Stanford, California : Hoover Institution Press, 2015.
Book — xviii, 214 pages : illustrations ; 23 cm.
Background facts / James Piereson
The broad-based rise in return to top talent / Joshua D. Rauh
The economic determinants of top income inequality / Charles I. Jones
Intergenerational mobility and income inequality / Jörg L. Spenkuch
The effects of redistribution policies on growth and unemployment / Casey B. Mulligan
Income and wealth in America / Kevin M. Murphy and Emmanuel Saez
Conclusions and solutions / John H. Cochrane, Lee E. Ohanian, and George P. Shultz
Remembering Gary Becker / Edward P. Lazear and George P. Shultz.
Drawing from a 2014 Hoover Institution Conference on Inequality in honor of Gary Becker, a group of distinguished contributors explore various measures of inequality in America and address the issue of whether or not it is increasing. In looking at this question and examining policy implications, the authors draw on research on human capital and intergenerational mobility. The authors suggest that the emphasis on inequality and redistribution, while not wrong, is nevertheless misplaced, for it may lead us to adopt policies that will disrupt the progress we have made while doing nothing to promote the kind of growth that is essential to national progress. (source: Nielsen Book Data)