The Economics of Inequality, Third Edition
Robert S. Rycroft
Contents
Preface ix
Acknowledgments xi
List of Figures xiii
List of Tables xvii
PART I Inequality 1
1 Inequality and the American Dream 3
2 Measuring Inequality 13
PART II The Factor Markets 27
3 Demand and Supply in the Labor Market 29
4 Behind the Demand and Supply Curves 51
5 Unemployment and Inequality 83
6 Immigration and Inequality 95
7 Labor Unions and Inequality 102
8 The Markets for Capital, Land, and Entrepreneurship 115
9 The Economics and Philosophy of Equality and Inequality 140
10 The Minimum Wage 162
11 The Economics of Exceptionally High Earners 174Contents viii
PART III Education and Training 181
12 The Economics of Higher Education 183
13 The Economics of Intragenerational Mobility 197
14 Early Childhood Education 211
15 Elementary and Secondary Education 217
PART IV Taxes and Transfers 225
16 Income Taxes and Inequality 227
17 Wealth Taxes and Inequality 244
18 The Safety Net 273
PART V Discrimination and Disparity 287
19 The Economics of Discrimination 289
20 The Laws Against Discrimination 311
PART VI Social Problems 329
21 Family Policy and Inequality 331
22 Health and Health Inequality 337
23 Housing and Neighborhoods 345
24 Poverty 352
25 Intergenerational Mobility 377
26 Concluding Thoughts 397
Bibliography 404
Index 425