Inequality , Income Growth , and Mobility : The Basic Facts ” and Chapter two : “ Changing Economy

@inproceedings{Gottschalk2004InequalityI,
  title={Inequality , Income Growth , and Mobility : The Basic Facts ” and Chapter two : “ Changing Economy},
  author={Peter A. Gottschalk},
  year={2004}
}
D uring the 1950s and 1960s, mean wages in the United States grew rapidly, and the dispersion around this growing mean changed very litde. Starting in the 1970s and continuing into the 1980s and 1990s, these patterns were reversed: mean wages grew slowly, and inequality increased rapidly. These changes in labor markets were reflected in changes in the distribution of family income.' The mean of the distribution of family income did increase after 1973, in spite of the near constancy of mean… CONTINUE READING

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