The Politics of Income Inequality in the United States by Nathan J. Kelly

By Nathan J. Kelly

This publication revolves round one vital query: Do political dynamics have a scientific and predictable impression on distributional results within the usa? the answer's a powerful sure. using info from mass source of revenue surveys, elite surveys, and combination time sequence, in addition to theoretical insights from either American and comparative politics, Kelly indicates that source of revenue inequality is a basic a part of the U.S. macro political procedure. Shifts in public opinion, celebration keep an eye on of presidency, and the ideological path of coverage all have vital effects for distributional results. in particular, shifts to the left produce discount rates in inequality via mechanisms - specific redistribution and marketplace conditioning. while many earlier experiences concentration purely at the distributional impression of redistribution, this booklet exhibits that one of these slim approach is erroneous. in truth, industry mechanisms subject way over conventional redistribution in translating macro political shifts into distributional results.

Show description

Read or Download The Politics of Income Inequality in the United States PDF

Best macroeconomics books

India: macroeconomics and political economy, 1964-1991

This quantity is part of a learn venture initiated and financed via the area financial institution entitled "Macroeconomic guidelines, quandary, and progress within the lengthy Run," which concerned reviews of the macroeconomic histories of eighteen nations as they tried to take care of monetary balance within the face of foreign cost, rate of interest, and insist shocks or household crises within the kinds of funding books and comparable budgetary difficulties.

Transitional Dynamics and Economic Growth in Developing Countries

4 stylised evidence of mixture financial development are manage first and foremost. the expansion method is interpreted to symbolize transitional dynamics instead of balanced-growth equilibria. by contrast history, the elemental significance of subsistence intake is comprehensively analysed. to that end, the which means of the productive-consumption speculation for the intertemporal intake trade-off and the expansion strategy is investigated.

Global Cooperation Among G20 Countries: Responding to the Crisis and Restoring Growth

On the outbreak of the worldwide monetary problem, 2008, the G20 was once commonly stated as supporting hinder a fair extra critical decline within the worldwide economic system. It helped to calm the panic in monetary markets and articulate a collection of attainable coverage strategies to revive worldwide balance and development. although, because the dual-track restoration set in, coverage techniques for complicated economies and EMEs diverged.

Additional info for The Politics of Income Inequality in the United States

Sample text

I also discuss power resources theory in the context of the American case. I argue that convincing explanations of income inequality must account for politics in a systematic way. I then examine the effect of partisan control of the House, Senate, and presidency on redistribution and market income inequality from 1947 to 2000. I find that Democratic control of government not only influences explicit redistribution, but also influences market inequality. The theme of assessing the connection between political dynamics and income inequality continues in Chapter 5, where I shift my focus from party dynamics to policy dynamics.

Programs that are targeted to the poor are means-tested. That is, receipt of the benefit is only for those below a certain income level. The income data collected by the Census Bureau includes benefits received in the following categories: Supplemental Security Income (SSI), public assistance, Medicaid, educational assistance, housing subsidies, and food stamps. The theme that ties all these programs together is that income below a certain threshold is a qualification necessary to receive the 9 All children eating school-provided lunches benefit directly from the school lunch pro- gram.

The top 10 percent of households garnered approximately 36 percent of preredistribution income in 2000, providing an average household income of over $200,000. The distribution of post-government income is quite different. 2 show that households at the bottom of the income distribution, while not getting rich by any means, are more likely able to subsist on government benefits. The bottom decile (of primarily retired persons) garnered a 2 percent share of aggregate post-government income, with an average income of nearly $11,000.

Download PDF sample

Rated 4.98 of 5 – based on 40 votes