BACK TO SHARED PROSPERITY

Transcription

1 BACK TO SHARED PROSPERITY The Growing Inequality of Wealth and Income in America Ray Marshall editor. Sharpe Armonk, New York London, England

2 Contents List of Tables and Figures Preface: Restoring Broadly Shared Prosperity Acknowledgments ix xi xiii Overview Back to Shared Prosperity: The Growing Inequality of Wealth and Income in America Ray Marshall 3 PART I. INTRODUCTION: OPPORTUNITY IN AMERICA Recent Trends in the Distribution of Household Wealth EdwardN. Wolff The Effects of Economic Growth and Inequality on Opportunity Daniel P. McMurrer and Isabel V. Sawhill Economic Outcomes and Mental Health Mary Merva and Richard Fowles One More Chance: Cities in the Twenty-first Century Economy Elliott Sclar Jobless Ghettos: The Social Implications of the Disappearance of Work in Segregated Neighborhoods William J. Wilson The Labor Market for Young African-American Men: Recent Trends, Causes, and Implications Harry J. Holier Including Latinos in Broadly Shared Prosperity Jorge Chapa 103

3 8. Crime and Prosperity: Neighborhood Explanations for Change in Crime Rates William Spelman Closing the Gap: Women's Economic Progress and Future Prospects Heidi Hartmann 119 PART II. FORCES FOR CHANGE: TECHNOLOGY, GLOBALIZATION, AND DEMOGRAPHICS The Workplace Implications of Global Technological Advance Robert M. White and Richard H. White The Networked Economy Daniel F. Burton, Jr Globalization of Financial Markets Jane W. D'Arista Why the Baby-Bust Cohorts Haven't Boomed Yet: A Re-Examination of Cohort Effects on Wage Inequality in the United States Diane J. Macunovich Social and Political Impacts of Recent Trends in U.S. Immigration MichaelS. Teitelbaum 171 PART III. POLICIES TO RESTORE SHARED PROSPERITY 181 A. National and International Economic Policy What Can Macro-Policy Do? Robert M. Solow Budgets and Taxes Robert Eisner Social Security: A New Deal Program for the Twenty-first Century Dean Baker Pension Policies to Maintain Workers' Access to Retirement Teresa Ghilarducci 204

4 19. Public Investment for a Twenty-first Century Economy Jeff Faux Trade and Inequality TheaLee 219 B. Education Schooling, Learning, and Economic Growth Mark R. Rosenzweig How the United States Can Develop a World-Class Education System Marc Tucker Transition from School to Work: Black, Hispanic, and White Men in the 1980s Avner Ahituv, Marta Tienda, and V. Joseph Hotz 250 C. Labor Market Policies Wages and the Service Sector Lester Thurow A Thirty-Five-Year Perspective on Workforce Development Programs Garth Mangum Public Labor Market Policies for the Twenty-first Century Christopher T. King, Robert E. McPherson, and Donald W. Long Public Service Employment: A Look Back and a Look Ahead Eli Ginzberg Public Service Employment: Lessons from U.S. Experience in the 1970s Richard P. Nathan Employer Training: The High Road, the Low Road, and the Muddy Middle Path Anthony P. Carnevale and Donna M. Desrochers 300 D. Health Care Health Care for Low-Income People Karen Davis 311

5 E. Industrial Relations Reconstructing the Social Contract in Employment Relations Thomas A. Kochan Employee Involvement and Representation: Economic and Policy Implications Paula Voos 332 F. Corporate Governance Financial Market Barriers to High-Performance Work Organizations Eileen Appelbaum and Peter Berg Restoring Broadly Shared Prosperity: A Business Perspective Thomas J. Usher 352 G. Communities, Regions, and Rural and Urban Areas Justice at the Gates of the City: A Model for Shared Prosperity Ernesto Cortes, Jr Access to Capital and Inner-City Revitalization: Urban Policy After Proposition 209 Gary A. Dymski 2> The U.S. Rural Economy in Historical and Global Context William Galston Prosperity and Inequality Among America's Cities and Regions Norman J. Glickman 395 List of Contributors 407 Index 411