics of Fertility Fertility trends Modeling fertility decisions Evidence Fertility trends Modeling fertility decisions Evidence.
The Price of Inequality (Preface) and The Great Divergence Chapters The Great Compression and the Great Divergence.
Poverty, Inequality and Social Justice in Non-Metropolitan America.
Figure 1. The Distribution of Goodies over People none tons Goodies 100% Percent Of Persons.
Household Structure and Income Inequality. Postwar Changes in Household Structure 4 Fewer extended family households 4 Family size increased and then.
The Gender Gap in Educational Attainment: Variation by Age, Race, Ethnicity, and Nativity in the United States Sarah R. Crissey, U.S. Census Bureau Nicole.
Home Production Defined Home production - purposeful activities performed in individual households that result in goods and services that enable a family.
Chapter 11, Section 3.  Another way to examine the economic well being of a nation is to measure the number of people who are living in poverty.
Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 17 The Distribution of Income.
The Racial and Gender Wealth Gaps in the U.S.. ''As all of us saw on television, there is also some deep, persistent poverty in this region (the South)
Introduction Discrimination occurs when the marketplace takes into account such factors as race and sex when making economic exchanges. However, it is.
MARRIAGE AND THE FAMILLY: Economic Issues and Application Chapter 4.
Women and the Wealth Gap Presented by Mariko Chang, PhD
Chapter 17 The Distribution of Income McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 20 Income Inequality, Poverty, and Discrimination
Chapter 10: Worker Mobility. Worker mobility movement from one job to another. this may involve geographical changes, and/or movement from one employer.
To Parent or Not to Parent
Advanced Placement United States Government & Politics.
Negative Consequences of Income Inequality Reduce common interests of the population Increase social separation of the classes Inequality of opportunity.
Gender Inequalities. Changes in Society Average age when married increased 7 years from (men: 35, women: 32) Increasing divorce rate (1971:
Chapter 2 Poverty and Wealth. Economic Inequality in the United States Social Stratification – system of ranking people in a hierarchy Social Classes.
So What do we look like. Who are the Poor? In 2010, 15.1 percent of all persons lived in poverty. Approximately 47 million or 1 in 7 In 2010, 15.1 percent.
Chapter 6: Poverty and Discrimination. Poverty Kind: Absolute vs. Relative Absolute: inability to satisfy basic human needs (food, shelter, clothing,
© 2005 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 4 Being Single Preview.
Lecture 8 Gender Stratification. Difference & Stratification In a mixed-class system we can see how both ascribed (race, gender) and achieved (talent,
Adding in Race, Culture and Ethnicity (Powell 17-36)
Copyright © Allyn & Bacon 2007 Chapter 11 The Changing Family This multimedia product and its contents are protected under copyright law. The following.
Chapter 7 Labor Market Discrimination Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Unemployment is bad because it isn’t good for the economy in Europe. Fact: Italy has less unemployment than the Us.
Time, Money and Inequality in International Perspective Lars Osberg -Dalhousie University -I.S.E.R. U of Essex.
Chapter 13 Employment © 2001 South-Western College Publishing.
Income Inequality, Poverty, and Discrimination Chapter 20 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
No matter how much money you have, choose to not be poor.
1 Chapter 14 Income Distribution © 2003 South-Western College Publishing.
Today’s Schedule – 10/30 Ch. 11 & 12.2 Quiz Finish Daily Show Clip
Who Works Minimum Wage Jobs? 1. Who Works Minimum Wage Jobs (U.S.) Federal minimum wage is $7.25 per hour (since 2009). Nationally, 2,992,000 workers.
Chapter 7 Poverty and Discrimination: Why Are So Many Still Poor? Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Unemployment. Review The Labor Force - all individuals who are employed or unemployed. Does not include military, full time students, and retired. Individuals.
Visit UMT online at Page 1 of 22 Chapter 14, ECON125 Version © 2007 Thomson South-Western © 2009 UMT Economics for Managers University.
Singlehood: Why are so Many “Going Solo” Introduction to Family Studies.
Social Welfare Policymaking Chapter 18. The Social Welfare Debate Two main types: – Entitlement programs: Government benefits that certain qualified individuals.
Why Have Marriage Rates Fallen in the Last Fifty Years? Sociology Chapter 1: The Sociological Perspective Society: The Basics Chapter 1: Sociology: Perspective,
Income Distribution. Lower Payment for Women Women usually receive less in wages than men Women usually receive less in wages than men 1/3 of difference.
Being Single, Living Alone, Cohabitating and Other Options
Are All Americans Equal? Sophie Gustaveson. Social Mobility Only 4% go from bottom to top. People are most likely to stay where they are. Over 40% of.
Stiglitz and “Rent Seeking” Chapters The Stiglitz Book is Part Fact and Part Partisan Polemic 1. Inequality was growing worse even before the Great.
By: Florencia Merniez Sociology Table of Contents Introduction The difference in Wages The Difference in Work Time Management and High Positions.
Economic Challenges Chapter 13 Section 3 Poverty.
Chapter 15 Economics of Aging (c) 2005 The McGraw-Hill Companies, Inc. All rights reserved.
McGraw-Hill/Irwin Chapter 11: Income Inequality and Poverty Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.
Pennsylvania has a great future in STEM jobs
American Scorecard: Special Populations
Education and Equality of Opportunity
American Scorecard: Special Populations
32 Income Inequality and Poverty.
What We Know So Far.
Political Socialization
Population and Labor Force
Chapter 13: Economic Challenges Section 3
Chapter 4 Marriage & the Family
Race, Ethnicity, Segregation, and Discrimination in Greater Boston
State of the Gap: By the Numbers
Unit 3 Economic Challenges
Presentation transcript:

