Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. In a book that explores the very meaning of happiness and prosperity in America today, Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off "expenditure cascades" that raise the cost of achieving many basic goals for the middle class. Writing in lively prose for a general audience, Frank employs up-to-date economic data and examples drawn from everyday life to shed light on reigning models of consumer behavior. He also suggests reforms that could mitigate the costs of inequality. Falling Behind compels us to rethink how and why we live our economic lives the way we do. Copub: Russell Sage FoundationAbout the Author:
Robert H. Frank is an economics professor in the Johnson Graduate School of Management at Cornell University, Distinguished Senior Fellow at Demos: A Network for Ideas and Action, and a columnist for The New York Times. His books include The Winner Take-All Society (with Philip J. Cook), Luxury Fever, Choosing the Right Pond, Passions Within Reason, and Principles of Economics (with Ben S. Bernanke).
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Descripción University of California Press, 2007. Estado de conservación: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Contents Preface 1. Introduction 2. Recent Changes in Income and Wealth Inequality 3. Inequality, Happiness, and Health 4. Envy or Context? 5. The Rising Cost of Adequate 6. Why Do We Care about Rank? 7. What Types of Consumption Are Most Sensitive to Context? 8. How Can Middle-Class Families Afford to Keep Up? 9. Smart for One, Dumb for All 10. Looking Ahead 11. Lessons for Public Policy 12. Reflections Notes References Index. Nº de ref. de la librería ABE_book_new_0520252527
Descripción University of California Press, 2007. Paperback. Estado de conservación: New. book. Nº de ref. de la librería 0520252527
Descripción University of California Press, 2007. Paperback. Estado de conservación: New. Nº de ref. de la librería P110520252527