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Inequality and Economic Policy
Essays In Honor of Gary Becker
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eBook - ePub
Inequality and Economic Policy
Essays In Honor of Gary Becker
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About This Book
Drawing from a 2014 Hoover Institution Conference on Inequality in honor of Gary Becker, a group of distinguished contributors explore various measures of inequality in America and address the issue of whether or not it is increasing. In looking at this question and examining policy implications, the authors draw on research on human capital and intergenerational mobility. The authors suggest that the emphasis on inequality and redistribution, while not wrong, is nevertheless misplaced, for it may lead us to adopt policies that will disrupt the progress we have made while doing nothing to promote the kind of growth that is essential to national progress.
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Yes, you can access Inequality and Economic Policy by Tom Church, Chris Miller, John B. Taylor, Tom Church, Chris Miller, John B. Taylor in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.
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Index
ACA. See Affordable Care Act
adjusted gross income (AGI), 25, 26f
Affordable Care Act (ACA)
āARRA of 2009 and, 95
āCOBRA compared to, 108
ācronyism and, 155
āemployer penalty with, 96ā97
āmarket exchanges and, 96, 97, 98f, 99
āmarriage and, 106
āmeasures of wages, 101f
āRomneyCare and, 109
āsafety net rules compared with work hours, 100f
ātaxes, 94f, 99f, 100f, 101f, 106
Africa, 150
African Americans, 149, 160, 173, 176, 183
agenda
āwith confiscatory taxation, 147ā48
āpolitics and, 156ā58
AGI. See adjusted gross income
AIG, 44ā45
Alliance for School Choice, 169
American Economic Review, 20
American Recovery and Reinvestment Act. See ARRA of 2009
answer. See question and answer
Antoinette, Marie, 151
ARRA (American Recovery and Reinvestment Act) of 2009, 95
asset tax, 95
athletes, salaries for professional, 33f
Avery, Chris, 130, 134
avoidance, of taxes, 138ā39
Baby Boomers, 116ā17
Bakija, Jon, 27
banks
āGrameen Banks, 166ā67, 175ā76
āwealth tax and, 10
Bechtel, 188
Becker, Gary
āconsumption patterns and, 184
āwith economics of discrimination, 183
āhuman capital and, 72, 130, 185
āincome inequality and, xvāxvi
āinfluence, 17, 65, 91ā92, 186, 188
āLazear on, 181ā87
ālegacy, xvi, 20, 181ā82
āNobel Prize and, xv, 186
āShultz on, 188ā90
behavior, taxes and, 138ā39
billionaires
āin China, 46ā47
āwealth of non-US and US, 39f, 40
Black-Scholes, 22, 42
BLS (Bureau of Labor Statistics), 143
Blueseed boat, 165
Bogle, John, 41
bonds
āmunicipal, 141
āstocks and, 6, 10, 13
borrowing constraints, 134
Brown, Jerry, 134, 169ā70, 175
Buffett, Warren, 10
Bureau of Labor Statistics. See BLS
Bush, George H. W., 171
Bush, George W., 171
businesses
ābusiness dynamism, 62
āForbes 400 and generation of wealth-creating, 34, 35f
ālife cycle of, 164
āwith micro lending, 166, 172
āprivate companies, 27ā29, 28f
āpublicly traded companies, 21ā29, 23f, 24f, 25f, 26f
āstart-ups, 163ā65. See also industries
buzzword, inequality as meaningless, 156, 176
California
āeducation in, 160ā62, 170
āmath proficiency rate in, 160
āwith prison guard salaries, 174ā75
ārecidivism rate, 174
āteacher dismissal rate in, 161
āVergara v. California, 161ā62
California Correctional Peace Officers Association, 174, 175
California Public Employeesā Retirement System (CalPERS), 41ā42
capital, physical, 133. See also human capital
capital gains
āincome converted into, 138ā39
āincome from, 6, 10, 18, 19f. See also bonds; stocks
Capital in the Twenty-First Century (Piketty), 2, 21
capitalism
āinequality fundamental to, 3
ātripartite division of, 3ā4
Caplan, Bryan, 85
carbon tax, revenue-neutral, 190
cartelization, of economy, 12
Carter, Jimmy, 13
CEO pay
āwith ex-ante pay, 21ā22, 23f, 25, 26f
āhedge-fund managers to total ex-ante pay of S&P 500, 30, 31f
āin publicly traded companies, 21ā27, 23f, 24f, 25f, 26f
āwith realized pay, 22, 23, 24f
āregulation of, 147
āwith S&P 500 net income (1993ā2012), 24, 25f
charitable giving, 139
Chetty, Raj, 131ā32, 162
children
ādaughters, 85, 185
ādivorce rate in families with, 186
āearly childhood intervention, 178ā79
āemployment rate for teens, 177
āenrichment expenditures per child, by parental income, 70, 71f, 74ā75
āhuman capital and, xvii, 72ā76, 82, 85, 130, 187
āmothers with ācost of a child,ā 184ā85
āsons, 67, 68f, 69, 69f, 70f, 74
āstudent debt and, 87, 137
China, 14, 145, 150
ābillionaires in, 46ā47
āeducation in, 160
āwith poverty, 165ā66
climate change, 157
clinics, health, 167
Clinton, Bill, 15
COBRA
āACA compared to, 108
āsubsidies, 94ā95
Cochrane, John H., 166, 176, 178, 180
college
ācollege earnings premium, 66, 67f
ācommunity colleges, 174
āwith huma...
Table of contents
- Cover
- Series Page
- Title Page
- Copyright
- Dedication
- Contents
- List of Tables and Figures
- Acknowledgments
- Introduction
- One. Background Facts
- Two. The Broad-Based Rise in the Return to Top Talent
- Three. The Economic Determinants of Top Income Inequality
- Four. Intergenerational Mobility and Income Inequality
- Five. The Effects of Redistribution Policies on Growth and Employment
- Six. Income and Wealth in America
- Seven. Conclusions and Solutions
- Eight. Remembering Gary Becker
- Conference Agenda
- About the Contributors
- About the Hoover Institutionās Working Group on Economic Policy
- Series List
- Index