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9780520251885

Falling Behind

by
  • ISBN13:

    9780520251885

  • ISBN10:

    0520251881

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2007-07-02
  • Publisher: Univ of California Pr
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List Price: $85.00

Summary

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 Foundation

Author Biography

Robert H. Frank is an economics professor in the Johnson Graduate School of Management at Cornell University

Table of Contents

Prefacep. vii
Introductionp. 1
Recent Changes in Income and Wealth Inequalityp. 6
Inequality, Happiness, and Healthp. 15
Envy or Context?p. 29
The Rising Cost of Adequatep. 43
Why Do We Care about Rank?p. 52
What Types of Consumption Are Most Sensitive to Context?p. 61
How Can Middle-Class Families Afford to Keep Up?p. 78
Smart for One, Dumb for Allp. 87
Looking Aheadp. 95
Lessons for Public Policyp. 103
Reflectionsp. 117
Notesp. 127
Referencesp. 133
Indexp. 141
Table of Contents provided by Ingram. All Rights Reserved.

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