Inequality and Uncertainty


Book Description

It is not possible to ignore the fact that cities are not only moving, vibrant and flourishing spaces, promising hope for better quality of life, but that they also accumulate and reflect significant problems. This book explores the relational and dynamic nature of urban inequalities, including their visible and invisible forms. By using the rather elusive term of ‘uncertainty’, the authors zoom in on specific aspects of urban inequalities that are difficult to measure, yet are acutely sensed and experienced by people and, more and more often, perceived as unfair. Here, in the recognition of inequalities as unjust and in the disagreement with the status quo, lies a positive aspect of uncertainty, which can lead to a social awakening and more active citizenship.




Risk and Uncertainty Reduction by Using Algebraic Inequalities


Book Description

This book covers the application of algebraic inequalities for reliability improvement and for uncertainty and risk reduction. It equips readers with powerful domain-independent methods for reducing risk based on algebraic inequalities and demonstrates the significant benefits derived from the application for risk and uncertainty reduction. Algebraic inequalities: • Provide a powerful reliability improvement, risk and uncertainty reduction method that transcends engineering and can be applied in various domains of human activity • Present an effective tool for dealing with deep uncertainty related to key reliability-critical parameters of systems and processes • Permit meaningful interpretations which link abstract inequalities with the real world • Offer a tool for determining tight bounds for the variation of risk-critical parameters and complying the design with these bounds to avoid failure • Allow optimising designs and processes by minimising the deviation of critical output parameters from their specified values and maximising their performance This book is primarily for engineering professionals and academic researchers in virtually all existing engineering disciplines.




The Tolls of Uncertainty


Book Description

An indispensable investigation into the American unemployment system and the ways gender and class affect the lives of those looking for work Through the intimate stories of those seeking work, The Tolls of Uncertainty offers a startling look at the nation’s unemployment system—who it helps, who it hurts, and what, if anything, we can do to make it fair. Drawing on interviews with one hundred men and women who have lost jobs across Pennsylvania, Sarah Damaske examines the ways unemployment shapes families, finances, health, and the job hunt. Damaske demonstrates that commonly held views of unemployment are either incomplete or just plain wrong. Shaped by a person’s gender and class, unemployment generates new inequalities that cast uncertainties on the search for work and on life chances beyond the world of work, threatening opportunity in America. Following in depth the lives of four individuals over the course of their unemployment experiences, Damaske offers insights into how the unemployed perceive their relationship to work. She reveals the high levels of blame that women who have lost jobs place on themselves, leading them to put their families’ needs above their own, sacrifice their health, and take on more tasks inside the home. This “guilt gap” illustrates how unemployment all too often exacerbates existing differences between men and women. Class privilege, too, gives some an advantage, while leaving others at the mercy of an underfunded unemployment system. Middle-class men are generally able to create the time and space to search for good work, but many others are bogged down by the challenges of poverty-level unemployment benefits and family pressures and fall further behind. Timely and engaging, The Tolls of Uncertainty posits that a new path must be taken if the nation’s unemployed are to find real relief.




How to Fight Inequality


Book Description

Inequality is the crisis of our time. The growing gap between a few at the top and the rest of society damages us all. No longer able to deny the crisis, every government in the world is now pledged to fix it – and yet it keeps on getting worse. In this book, international anti-inequality campaigner Ben Phillips shows why winning the debate is not enough: we have to win the fight. Drawing on his insider experience, and his personal exchanges with the real-life heroes of successful movements, he shows how the battle against inequality has been won before, and he shares a practical plan for defeating inequality again. He sets a route map for us to overcome deference, build our collective power, and create a new story. Most books on inequality are about what other people ought to do about it – this book is about why winning the fight needs you. Tired of feeling helpless in the face of spiralling inequality? Want to know what you can do about it? This is the book for you.




The Financial Diaries


Book Description

Drawing on the groundbreaking U.S. Financial Diaries project (http://www.usfinancialdiaries.org/), which follows the lives of 235 low- and middle-income families as they navigate through a year, the authors challenge popular assumptions about how Americans earn, spend, borrow, and save-- and they identify the true causes of distress and inequality for many working Americans.




Risk, Uncertainty and Profit


Book Description

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.




