Assignment #4

1. Explain the process responsible for hollowing out the middle

class in the U.S..
2. What are the different reasons for the ongoing process of
extreme concentration in the share of the total wealth owned by
the top 1% and even more so by the top 0.1%?
3. What may explain the differences across countries in the extent
of upward mobility?
4. What are the changes taking place in the American labour
market over the last few decades and why?