Search Results

Title: Dynamics of the Inequality Process
Resulting in 1 citation.
1. Angle, John
Dynamics of the Inequality Process
Presented: Chicago, IL, American Sociological Association Annual Meetings, August 1999
Cohort(s): NLSY79
Publisher: American Sociological Association
Keyword(s): Educational Attainment; Income; Modeling; Social Influences; Wealth

Permission to reprint the abstract has not been received from the publisher.

The inequality process (IP) is a model of competition for wealth, derived from the surplus theory of social stratification. The IP models the stock concept of wealth to explain the flow concept of wealth, income. Here, derived are the IP dynamics of individual wealth conditioned on the IP parameter for education: (1) gains independent of the size of wealth; (2) losses proportional to the size of wealth; (3) a smaller proportion lost when a loss is incurred, the greater the IP analogue of education; & (4) mean gain equal to the size of loss only at the mean of wealth of those with the same parameter for level education. Year-to-year differences of individual wage & salary incomes in the 1990s in the 1979 panel of the National Longitudinal Survey of Youth show (A) year-to-year increases independent of the size of wage & salary income; (B) mean year-to-year decreases directly proportional to the size of wage & salary income; (C) for those with year-to-year decreases, a mean proportional decrease smaller for the more educated; & (D) mean year-to-year increase approximately equals mean loss at the mean wage & salary income of those with the same education. The IP hypotheses are confirmed empirically.
Bibliography Citation
Angle, John. "Dynamics of the Inequality Process." Presented: Chicago, IL, American Sociological Association Annual Meetings, August 1999.