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Title:Class structure and economic inequality PDF Logo
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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