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The Level and Distribution of Economic Well-Being

In: The American Economy in Transition

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  • 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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Suggested Citation

  • Alan S. Blinder & Irving Kristol & Wilbur J. Cohen, 1980. "The Level and Distribution of Economic Well-Being," NBER Chapters,in: The American Economy in Transition, pages 415-500 National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:11300
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    References listed on IDEAS

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    1. Rothschild, Michael & Stiglitz, Joseph E., 1973. "Some further results on the measurement of inequality," Journal of Economic Theory, Elsevier, pages 188-204.
    2. Timothy M. Smeeding, 1977. "The Antipoverty Effectiveness of In-Kind Transfers," Journal of Human Resources, University of Wisconsin Press, vol. 12(3), pages 360-378.
    3. A. Zabalza & C. Pissarides & M. Barton, 1980. "Social security and the choice between full-time work, part-time work and retirement," NBER Chapters,in: Econometric Studies in Public Finance, pages 245-276 National Bureau of Economic Research, Inc.
    4. Morgan, James N & Smith, James D, 1969. "Measures of Economic Well-Offness and Their Correlates," American Economic Review, American Economic Association, pages 450-462.
    5. Murray, David, 1978. "Sources of Income Inequality in Australia, 1968-69," The Economic Record, The Economic Society of Australia, vol. 54(146), pages 159-169, August.
    6. Gordon, Roger H. & Blinder, Alan S., 1980. "Market wages, reservation wages, and retirement decisions," Journal of Public Economics, Elsevier, pages 277-308.
    7. Stigler, George J, 1973. "General Economic Conditions and National Elections," American Economic Review, American Economic Association, pages 160-167.
    8. Paglin, Morton, 1975. "The Measurement and Trend of Inequality: A Basic Revision," American Economic Review, American Economic Association, pages 598-609.
    9. Blinder, Alan S & Esaki, Howard Y, 1978. "Macroeconomic Activity and Income Distribution in the Postwar United States," The Review of Economics and Statistics, MIT Press, pages 604-609.
    10. Blinder, Alan S, 1976. "Inequality and Mobility in the Distribution of Wealth," Kyklos, Wiley Blackwell, vol. 29(4), pages 607-638.
    11. Minarik, Joseph J, 1977. "The Measurement and Trend of Inequality: Comment," American Economic Review, American Economic Association, pages 513-516.
    12. Robert J. Lampman, 1962. "The Share of Top Wealth-Holders in National Wealth, 1922-56," NBER Books, National Bureau of Economic Research, Inc, number lamp62-1.
    13. Pyatt, Graham, 1976. "On the Interpretation and Disaggregation of Gini Coefficients," Economic Journal, Royal Economic Society, vol. 86(342), pages 243-255, June.
    14. Shorrocks, Anthony, 1978. "Income inequality and income mobility," Journal of Economic Theory, Elsevier, vol. 19(2), pages 376-393, December.
    15. Danziger, Sheldon & Haveman, Robert H & Smolensky, Eugene, 1977. "The Measurement and Trend of Inequality: Comment," American Economic Review, American Economic Association, pages 505-512.
    16. Rivlin, Alice M, 1975. "Income Distribution-Can Economists Help?," American Economic Review, American Economic Association, pages 1-15.
    17. Sen, Amartya, 1973. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198281931.
    18. Browning, Edgar K, 1978. "The Burden of Taxation," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 649-671, August.
    19. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
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    Cited by:

    1. Lemieux, Thomas, 2008. "L’évolution des inégalités dans les pays industrialisés : le point sur la situation," L'Actualité Economique, Société Canadienne de Science Economique, vol. 84(3), pages 241-262, septembre.
    2. R. D. Plotnick & E. Smolensky & E. Evenhouse & S. Reilly, "undated". "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.
    3. Michel Sollogoub, 1988. "L'inégalité des revenus primaires en France de 1962 à 1979," Revue Économique, Programme National Persée, vol. 39(3), pages 545-572.
    4. Thomas Lemieux, 2008. "The changing nature of wage inequality," Journal of Population Economics, Springer;European Society for Population Economics, pages 21-48.
    5. Joel Slemrod, 1998. "The Economics of Taxing the Rich," NBER Working Papers 6584, National Bureau of Economic Research, Inc.
    6. von Weizsacker, Robert K., 1996. "Distributive implications of an aging society," European Economic Review, Elsevier, vol. 40(3-5), pages 729-746, April.

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