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The Level and Distribution of Economic Well-Being

In: The American Economy in Transition

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

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, December.
  • This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 11300.
    Handle: RePEc:nbr:nberch:11300
    Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
    Phone: 617-868-3900
    Web page: http://www.nber.org
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    1. Michael Rothschild & Joseph E. Stiglitz, 1972. "Some Further Results on the Measurement of Inequality," Cowles Foundation Discussion Papers 344, Cowles Foundation for Research in Economics, Yale University.
    2. Blinder, Alan S, 1976. "Inequality and Mobility in the Distribution of Wealth," Kyklos, Wiley Blackwell, vol. 29(4), pages 607-38.
    3. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    4. Browning, Edgar K, 1978. "The Burden of Taxation," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 649-71, August.
    5. Stigler, George J, 1973. "General Economic Conditions and National Elections," American Economic Review, American Economic Association, vol. 63(2), pages 160-67, May.
    6. 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.
    7. Rivlin, Alice M, 1975. "Income Distribution-Can Economists Help?," American Economic Review, American Economic Association, vol. 65(2), pages 1-15, May.
    8. Shorrocks, Anthony, 1978. "Income inequality and income mobility," Journal of Economic Theory, Elsevier, vol. 19(2), pages 376-393, December.
    9. 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.
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