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The Price of Inequality (Preface) and The Great Divergence Chapters 1 - 3
The Great Compression and the Great Divergence
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Stiglitz -- Preface
Romney is a Bad Person!!However, the Federal Reserve
Supports his major complaints!
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GD Chapter 3: The Usual Suspects
1. Discrimination Against Blacks and Women
2. Greater Risk of Job Loss
3. Shifts in Marriage Patterns
4. Single Parent Households and Illegitimacy
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Women and Blacks Make Less than White Males
What is seldom noted is that Asian Men and Women make more than their White and Black Counterparts in every occupation.
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Women are Better Educated than Men
Women now make up 57% of Undergraduates in the USA and this percentage appears to be increasing.
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The Rise of Assortative Mating
People increasingly marry people whose incomes and/or education are roughly at the same level as their own. This tends to increase inequality.
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UCLA CA Center for Population Research, WP CCPR-017-05
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UCLA, CA Center for Population Research, WP CCPR-017-05
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Marry Your Like, NBER WP 19829, Figure 1
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Marry Your Like, NBER WP 19829
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Greater Risk of Job Loss
Indirect Evidence, the Rise of non-Business Bankruptcies
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Marriage, Divorce, and Births to Unmarried Women
Abortion is going down but Births to Unmarried Women are going up
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