This book presents a global analysis of the distribution of pay, deploying systematic new measurements on a large scale. Contributions cover the US wage structure back to 1920 and up to 1998, pay inequality and unemployment in Europe since 1970, and the evolution of inequality alongside industrial growth, liberalization, financial crisis, state violence and industrial policy in more than fifty developing countries. The essays evaluate the major debates over rising inequality, and support the emerging view that there exists a powerful macro-dynamics of pay inequality in both rich and poor countries - a view whose origins go back to Keynes and Kuznets. Several papers present detailed descriptions of a new global pay inequality data set based on Theil's T statistic; theoretical and methodological chapters permit students and specialists full access to the measurements and to the non-parametric statistical techniques underlying these studies.
Part I. Introduction to Theory and Method: 1. The macroeconomics of income distribution James K. Galbraith; 2. Measuring inequality and industrial change Maureen Berner and John K. Galbraith; Part II. Inequality, Unemployment and Industrial Change: 3. The American wage structure: 1920-1947 Thomas Ferguson and James K. Galbraith; 4. Inequality in American manufacturing wages, 1920-1998: a revised estimate James K. Galbraith and Vidal Garza Cantu; 5. Industrial change in the OECD: new evidence from the STAN Amy Calistri and James K. Galbraith; 6. Inequality and unemployment in Europe: the American cure Pedro Conceicao, Pedro Ferreira, and James K. Galbraith; Part III. Inequality and Development: 7. Towards a new Kuznets hypothesis: theory and evidence on growth and inequality Pedro Conceicao and James K. Galbraith; 8. Measuring the evolution of inequality in the global economy James K. Galbraith and Lu Jiaqing; 9. Economic regionalization, inequality, and financial crises James K. Galbraith and Lu Jiaqing; 10. Inequality and state violence: a short report James K. Galbraith and George Purcell; 11. Grading the performance of Latin American regimes, 1970-1995 James K. Galbraith and Vidal Garza Cantu; 12. The evolution of industrial earnings inequality in Mexico and Brazil Paulo Du Pin Calmon, Pedro Conceicao, James K. Galbraith, Vidal Garza Cantu and Abel Hibert; 13. The legacy of the HCI: an empirical analysis of Korean industrial policy James K. Galbraith and Junmo Kim; 14. Inequality and economic development: concluding reflections; Part IV. Technical Appendices: 15. Constructing long and dense time series of inequality using the Theil statistic Pedro Conceicao and James K. Galbraith; 16. Cluster and discriminant analysis on time series as a social science research tool James K. Galbraith and Lu Jiaqing.