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http://hdl.handle.net/10419/31700
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| Title: | | Class structure and economic inequality  |
| Authors: | | Wolff, Edward N. Zacharias, Ajit |
| Issue Date: | | 2007 |
| Series/Report no.: | | Working papers // The Levy Economics Institute 487 |
| Abstract: | | Existing empirical schemas of class structure do not specify the capitalist class in an adequate manner. We propose a schema in which the specification of capitalist households is based on wealth thresholds. Individuals in noncapitalist households are assigned class locations based on their position in the labor process. The schema is designed to address the question of the relationship between class structure and overall economic inequality. Our analysis of the U.S. data shows that class divisions among households, especially the large gaps between capitalist households and everyone else, contribute substantially to overall inequality. |
| Subjects: | | Class Analysis Living Standards Inequality |
| JEL: | | B51 D31 P16 Y80 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Levy Economics Institute of Bard College
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