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Author: Natalija Novta Publisher: International Monetary Fund ISBN: 1498320457 Category : Business & Economics Languages : en Pages : 28
Book Description
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality. Instead, high income inequality played a large role. This is because manufacturing job loss typically implies a move to the service sector, for which the worker is not skilled at first and accepts a low-skill wage. On average, the associated wage cut increases with the overall level of income inequality in the country, conditional on moving down in the wage distribution. Based on a stylized scenario, we calculate that the movement of workers to low-skill service sector jobs can account for about a quarter of the increase in inequality between the 1980s and the 2000s in the United States. Had the U.S. income distribution been more equal, only about one tenth of the actual increase in inequality could have been attributed to the loss of manufacturing jobs, according to our simulations.
Author: Natalija Novta Publisher: International Monetary Fund ISBN: 1498320457 Category : Business & Economics Languages : en Pages : 28
Book Description
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality. Instead, high income inequality played a large role. This is because manufacturing job loss typically implies a move to the service sector, for which the worker is not skilled at first and accepts a low-skill wage. On average, the associated wage cut increases with the overall level of income inequality in the country, conditional on moving down in the wage distribution. Based on a stylized scenario, we calculate that the movement of workers to low-skill service sector jobs can account for about a quarter of the increase in inequality between the 1980s and the 2000s in the United States. Had the U.S. income distribution been more equal, only about one tenth of the actual increase in inequality could have been attributed to the loss of manufacturing jobs, according to our simulations.
Author: Laura Lee Downs Publisher: Cornell University Press ISBN: 9780801430152 Category : Business & Economics Languages : en Pages : 356
Book Description
Through its detailed comparative analysis of employers' attitudes toward women workers, Manufacturing Inequality mounts a careful critique of both neoclassical economics and feminist dual systems as frameworks for understanding gender discrimination in industry.
Author: James K. Galbraith Publisher: Cambridge University Press ISBN: 9780521009935 Category : Business & Economics Languages : en Pages : 344
Book Description
The world knows that there is a global crisis of inequality in pay. But what caused it? Where is it more and where less severe? What can be done? This book deploys new techniques and a new global data set to advance striking answers to these questions, answers that have eluded even the largest international research institutions such as the OECD and the World Bank. Chapters trace the U.S. wage structure back to 1920, the relationship of inequality and unemployment in Europe, and the relationships of inequality to economic growth, liberalization, financial crisis, state violence and industrial policy in more than fifty developing countries.
Author: Jeremy Greenwood Publisher: American Enterprise Institute ISBN: 9780844770932 Category : Business & Economics Languages : en Pages : 52
Book Description
In this text the author argues that rapid technological change, sluggish real wage growth, and widening inequality have characterized earlier periods of economic growth of revolutionary new technologies.
Author: Kunal Sen Publisher: Taylor & Francis ISBN: 0415413354 Category : Business & Economics Languages : en Pages : 187
Book Description
This book examines the implications of trade reforms with reference to the 1991 reforms for India's manufacturing sector. The gradualist nature of the reform process, the move from a restrictive policy regime to an open one, and the unevenness of the reforms across sectors make the Indian economy a relevant context for understanding the welfare implications of trade reforms.
Author: Ravi Kanbur Publisher: OUP Oxford ISBN: 9780191535307 Category : Business & Economics Languages : en Pages : 466
Book Description
What exactly is spatial inequality? Why does it matter? And what should be the policy response to it? These questions have become important in recent years as the spatial dimensions of inequality have begun to attract considerable policy interest. In China, Russia, India, Mexico, and South Africa, as well as most other developing and transition economies, spatial and regional inequality - of economic activity, incomes, and social indicators - is on the increase. Spatial inequality is a dimension of overall inequality, but it has added significance when spatial and regional divisions align with political and ethnic tensions to undermine social and political stability. Also important in the policy debate is a perceived sense that increasing internal spatial inequality is related to greater openness of economies, and to globalization in general. Despite these important concerns, there is remarkably little systematic documentation of what has happened to spatial and regional inequality over the last twenty years. Correspondingly, there is insufficient understanding of the determinants of internal spatial inequality. This volume attempts to answer the questions posed above, drawing on data from twenty-five countries from all regions of the world. They bring together perspectives and expertise in development economics and in economic geography and form a well-researched introduction to an area of growing analytical and policy importance.
