Lecture 2 Slide Show

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Percent

Of

Persons

100%

Figure 1. The Distribution of Goodies over People none tons

Goodies

Figure 2. Distribution of U.S. Households by Income, in

Thousands of U.S. Dollars, 2005 (from Kerbo, p. 21)

20

15

10

5

0

<$5 <10 <15 <25 <35 <50 <75 <100 $100+ percent 3.3

5 6.4

12.4

11.4

14.9

18.4

11.1

17.2

Figure 3. Black U.S. Households by Income in Thousands of

U.S. Dollars, 2005 (from Kerbo, p. 21)

20

15

10

5

0

<$5 <10 <15 <25 <35 <50 <75 <100 $100+ percent 6.8

10.3

8.9

16.1

12.6

15.1

15.1

7.3

7.8

Figure 4. Percentage of Aggregate U.S. Household Income By Lowest to Highest

Earning Fifths, 2005 (from Kerbo, p. 22)

60

50

40

30

20

10

0

Percent low fifth 2nd 5th 3rd 5th

3.4

8.6

14.6

4th 5th

23

5th 5th

50.4

Figure 5. Annual Wages in U.S. Dollars by Occupational Category for U.S. Males and

Females in 2005

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

Exec

Prof

Service

Sale/Off

Nat Res

Prod/Tran

Male Female

U.S. Census, Table PINC-06, "Occupation of Longest Held Job in 2005

Figure 6. Gender Gap (Percent Female/MaleWage) in Annual Wages for U.S. Workers in 2005 (Computed from Figure 5)

80%

75%

70%

65%

60% percent

Admin

71%

Prof

69%

Service

78%

Sale/Off Nat Res Prod/Tran

73% 73% 66%

Figure 7. Median Income in U.S. Dollars by Education for U.S. Men and Women, 2005

(from Kerbo, p. 23)

80,000

60,000

40,000

20,000

0

<HS HS Coll BA MA+

Men 22,138 31,683 39,601 53,693 71,918

Women 13,076 20,176 25,736 36,250 47,319

Figure 8. Gender Gap (Percent Female/MaleWage) in Annual Wages for U.S. Workers by Education in 2005 (Computed from Figure 7)

68%

66%

64%

62%

60%

58%

56% percent

<hs

60% hs

64% college

65% bachelor

68% master+

66%

Figure 9. Percent Income Gains and Losses, 1980-1989, for Lowest to Highest Earning

U.S. Households (in Fifths, plus Top 10% and Top 1%, from Kerbo, p. 27)

80

60

40

20

0

-20

Low

5th

2nd

5th

3rd

5th

4th

5th top

5th top

10th top

1% percent -4.6

-4.1

-0.8

4.6

9.1

15.6

62.9

Figure 10. Income Gains and Losses, 1967-2000, for Lowest to Highest U.S. Earners

(in Fifths, from Kerbo, p. 28)

15

10

5

0

-5

-10

-15

-20

Low 5th 2nd 5th 3rd 5th 4th 5th Top 5th percent -10 -17.6

-13.9

-5 13.5

Figure 11. Median U.S. Household Net Worth by Race, 1991 and 2004 (from Kerbo, p.

33) and Percent of White Wealth for Black Households (Calculated from Kerbo, p. 33)

$150,000

$100,000

$50,000

$0

1991

White $44,408

Black $4,604

2004

118,300

$11,800

% of W 1991 %of W 2004

10% 10%

Figure 12. Median Income and Net Worth for White Families and Other Families in

2001(From The Wealth Inequality Reader, p. 14)

$150,000

$100,000

$50,000

$0

Income Net Worth

White $45,200 $120,900

Other $25,700 $17,900

%White

Income

% White

Net Worth

57% 15%

Figure 13. Median Net Worth and Net Financial Assets for U.S. Households: All,

Married, Single Male Head and Single Female Head in 2001 (From The Wealth

Inequality Reader, p. 16)

150,000

100,000

50,000

0

All Married Male Female

Net Worth 86,100 $140,000 46,990 $27,850

Financial Assets $21,900 $39,770 13,940 $5,600

Figure 14. Average Pre-Retirement Employment Earnings (From Longest Held Job:

“Income”), Social Security, Pension, and Asset Earnings for New (1980-1981) Social Security

Old Age Pension Recipients Interviewed in the New Beneficiary Survey of 1982 (From

Hogan and Perrucci 1998)

$50,000

$45,000

$40,000

$35,000

$30,000

$25,000

$20,000

$15,000

$10,000

$5,000

$0

Income Social

Security

Pension Assets

White Males

White Females

Black Males

Black Females

Figure 15. Race and Gender Gaps (Percent of White Male Income) for White Women and

Black Men and Women in Pre-Retirement Employment Earnings (From Longest Held Job:

“Income”), Social Security, Pension, and Asset Earnings for New (1980-1981) Social Security

Old Age Pension Recipients Interviewed in the New Beneficiary Survey of 1982 (From

Hogan and Perrucci 1998)

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

Income Social

Security

Pension Assets

White Females

Black Males

Black Females

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