Democracy, Inequality, and Representation in Comparative Perspective


Book Description

The gap between the richest and poorest Americans has grown steadily over the last thirty years, and economic inequality is on the rise in many other industrialized democracies as well. But the magnitude and pace of the increase differs dramatically across nations. A country's political system and its institutions play a critical role in determining levels of inequality in a society. Democracy, Inequality, and Representation argues that the reverse is also true—inequality itself shapes political systems and institutions in powerful and often overlooked ways. In Democracy, Inequality, and Representation, distinguished political scientists and economists use a set of international databases to examine the political causes and consequences of income inequality. The volume opens with an examination of how differing systems of political representation contribute to cross-national variations in levels of inequality. Torben Iverson and David Soskice calculate that taxes and income transfers help reduce the poverty rate in Sweden by over 80 percent, while the comparable figure for the United States is only 13 percent. Noting that traditional economic models fail to account for this striking discrepancy, the authors show how variations in electoral systems lead to very different outcomes. But political causes of disparity are only one part of the equation. The contributors also examine how inequality shapes the democratic process. Pablo Beramendi and Christopher Anderson show how disparity mutes political voices: at the individual level, citizens with the lowest incomes are the least likely to vote, while high levels of inequality in a society result in diminished electoral participation overall. Thomas Cusack, Iverson, and Philipp Rehm demonstrate that uncertainty in the economy changes voters' attitudes; the mere risk of losing one's job generates increased popular demand for income support policies almost as much as actual unemployment does. Ronald Rogowski and Duncan McRae illustrate how changes in levels of inequality can drive reforms in political institutions themselves. Increased demand for female labor participation during World War II led to greater equality between men and women, which in turn encouraged many European countries to extend voting rights to women for the first time. The contributors to this important new volume skillfully disentangle a series of complex relationships between economics and politics to show how inequality both shapes and is shaped by policy. Democracy, Inequality, and Representation provides deeply nuanced insight into why some democracies are able to curtail inequality—while others continue to witness a division that grows ever deeper.




Growing Inequality


Book Description

"This book begins the process of unraveling some of the most 'wicked' problems in public health." - Tony Iton, MD, JD, MPH-The California Endowment Growing evidence indicates that no single factor-but a system of intertwined causes-explains why America's health is poorer than the health of other wealthy countries and why health inequities persist despite our efforts. Teasing apart the relationships between these many causes to find solutions has proven extraordinarily difficult. But now researchers are uncovering groundbreaking insights using computer-based systems science tools to simulate how these determinants come together to produce levels of population health and disparities and test new solutions. The culmination of over five years of work by experts from a more than a dozen disciplines, this book represents a bold step forward in identifying why some populations are healthy and others are not. Describing a series of studies that apply the techniques of systems science, it shows how these tools can be used to increase our understanding of the individual, group, and institutional factors that generate a wide range of health and social problems. Most importantly, it demonstrates the utility and power of these techniques to both wisely guide our understanding and help policy makers know what works. ... an intellectually courageous undertaking. It faces up to the reality of complexity in the social determinants of health. Its achievements and its documentation of difficulties will serve as a valuable foundation for the next generation of scientists and scholars who aim to understand the determinants of health and of health disparities." - Harvey V. Fineberg, MD, PhD, President, Gordon and Betty Moore Foundation and Former President, the Institute of Medicine ...goes beyond the search for a simplistic answer to health disparities and instead embraces the complexity. This is exactly what is needed if we are to improve population health and eliminate disparities." - Thomas A. LaVeist, PhD, Chairman, Department of Health Policy & Management, Milken Institute School of Public Health, George Washington University It is increasingly likely that in the non-distant future that population health policy will be fully informed by a coherent computational decision-support system that integrates data, analytics, systems modeling, forecasting, and cost-effectiveness. This book marks a serious movement toward that future." - Donald S. Burke, MD, Associate Vice Chancellor for Global Health, Dean, Graduate School of Public Health UPMC, Jonas Salk Professor of Global Health, Graduate School of Public Health, University of Pittsburgh Recent review of Growing Inequality by Interdisciplinary Association of Population Health Science (IAPHS): https: //iaphs.org/book-review-complex-systems-population-health-insights-network-inequality-complexity-health/




Uncertainty and Unemployment


Book Description

We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a “wait-and-see” mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors.




Distributional Cost-Effectiveness Analysis


Book Description

Health inequalities blight lives, generate enormous costs, and exist everywhere. This book is the definitive all-in-one guide for anyone who wishes to learn about, commission, and use distributional cost-effectiveness analysis to promote both equity and efficiency in health and healthcare.