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"The most widely cited social welfare statistics in the United States are based on tabulations of family income. The picture that emerges is cause for concern; real median family income has hardly risen since the early 1970s, while inequality has increased and poverty has remained high. Yet consumption-based statistics as employed in this work yield rigorous and quite different estimates of individual and social welfare. Closely linked to economic...
Description
"The contributors to this volume investigate to what extent welfare has increased in the United States over the postwar period and provide a rigorous examination of both conventional measures of the standard of living." "This volume answers the question posed by the title and will be of interest to economists, sociologists, policymakers and policy analysts, as well as students of these fields."--Jacket.
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