This chapter argues income and wealth are two paramount gradational measures of social stratification. The chapter makes this case while reviewing recent social science on income and wealth. First, I begin by explaining how income and wealth are essential for purchasing well-being. Second, I...

This review explains how and why the U.S. has systemically high poverty. Descriptive evidence shows U.S. poverty is: (a) a huge share of the population; (b) a perennial outlier among rich democracies; (c) staggeringly high for certain groups; (d) surprisingly high for those who "play by the...

Prior scholarship is sharply divided on how or if globalization influences welfare states. Globalization's effects may be positive causing expansion, negative triggering crisis and reduction, curvilinear contributing to convergence, or insignificant. We bring new evidence to bear on this crucial...

Korpi and Palme's (1998) classic "The Paradox of Redistribution and Strategies of Equality" claims that universal social policy better reduces poverty than social policies targeted at the poor. This article revisits Korpi and Palme's classic, and in the process, explores and informs a set of...