The Price of Inequality (Preface) and The Great Divergence Chapters The Great Compression and the Great Divergence

What we know so far 1. Inequality of both Income and Wealth is the highest since World War I. 2. Raising income taxes substantially on the top 10% will not generate enough money to pay for the current entitlements plus defense plus interest on the debt. 3. We (USA, Europe, Japan) appear to have stumbled into a regime of low economic growth that exacerbates (1), (2), and social problems (in the USA, Race and Gender).

What we know so far (Cont). 4. (3) is not fully understood – the old easy money/low tax solutions do not seem to work very well any more. 5. In the USA there has been a decline in R&D by business in general and a decline in small business/entrepreneurial activity that would deal with (1) – (3). 6. USA Education: Women are more educated than men and the gap appears to be increasing.

What we know so far (Cont.) 7. USA Education: The earnings gap between college educated and high school educated is steadily increasing. 8. USA Wages: Across a broad spectrum of occupations women make less than men and Blacks make less than Whites. Asians make more than Whites, Blacks, and Hispanics. 9. Assortative Mating: Women marry Men with the same income/education level. This hardens Social Class boundaries.

Stiglitz -- Preface Romney is a Bad Person!! However, the Federal Reserve Supports his major complaints!

GD Chapter 3: The Usual Suspects 1. Discrimination Against Blacks and Women 2. Greater Risk of Job Loss 3. Shifts in Marriage Patterns 4. Single Parent Households and Illegitimacy

Women and Blacks Make Less than White Males What is seldom noted is that Asian Men and Women make more than their White and Black Counterparts in every occupation.

Women are Better Educated than Men Women now make up 57% of Undergraduates in the USA and this percentage appears to be increasing.

The Rise of Assortative Mating People increasingly marry people whose incomes and/or education are roughly at the same level as their own. This tends to increase inequality.

UCLA CA Center for Population Research, WP CCPR

UCLA, CA Center for Population Research, WP CCPR

Greater Risk of Job Loss Indirect Evidence, the Rise of non- Business Bankruptcies

Marriage, Divorce, and Births to Unmarried Women Abortion is going down but Births to Unmarried Women are going up