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Economics

W.E. Upjohn Institute for Employment Research

2020

Income inequality

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The Political Economy Of Inequality: U.S. And Global Dimensions, Sisay Asefa Editor, Wei-Chiao Huang Editor Mar 2020

The Political Economy Of Inequality: U.S. And Global Dimensions, Sisay Asefa Editor, Wei-Chiao Huang Editor

Upjohn Press

The contributors to this book discuss a variety of forms of social inequality which include large gaps in accumulated assets, discrepancies in access to quality education, unstable family life, lack of access to banking services, poor employment prospects, lack of health care services, and underrepresentation for political and legal matters. Together, they show how these forms of inequality are interrelated with income inequality and that, taken together, they pose the risk for societal and political unrest should they be left unresolved.


College Attainment, Income Inequality, And Economic Security: A Simulation Exercise, Brad J. Hershbein, Melissa S. Kearney, Luke W. Pardue Jan 2020

College Attainment, Income Inequality, And Economic Security: A Simulation Exercise, Brad J. Hershbein, Melissa S. Kearney, Luke W. Pardue

Upjohn Institute Policy and Research Briefs

No abstract provided.


College Attainment, Income Inequality, And Economic Security: A Simulation Exercise, Brad J. Hershbein, Melissa S. Kearney, Luke W. Pardue Jan 2020

College Attainment, Income Inequality, And Economic Security: A Simulation Exercise, Brad J. Hershbein, Melissa S. Kearney, Luke W. Pardue

Upjohn Institute Working Papers

We conduct an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment on a variety of measures of income inequality and economic insecurity. Using two different methodological approaches—a distributional approach and a causal parameter approach—we find that increased rates of bachelor’s and associate degree attainment would meaningfully increase economic security for lower-income individuals, reduce poverty and near-poverty, and shrink gaps between the 90th and lower percentiles of the earnings distribution. However, increases in college attainment would not significantly reduce inequality at the very top of the distribution.