- 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 Question of Capital/Labor Substitution
- 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?
- The Theory of Perfect Credit and Convergence
- The Share of Capital in Total Income
- 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 Explanatory Power of the Theory of Human Capital
- 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
- The Role of Unions in Setting Wages
- Inequality of Wages and Human Capital
- 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
- Average and Marginal Rates of Redistribution
- Efficient Redistribution
- Redistribution and Social Insurance
- Efficient Social Insurance
- Is Social Insurance an Instrument of Fiscal Redistribution?
- Redistribution and Demand
- Redistribution and Social Insurance
- Pure Redistribution
- References
- Contents in Detail
- Index
The Economics of Inequality
Product Details
HARDCOVER
$27.00 • £23.95 • €24.95
ISBN 9780674504806
Publication Date: 08/03/2015
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