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1 Background and History, 1 A Widening Gap, 3 Measuring Income Inequality, 5 Wealth Inequality, 7 Long-Term Trends, 9 Rowboats, Yachts, and Rising Tides, 11 Race, Ethnicity, and Economic Inequality, 13 Income Inequality and Health, 16 Income Inequality and Education, 18 A Shrinking Middle Class? 21 From Rich to Poor and Poor to Rich: Mobility, 23 Rich and Poor: The Political Dimension, 25 2 Problems, Controversies, and Solutions, 31 The Wage Structure and Human Capital, 32 Labor Skills, Labor Demand, and Technological Change, 33 International Competition, 35 Immigration, 37 Unions and the Wage Distribution, 39 The Minimum Wage and Inequality, 41 Winner Take All? 42 Family Structure and Income Distribution, 44 Political Perspectives on Income Inequality, 46 Education as an Income Equalizer, 47 The Effectiveness of Early Interventions, 48 U.S. Schools and Inequality, 51 Ways to Improve Low-SES Student Performance, 53 College: Ticket to the Middle Class, 55 Working on the Labor Market, 57 The Living Wage as a Boost to Low Wages, 58 Stronger Unions as a Means to Lift Low Wages, 59 Earned Income Tax Credit, 60 Limits on CEO Pay, 62 Immigrant Labor Supplies, 63 Taxes and Transfer Payments, 65 Wealth and Estate Taxes, 68 Asset-Building Policies, 70 Summary, 72 3 Worldwide Perspective, 79 A World of Contrasts, 79 National Rates of Income Inequality, 81 Income Inequality in Latin America and Africa, 83 Poverty in the Rich Countries, 85 National Trends in Income Inequality, 87 Income by Country: Divergence or Convergence? 90 A New Concept of Global Inequality, 92 Less Inequality, Less Poverty? 94 Economic Mobility: The United States in Global Perspective, 96 Top U.S. Incomes in Worldwide Perspective, 98 CEO Pay and Income Inequality, 99 Wealth Taxes: A (So Far) Non-American Response to Wealth Inequality, 101 A Caution on Wealth Taxes, 103 4 Chronology, 107 5 Biographical Sketches, 127 Horatio Alger Jr., 127 Anne L. Alstott, 128 Warren E. Buffett, 129 John Bates Clark, 130 Chuck Collins, 131 Marian Wright Edelman, 132 John Edwards, 133 Barbara Ehrenreich, 134 Victor R. Fuchs, 135 William H. Gates III, 136 Corrado Gini, 137 Hetty Green, 138 Dolores Huerta, 139 Jonathan Kozol, 140 Simon Kuznets, 141 Bhashkar Mazumder, 142 Sara S. McLanahan, 143 Mollie Orshansky, 144 John D. Rockefeller, 145 Paul G. Schervish, 146 Thomas M. Shapiro, 147 Michael Sherraden, 148 Ronald J. Sider, 149 Timothy M. Smeeding, 150 Samuel Walton, 151 Richard Wilkinson, 151 Edward N. Wolff, 152 6 Data and Documents, 155 Inequality and the American Public: The Maxwell School Survey, 171 Perceptions of Inequality Trends, 171 Concerns about Inequality, 173 California Kids Investment and Development Savings (KIDS) Accounts, 175 Ben Bernanke on U.S. Income Inequality, 179 Pay without Performance: The Great CEO Guarantee, 182 Are CEOs Overpaid? 184 The Estate Tax 'Recycles' Opportunity, 187 Being Profitable Is Giving Back, 190 Andrew Carnegie on What to Do with a Fortune [1889], 192 Giving Back, Big Time: The Carnegie-Buffett Connection, 194 Being Poor, 197 7 Directory of Organizations, 201 8 Selected Print and Nonprint Resources, 227 Print Resources, 227 Articles, 227 Books, 230 Nonprint Resources, 247 Web Sites, 247 Videos, 251 Contact Information for Video Distributors and Vendors, 256 Glossary, 259 Index, 263 About the Author, 275