Aspects of Distribution of Wealth and Income (Jerome Levy Economics Institute)

In the 1980s, a decade of economic expansion, the rich grew richer but the poor poorer. These essays explore the disparities in wealth and income comparing the fortunes of American households with those in other industrialized nations. Demographic and structural changes, saving behaviouir, earning gaps, gender, education and race are analysed in these essays and methodological and measurement issues explored. Policies to counteract growing inequality are discussed and remedies proposed.

DIMITRI B. PAPADIMITRIOU is Jerome Levy Professor of Economics and Executive Vice President of Bard College, and President of The Levy Economics Institute, Annandale-on-Hudson, New York, USA. He was Vice-Chairman of the Trade Deficit Review Commission of the US Congress and has testified in the US Senate and Congressional Committee Hearings on Banking and Finance and Small Business. He is a member of the editorial board of "Challenge," He is author and editor of the "Levy Economics Institute Series," editor of "Profits, Deficits and Instability, Aspects of Distribution of Wealth and Income, Stability in the Financial System, Modernizing Financial Systems," and "Induced Investment and Business Cycles," and has authored many articles to professional journals.