Fading Hope in the US
affiliation not provided to SSRN
Klaus F. Zimmermann
Institute for the Study of Labor (IZA); German Institute for Economic Research (DIW Berlin); University of Bonn; Journal of Population Economics; Centre for Economic Policy Research (CEPR)
IZA Discussion Paper No. 6340
A substantial literature claims that the strong increase in inequality over the last decade in countries such as the US would lead to a collapse of society. Fading hopes in the population seem to confirm this. The paper rejects this interpretation since the decline in hopes cannot be traced back to rising inequality.
Number of Pages in PDF File: 11
Keywords: confidence, ethnicity, hope, human capital, income inequality
JEL Classification: D31, J15working papers series
Date posted: February 18, 2012
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