Fading Hope in the US

Jo Ritzen () and Klaus Zimmermann ()
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Jo Ritzen: affiliation not available

No 6340, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: A substantial literature claims that the strong increase in inequality over the last decade in countries such as the US would lead to a collapse of society. Fading hopes in the population seem to confirm this. The paper rejects this interpretation since the decline in hopes cannot be traced back to rising inequality.

Keywords: confidence; ethnicity; hope; human capital; income inequality (search for similar items in EconPapers)
JEL-codes: D31 J15 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2012-02
New Economics Papers: this item is included in nep-hme, nep-ltv and nep-soc
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