Is income equality possible in modern capitalism? Yes. Would it hurt the economy? No.
References
1.
FrancineD. BlauLawrenceM. Kahn.At Home and Abroad: U.S. Labor Market Performance in International Perspective (Russell Sage Foundation, 2002). A useful statement and empirical assessment of the view that high wages at the low end of the earnings distribution are an impediment to high employment.
2.
RobertE. GoodinBruceHeadeyRuudMuffelsHenk-JanDirven.The Real Worlds of Welfare Capitalism (Cambridge University Press, 1999). Examines the impact of social policies on economic growth, inequality, poverty, and other outcomes in the United States, Germany, and the Netherlands.
3.
LaneKenworthy.Egalitarian Capitalism (Russell Sage Foundation, 2004). Assesses the causes and consequences of inequality in affluent nations in the 1980s and 1990s.
4.
LaneKenworthy.Jobs with Equality (Russell Sage Foundation, forthcoming 2007). Argues that high employment is crucial to the sustainability of generous redistributive programs and therefore to low income inequality, and analyzes the effects of institutions and policies on employment in affluent countries.
5.
FritzW. ScharpfVivienA. Schmidt, eds. Welfare and Work in the Open Economy. 2 vols. (Oxford University Press, 2000). Case studies and comparative analyses of what determines employment performance in rich nations.
