The changing fortunes of American families in the 1980s
After the recessions of 1980 and 1981-82, family income in the United States expanded through most of the 1980s. The decade brought gains in living standards to most families, but these gains were not distributed evenly; the rich grew richer but the poor grew poorer. This article examines shifts in the sources of family income and family work patterns between 1979 and 1988 in order to address the question: Why were the period’s income gains so unevenly distributed? ; The first section describes the changes that occurred in the distribution of family income in the 1980s, and discusses some hypotheses about the sources of such changes. Part II examines sources of family income, focusing on growing inequality in the distribution of earned income. Earnings grew faster for families with high incomes than for those with low incomes because changing patterns of labor force participation reinforced growing inequality in both men’s and women’s wages. The author finds that families with limited access to the labor market--the young, the unemployed, the less educated--were left behind in the earnings-driven income growth of the 1980s.
Volume (Year): (1990)
Issue (Month): Jul ()
|Contact details of provider:|| Postal: |
Web page: http://www.bos.frb.org/
More information through EDIRC
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kim B. Clark & Lawrence H. Summers, 1979. "Labor Market Dynamics and Unemployemnt: A Reconsideration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(1), pages 13-72.
- Katharine L. Bradbury, 1986. "The shrinking middle class," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 41-55.
When requesting a correction, please mention this item's handle: RePEc:fip:fedbne:y:1990:i:jul:p:25-40. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.