|This centre is a member of The LSE Research Laboratory [RLAB]: CASE | CEE | CEP | FMG | SERC | STICERD||Cookies?|
Paper No' CEPUSA004: | Full paper
Save Reference as: BibTeX File | EndNote Import File
Keywords: inequality; social mobility, fiscal crisis, US Election, USA, unemployment
Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series:
Share: Google Bookmarks | Facebook | Twitter
Abstract:During this election period many Americans are feeling angry towards the very rich, especially those working in the financial sector, who helped cause the Great Recession and yet were bailed out by the government. Increases in inequality might be tolerable at a time of growing consumption for all, but they become less acceptable when the unemployment rate has hit 10% and real wages continue to stagnate. The chances that those who are born poor will escape from poverty are lower now in the US than in almost any other OECD country. However, neither of the presidential candidates is clear about how they would tackle the fundamental causes of the enormous shift in the US income distribution.
One page summary (available in Adobe PDF)
Copyright © CEP & LSE 2003 - 2014 | LSE, Houghton Street, London WC2A 2AE | Tel: +44(0)20 7955 7673 | Email: email@example.com | Site updated 10 March 2014