Lecture 2 Slide Show

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Figure 1. The Distribution of Goodies over People
100%
Percent
Of
Persons
none
tons
Goodies
Figure 2. Distribution of U.S. Households by Income, in
Thousands of U.S. Dollars (from Kerbo, p. 21)
20
15
10
5
0
percent
<$5
<10
<15
<25
<35
<50
<75
3.4
5.6
6.9
13.1
11.9
15
18
<100 $100+
11
15.1
Figure 3. Black U.S. Households by Income in Thousands of
U.S. Dollars (from Kerbo, p. 21)
20
15
10
5
0
percent
<$5
<10
<15
<25
<35
<50
<75
6.9
10.7
9.8
16
13.3
14.9
14.8
<100 $100+
7
6.8
Figure 4. Percentage of Aggregate U.S. Household Income By Lowest to Highest
Earning Fifths (from Kerbo, p. 22)
50
40
30
20
10
0
Percent
low fifth
2nd 5th
3rd 5th
4th 5th
5th 5th
3.4
8.7
14.8
23.4
49.8
Figure 5. Median Weekly Wages in U.S. Dollars by Occupational Category for U.S.
Males and Females in 2000 (from Kerbo, p. 22)
1,200
1,000
Exec
Prof
Tech
Sales
Clerk
Craft
Operative
Labor
800
600
400
200
0
Male
Female
Figure 6. Gender Gap (Percent Female/MaleWage) in Weekly Wages for U.S. Workers
in 2000 (Computed from Kerbo, p. 22)
100%
80%
60%
40%
20%
0%
percent
Admin
Prof
Tech
Sales
Clerk
Craft
Operat
Labor
68%
74%
69%
59%
87%
71%
72%
81%
Figure 7. Median Income in U.S. Dollars by Education for U.S. Men and Women, 2001
(from Kerbo, p. 22)
100,000
80,000
60,000
40,000
20,000
0
Men
<HS
HS
Coll
BA
MA+
17,707 28343 33777 49985 81602
Women 9,625 15665 20101 30973 46635
Figure 8. 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 2nd
5th 5th
percent -4.6
-4.1
3rd
5th
4th
5th
top
5th
top
10th
-0.8
4.6
9.1
15.6 62.9
top
1%
Figure 9. 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
percent
Low 5th
2nd 5th
3rd 5th
4th 5th
Top 5th
-10
-17.6
-13.9
-5
13.5
Figure 10. Median U.S. Household Net Worth by Race and Hispanic (sic) Origin, 1991
and 2001 (from Kerbo, p. 33) and Percent of White Wealth for Black and Latino
Households (Calculated from Kerbo, p. 33)
$150,000
$100,000
$50,000
$0
1991
2001
% of W 1991 % of W 2001
White
$44,408
121,000
Black
$4,604
$19,000
10%
16%
Latino
$5,345
$17,000
12%
14%
Figure 11. 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
White
Other
Income
Net Worth
$45,200
$25,700
$120,900
$17,900
%White
Income
% White
Net Worth
57%
15%
Figure 12. 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
86,100
$140,000
46,990
$27,850
Financial Assets $21,900
$39,770
13,940
$5,600
Net Worth
Figure 13. 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
White Males
White Females
Black Males
Black Females
Income
Social
Security
Pension
Assets
Figure 14. 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%
White Females
Black Males
Black Females
40%
30%
20%
10%
0%
Income
Social
Security
Pension
Assets
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