- Title Pages
- Dedication
- Contributors
- Editors' Introduction
-
Chapter 1 The Stanford Tradition in Economic History -
PART ONE Evolutionary Processes in Economics -
Chapter 2 Natural Resources and Economic Outcomes -
Chapter 3 The Institutionalization of Science in Europe, 1650–1850 -
Chapter 4 The Fundamental Impact of the Slave Trade on African Economies -
Chapter 5 Similar Societies, Different Solutions: U.S. Indian Policy in Light of Australian Policy toward Aboriginal Peoples -
Part Two Spatial Processes and Comparative Development -
Chapter 6 Financial Market and Industry Structure: A Comparison of the Banking and Textile Industries in Boston and Philadelphia in the Early Nineteenth Century -
Chapter 7 Railroads and the Rise of the Factory: Evidence for the United States, 1850–1870 -
Chapter 8 Productivity Growth and the Regional Dynamics of Antebellum Southern Development -
Chapter 9 Banking on the Periphery: The Cotton South, Systemic Seasonality, and the Limits of National Banking Reform -
Chapter 10 Rural Credit and Mobility in India -
Part Three Revolution in Labor Markets -
Chapter 11 Labor-Market Regimes in U.S. Economic History -
Chapter 12 The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal -
Chapter 13 Teachers and Tipping Points: Historical Origins of the Teacher Quality Crisis -
Chapter 14 Inequality and Institutions in Twentieth-Century America -
Chapter 15 The Unexpected Long-Run Impact of the Minimum Wage: -
Chapter 16 America's First Culinary Revolution, or How a Girl from Gopher Prairie Came to Dine on Eggs Fooyung -
Appendix Selected Publications of Gavin Wright - Index
Inequality and Institutions in Twentieth-Century America
Inequality and Institutions in Twentieth-Century America
- Chapter:
- (p.357) Chapter 14 Inequality and Institutions in Twentieth-Century America
- Source:
- Economic Evolution and Revolution in Historical Time
- Author(s):
Frank Levy
Peter Temin
- Publisher:
- Stanford University Press
This chapter analyzes why inequality has increased in the United States since 1980. It discusses earnings levels and inequality, in which skill-biased technical change, globalization, and related factors function within an institutional framework, first presenting evidence that shows stagnating real wages for well-educated men. The chapter then describes the institutional arrangements that originated in the Great Depression and which helped to distribute productivity gains broadly from 1947 to 1973. It also discusses the way in which the post-1973 productivity slowdown and associated stagflation ultimately led to the collapse of institutional arrangements.
Keywords: inequality, United States, earnings, equality, technical change, globalization, wages, Great Depression, productivity gains, stagflation
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- Title Pages
- Dedication
- Contributors
- Editors' Introduction
-
Chapter 1 The Stanford Tradition in Economic History -
PART ONE Evolutionary Processes in Economics -
Chapter 2 Natural Resources and Economic Outcomes -
Chapter 3 The Institutionalization of Science in Europe, 1650–1850 -
Chapter 4 The Fundamental Impact of the Slave Trade on African Economies -
Chapter 5 Similar Societies, Different Solutions: U.S. Indian Policy in Light of Australian Policy toward Aboriginal Peoples -
Part Two Spatial Processes and Comparative Development -
Chapter 6 Financial Market and Industry Structure: A Comparison of the Banking and Textile Industries in Boston and Philadelphia in the Early Nineteenth Century -
Chapter 7 Railroads and the Rise of the Factory: Evidence for the United States, 1850–1870 -
Chapter 8 Productivity Growth and the Regional Dynamics of Antebellum Southern Development -
Chapter 9 Banking on the Periphery: The Cotton South, Systemic Seasonality, and the Limits of National Banking Reform -
Chapter 10 Rural Credit and Mobility in India -
Part Three Revolution in Labor Markets -
Chapter 11 Labor-Market Regimes in U.S. Economic History -
Chapter 12 The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal -
Chapter 13 Teachers and Tipping Points: Historical Origins of the Teacher Quality Crisis -
Chapter 14 Inequality and Institutions in Twentieth-Century America -
Chapter 15 The Unexpected Long-Run Impact of the Minimum Wage: -
Chapter 16 America's First Culinary Revolution, or How a Girl from Gopher Prairie Came to Dine on Eggs Fooyung -
Appendix Selected Publications of Gavin Wright - Index
