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Article: Gambling and income inequality in the states.
- Article from:
- Policy Studies Journal
- Article date:
- May 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Policy Studies Organization. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction
After years of rising incomes and falling income inequality following the Second World War, income disparities began to increase in the early 1970s. Since that time, well-to-do Americans have grown significantly wealthier while those in the middle-class have realized only marginal increases in wealth (Smith, 2001). This pattern is also manifest in income levels (Dandier & Gottschalk, 1995). The poorest segments of the population have experienced a decline in real income (see Danziger & Gottschalk, 1995, p. 53).
Explanations for the growth in income inequality have focused on two primary factors: (i) structural economic changes; and (ii) ...