ECON 386 The Economics of Inequality (Not offered 1998-99)

Between 1968 and 1994, inequality in the U.S. increased 22 percent-more than wiping out the 7 percent improvement which had occurred in the 1950s and 60s. The U.S. currently has the largest standard deviation of earnings of any developed country, nearly double the combined average in those countries. Striking differences can be observed among groups defined by race, gender, age and education. Why? And what are the effects of such marked differences between the haves and the have nots in our society? Is there a relationship between inequality and crime, health, or rate of economic development in a society? And why is it that economists can still disagree among themselves about the extent of this problem? This course is intended as a "hands on" opportunity for economics majors to explore these issues in the literature and then use some of the large micro level data sets that describe individuals in the population over time. Students will learn to use software for data manipulation and analysis, and will define and conduct independent research topics using the data, working in close collaboration with the instructor. The course is particularly appropriate for students interested in developing their own research capabilities, whether in preparation for undertaking a senior honors thesis, in anticipation of graduate school, or simply with an eye on the job market. Requirements: One semester-long research project, with a final paper and oral presentation. Prerequisites: Economics 251 or 252, and 253 or 255 (253/55 may be concurrent). Enrollment limited to 20.

MACUNOVICH