Fading Hope in the US
11 Pages Posted: 18 Feb 2012
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.
Keywords: confidence, ethnicity, hope, human capital, income inequality
JEL Classification: D31, J15
Suggested Citation: Suggested Citation