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Full Description
The challenge of how to ensure that working families see their living standards improve over time is central in rich countries. Many argue that conditions are stagnating for many, driving political polarization and threatening social stability. Generating Prosperity for Working Families in Affluent Countries investigates how common such a "squeeze" on middle-income earners has actually been, and what forces underlie it in terms of globalization, technology, and government policies.
Generating Prosperity for Working Families in Affluent Countries presents the findings of a comprehensive analysis of performance in improving living standards across the wealthy nations of the OECD. It relates performance to overall economic growth, exploring why these often diverge substantially, and to the different models of capitalism or economic growth embedded in each country. Going beyond income, other indicators and aspects of living standards are also incorporated including non-monetary indicators of deprivation and financial strain, wealth and its distribution, and intergenerational mobility. Through looking across this broad canvas, this book teases out how ordinary households have fared in recent decades in these critically important respects, and how that should inform the quest for inclusive growth and prosperity.
Contents
1: Brian Nolan: Introduction
2: Brian Nolan and Stefan Thewissen: The Evolution of Living Standards for Middle and Lower Income Households in OECD Countries
3: Brian Nolan and Stefan Thewissen: Inequality and Ordinary Living Standards in OECD Countries
4: Brian Nolan, Max Roser, and Stefan Thewissen: Median Household Income and GDP
5: Brian Nolan, Stefan Thewissen, and Alice Lazzati: Sources of Household Income Growth in Rich Countries
6: Brian Nolan and Chloé Touzet: Evolution of Median and Lower Incomes across Countries: The Role of Institutions and Growth "Models"
7: Craig Holmes: The Labour Market: Wage Inequality, Occupations and Mobility
8: Annalisa Cristini, Andrea Geraci, and John Muellbauer: Sifting through the ASHE: Job Polarisation and Earnings Inequality in the UK, 1975-2015
9: Brian Nolan: Minimum Wages and Supporting Wage Growth
10: Brian Nolan, Chrysa Leventi, Holly Sutherland, and Iva Tasseva: Strengthening Redistribution
11: Marii Paskov, Joan Madia, and Tim Goedemé: Middle and below living standards: what can we learn from beyond income measures of economic wellbeing?
12: Salvatore Morelli, Brian Nolan and Philippe van Kerm: Wealth Inequality
13: Erzsébet Bukodi and Marii Paskov: Income inequality, living standards and intergenerational social mobility
14: Brian Nolan: Conclusions and Implications
