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The Level and Distribution of Economic Well-Being

In: The American Economy in Transition

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Author Info

  • Alan S. Blinder
  • Irving Kristol
  • Wilbur J. Cohen

Abstract

This paper summarizes and critically evaluates what is known about postwar trends in both the level and distribution of economic well-being. Although certain non-income aspects of well-being are considered, the primary focus is on the level and inequality of income. Considerable attention is paid to recent controversies over the effects of transfers in kind and changing life-cycle income patterns on the overall trend in income inequality.

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This chapter was published in:

  • Martin Feldstein, 1980. "The American Economy in Transition," NBER Books, National Bureau of Economic Research, Inc, number feld80-1, October.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 11300.

    Handle: RePEc:nbr:nberch:11300

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    References

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    1. Morgan, James N & Smith, James D, 1969. "Measures of Economic Well-Offness and Their Correlates," American Economic Review, American Economic Association, vol. 59(2), pages 450-62, May.
    2. Shorrocks, Anthony, 1978. "Income inequality and income mobility," Journal of Economic Theory, Elsevier, vol. 19(2), pages 376-393, December.
    3. Rothschild, Michael & Stiglitz, Joseph E., 1973. "Some further results on the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 6(2), pages 188-204, April.
    4. Blinder, Alan S, 1976. "Inequality and Mobility in the Distribution of Wealth," Kyklos, Wiley Blackwell, vol. 29(4), pages 607-38.
    5. Rivlin, Alice M, 1975. "Income Distribution-Can Economists Help?," American Economic Review, American Economic Association, vol. 65(2), pages 1-15, May.
    6. Browning, Edgar K, 1978. "The Burden of Taxation," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 649-71, August.
    7. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    8. Stigler, George J, 1973. "General Economic Conditions and National Elections," American Economic Review, American Economic Association, vol. 63(2), pages 160-67, May.
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    Cited by:
    1. von Weizsacker, Robert K., 1996. "Distributive implications of an aging society," European Economic Review, Elsevier, vol. 40(3-5), pages 729-746, April.
    2. Thomas Lemieux, 2007. "The Changing Nature of Wage Inequality," NBER Working Papers 13523, National Bureau of Economic Research, Inc.
    3. R. D. Plotnick & E. Smolensky & E. Evenhouse & S. Reilly, . "The Twentieth Century Record of Inequality and Poverty in the United States," Institute for Research on Poverty Discussion Papers 1166-98, University of Wisconsin Institute for Research on Poverty.
    4. Joel Slemrod, 1998. "The Economics of Taxing the Rich," NBER Working Papers 6584, National Bureau of Economic Research, Inc.

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