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Table of Contents
Acknowledgments
Executive Summary
Introduction: Life and times in the new economy
Documentation and methodology
Chapter 1 – Family Income: “New economy” drives a wedge between productivity and living standards
Income growth in the new economy, 1995-2000
Income trends over the long-term
Median family income
Median income and productivity growth
Adjusting for family size
Family income by race and ethnicity: big gains from full employment, but significant losses since 2000
Income by age and family type
Income changes by family type
Growing inequality of family income
Federal taxes, living standards, and inequality
Family income changes by income class
Expanding capital incomes
Family work hours
Conclusion
Chapter 2 – Income-class mobility: How much is there?
Intergenerational mobility
The roles of wealth and education
Mobility from an international perspective
Family income mobility
Cohort analysis
Intragenerational mobility
Conclusion
Chapter 3 – Wages: Growth stalls while productivity and compensation diverge
An extraordinary 10 years
Contrasting work hours and hourly wage growth
Contrasting compensation and wage growth
Wages for production and nonsupervisory workers
Wage trends by wage level
Shifts in low-wage jobs
Trends in benefit growth and inequality
Explaining wage inequality
Productivity and the compensation/productivity gap
Rising education/wage differentials
Young workers’ wages
The growth of within-group wage inequality
Wage growth by race and ethnicity
The gender wage gap
Unemployment and wage growth
the shift to low-paying industries
Trade and wages
The union dimension
An eroded minimum wage
The technology story of wage inequality
What is the technology story?
Computers and wage inequality
Reasons for skepticism about the technology story
Explaining education/wage gaps
Within-group wage inequality
Has there been a shift in the types of technologies deployed?
Executive pay and the very highest earners
Jobs of the future
Conclusion
Chapter 4 – Jobs: Diminished expectations
Jobs
Industry sectors
Job quality
Unemployment
Long-term unemployment
Shifting shares of unemployment and long-term unemployment
Underemployment
Employment
Nonstandard work
Conclusion
Chapter 5 – Wealth: Unrelenting disparities
Net worth
Low net worth
Racial divide
Assets
Stocks
Home ownership
Retirement wealth and income adequacy
Liabilities
Debt service
Hardship
Conclusion
Chapter 6: Poverty: Rising over recovery as job market stalls
The official poverty measure
Racial and ethnic differences in poverty rates
Child and family poverty
The depth of poverty
Immigration and poverty
Characteristics associated with long spells of poverty
Alternative poverty measures
The one-two punch of full employment and pro-work policies
Getting it (mostly) right: poverty in the 1990s
A closer look at poverty’s determinants
Role of the low-wage job market
Conclusion
Chapter 7 – Regional analysis [to be included in final publisher’s release]
Chapter 8 – International comparisons: How does the United States stack up?
Incomes and productivity: the United states is less dominant
Employment and hours worked: differing labor/leisure preferences
Workers’ wages and compensation: some getting ahead, some falling behind
Household income and inequality: higher incomes and inequality in the United States
Poverty: the United States has highest levels
Health care: a problem of distribution in the United States
Evaluating the U.S. model
Appendix A
Appendix B
Table Notes [to be included in final publisher’s release]
Figure Notes [to be included in final publisher’s release]
Bibliography [to be included in final publisher’s release]
Index [to be included in final publisher’s release]
About EPI
About the authors
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