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The Economics of Rising Inequalities

The Economics of Rising Inequalities (Trade Paperback / Paperback)

Edited by Cohen, Daniel
Edited by Piketty, Thomas
Edited by Saint-Paul, Gilles

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From New York Times best-selling author Thomas Piketty and noted Professors of Economis Daniel Cohen and Gilles Saint-Paul, comes 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.
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ISBN 9780198727736
Released NZ 17 Jul 2014
Publisher Oxford University Press (S3)
Format Trade Paperback/Paperback
Alternate Format(s) View All (1 other possible title(s) available)
Indent title (internationally sourced), allow 8-12 weeks

Full details for this title

ISBN-13 9780198727736
Stock Available
Status Indent title (internationally sourced), allow 8-12 weeks
Publisher Oxford University Press (S3)
Imprint Oxford University Press
Released 17 Jul 2014
Publication Country United Kingdom United Kingdom
Format Trade Paperback/Paperback
 › 1 other possible formats available
Author(s) Edited by Cohen, Daniel
Edited by Piketty, Thomas
Edited by Saint-Paul, Gilles
Category Social Issues
Labour Economics
Political Economy
Number of Pages 376
Dimensions Width: 154mm
Height: 237mm
Spine: 20mm
Dewey Code 339.1722
Weight 498g
Interest Age General Audience
Reading Age General Audience
Library of Congress Income distribution, Europe, United States
NBS Text Economics: Professional & General
ONIX Text Professional and scholarly