Cover: The Economics of Inequality, from Harvard University PressCover: The Economics of Inequality in HARDCOVER

The Economics of Inequality

Product Details


$27.00 • £23.95 • €24.95

ISBN 9780674504806

Publication Date: 08/03/2015

Academic Trade

160 pages

5-1/2 x 8-1/4 inches

2 graphs, 9 tables

Belknap Press


Add to Cart

Educators: Request an Exam Copy (Learn more)

Media Requests:

Related Subjects

  • Note to the Reader
  • Introduction
  • 1. The Measurement of Inequality and Its Evolution
    • Different Types of Income
    • Wage Inequality
      • International Comparisons
    • Income Inequality
      • International Comparisons
    • Inequalities in Time and Space
    • The Historical Evolution of Inequality
      • From Laws of History to Uncertainties
      • From Wages to Incomes
      • Inequality with Respect to Employment
  • 2. Capital-Labor Inequality
    • The Share of Capital in Total Income
      • The Question of Capital/Labor Substitution
        • What Capital/Labor Substitution Means
        • Redistribution: “Fiscal” or “Direct”?
        • The Elasticity of Substitution between Capital and Labor
        • The Elasticity of Capital Supply
        • Are Capitalists and the Price System Necessary?
      • A Compromise between Short-Term and Long-Term Theories?
        • From Share of Value-Added to Household Income
        • What the Constancy of the Profit Share Tells Us
        • Who Pays Social Charges (Payroll Taxes)?
        • A Cobb-Douglas Production Function?
        • Historical Time versus Political Time?
        • Why Has the Profit Share Not Increased in the United States and United Kingdom?
    • The Dynamics of the Distribution of Capital
      • The Theory of Perfect Credit and Convergence
        • The Question of Convergence between Rich and Poor Countries
      • The Problem of Capital Market Imperfections
        • Possible Public Interventions
        • A Flat Tax on Capital?
  • 3. Inequality of Labor Income
    • Inequality of Wages and Human Capital
      • The Explanatory Power of the Theory of Human Capital
        • Important Historical Inequalities
        • Supply and Demand
        • The Rise of Wage Inequality since 1970
        • Skill-Biased Technological Change?
        • Wage Inequality and Globalization
      • How to Redistribute Labor Income
        • A Major Political Issue
      • Where Does Human Capital Inequality Come From?
        • Efficient Inequality?
        • The Role of the Family and Educational Expenses
        • The Problem of Inefficient Segregation of Human Capital
        • Discrimination in the Labor Market
        • Affirmative Action versus Fiscal Transfers
    • The Social Determination of Wage Inequality
      • The Role of Unions in Setting Wages
        • Unions as Substitutes for Fiscal Redistribution?
        • Do Unions Contribute to Economic Efficiency?
      • The Monopsony Power of Employers
        • When Does a Higher Minimum Wage Increase the Level of Employment?
      • Efficiency Wages and Fair Wages
        • National Traditions and Wage Inequality
  • 4. Instruments of Redistribution
    • Pure Redistribution
      • Average and Marginal Rates of Redistribution
        • The Absence of Redistribution between Workers
        • The U-Shaped Curve of Marginal Rates
      • Just Fiscal Redistribution
        • Do High Taxes Diminish Revenue?
        • The Earned Income Tax Credit in the United States
        • Fiscal Redistribution to Reduce Unemployment?
        • Negative Income Tax and Basic Income
    • Efficient Redistribution
      • Redistribution and Social Insurance
        • Efficient Social Insurance
        • Is Social Insurance an Instrument of Fiscal Redistribution?
      • Redistribution and Demand
  • References
  • Contents in Detail
  • Index

Recent News

Black lives matter. Black voices matter. A statement from HUP »

From Our Blog

Jacket: Iron and Blood: A Military History of the German-Speaking Peoples since 1500, by Peter Wilson, from Harvard University Press

A Lesson in German Military History with Peter Wilson

In his landmark book Iron and Blood: A Military History of the German-Speaking Peoples since 1500, acclaimed historian Peter H. Wilson offers a masterful reappraisal of German militarism and warfighting over the last five centuries, leading to the rise of Prussia and the world wars. Below, Wilson answers our questions about this complex history,