Author: Joel I. Nelson Publisher: SAGE Publications ISBN: 1452247498 Category : Political Science Languages : en Pages : 201
Book Description
The work is provocative and ambitious and the writing is clear. --Choice "It is a topic in need of systematic analysis. . . . Joel I. Nelson understands and, in fact, has mastered the issues. . . . It will undoubtedly be a major contribution. . . . His approach is fresh and refreshing. . . . He has the appropriate conceptual tools to complete his synthesis. . . . I believe not only scholars--sociologists, economists, political scientists, and historians, would find Post-Industrial Capitalism useful but policymakers might also find it of interest. . . . The book can also be used as a text in an advanced undergraduate class and in a graduate seminar. . . . Nelson′s thesis is coherent and logically developed. . . . I imagine this book as a college text or on a desk in Washington, DC. . . . Nelson′s last book Economic Inequality was a huge success. . . . Certainly the many who relied on it in their teaching and research will welcome and use Post-Industrial Capitalism." --Lionel L. Lewis, State University of New York at Buffalo "Too often authors focus only on the positive aspects or on the downside of postindustrialism. Joel I. Nelson is proposing something that fits neatly between the two camps. . . . Nelson′s strategy of building a new explanation based on a synthesis of these older approaches is very attractive. . . . There are no other books that attempt this. . . . Post-Industrial Capitalism might also be used in an advanced undergraduate course on economic sociology or social change. . . . [It] will be also acquired by professionals in sociology, social work, political science, and economics. . . . The sequence of the topics are clear and concise. . . . Each chapter pulls together arguments that--heretofore--have been scattered across numerous books and articles (and across disciplines for that matter)." --Charles M. Tolbert II, Professor of Sociology and Rural Sociology, Louisiana State University The social and economic well-being of many Americans is increasingly at risk. Disparities in earnings and wealth are escalating, reversing a century of declining inequality. Excesses of the free market are growing-and growing more difficult to contain. Politics are increasingly conservative across the ideological spectrum, with economic competitiveness considered more important than equality and humanitarian aid. Post-Industrial Capitalism offers an alternative to the dominant and unsuccessful Marxist and industrialist views by providing a framework for explaining the widening polarization within American society. This work demonstrates a more comprehensive explanation of inequality and locates its source in the transformation of American business. It provides a fresh illustration of Schumpeter′s insistence on the ability of capitalism to develop by creatively destroying its past. It not only describes the shifts in corporate resources, illustrates their use by the corporate sector, and traces their implications for inequality across the institutional spectrum, but also demonstrates how these strategies have been used by companies to intensify competition, effect greater political control, and widen the economic gap in America. Scholars interested in the question of modernity and post-industrialization, theorists of multiple theoretical persuasions, and students interested in social stratification, inequality, and social change will find Postindustrial Capitalism to be extremely valuable.
Author: Carlos Gradín Publisher: Oxford University Press ISBN: 0198863969 Category : Business & Economics Languages : en Pages : 373
Book Description
Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries - Brazil, China, India, Mexico, and South Africa.
Author: Jeremy Atack Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The consensus view among economic historians is that wage inequality in American manufacturing followed an inverted-U path from the early nineteenth century until just before World War Two. The previous literature, however, has been unable to fully document this path over time, or fully assess the role of explanatory factors such as changes in firm organization and technology. We provide fresh evidence that allow us to better document the inverted-U and its causes. In the first part of the paper, we use the U.S. Department of Labor's 1899 "Hand and Machine Labor" study to argue that wage inequality within manufacturing establishments rose over the nineteenth century, primarily because of increasing division of labor In the second part, we use data for Massachusetts from state reports to construct a new time series on wage inequality among production workers, which declined from the early 1890s to the late 1930s, mainly because of compression in the left tail of the distribution. Analysis of industry panel data suggest that electrification was the main factor behind the compression.
Author: Natalija Novta
Author: Natalija Novta
Author: Laura Lee Downs
Author: James K. Galbraith
Author: Jeremy Greenwood
Author: Kunal Sen
Author: Ravi Kanbur
Author: Sherwin Rosen
Author: Joel I. Nelson
Author: Carlos Gradín
Author: Jeremy Atack