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The Price of Everything - Eduardo Porter [133]

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Thomas Piketty, and Emmanuel Saez, “Top Incomes in the Long Run of History,” NBER working paper, October 2009. Analysis on the impact of inequality on economic growth draws from Dan Andrews, Christopher Jencks, and Andrew Leigh, “Do Rising Top Incomes Lift All Boats?,” Harvard University John F. Kennedy School of Management Working Paper, 2009. Data on economic growth per person in the United States is from the International Monetary Fund (http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?pr.x=37&pr.y=12&sy=1980&ey=2015&scsm=1&ssd=1&sort=country&ds=.&br=1&c=111&s=NGDPRPC%2CNGDPPC&grp=0&a=, accessed 08/09/2010). International comparisons of inequality are found in Organisation for Economic Co-operation and Development, Growing Unequal? Income Distribution and Poverty in OECD Countries (OECD Publishing, October 2008), pp. 77-92. Data on the impact of income inequality on health and segregation are drawn from Richard Wilkinson and Kate Pickett, The Spirit Level: Why More Equal Societies Almost Always Do Better (New York: Bloomsbury Press, 2010); and Joseph Gyourko, Christopher Mayer, and Todd Sinai, “Superstar Cities,” NBER Working Paper, July 2006.

125-127 The Vanishing Middle: The discussion of the impact of education on income growth draws from Claudia Goldin and Lawrence Katz, The Race Between Education and Technology (Cambridge, Mass.: Belknap Press of Harvard University Press, 2008); David Autor and David Dorn, “Inequality and Specialization: The Growth of Low-Skill Service Jobs in the United States,” NBER working paper, November 2008; Congressional Budget Office, “Changes in the Distribution of Workers’ Annual Earnings Between 1979 and 2007,” October 2009; Francine Blau, Marianne Ferber, and Anne Winkler, The Economics of Women, Men and Work, 5th edition (Upper Saddle River, N.J.: Pearson Prentice Hall, 2006); Bureau of Labor Statistics (www.bls.gov/news.release/wkyeng.t05.htm, accessed 08/08/2010); Census Bureau, “Income, Poverty, and Health Insurance Coverage in the United States,” 2008 (www.census.gov/prod/2009pubs/p60-236.pdf, accessed 08/09/2010); Bureau of Labor Statistics, “100 Years of U.S. Consumer Spending: Data for the Nation, New York City, and Boston,” May 2006 (www.bls.gov/opub/uscs/home.htm, accessed 08/09/2010); and Bureau of Labor Statistics (www.bls.gov/bls/wages.htm, accessed 08/08/2010).

127-129 A Banker’s Paradise: The narrative about financial deregulation and the rise of bankers’ pay draws from Thomas Philippon and Ariell Reshef, “Wages and Human Capital in the U.S. Financial Industry: 1909-2006,” NBER working paper, January 2009. The data on banks’ share of corporate profits comes from the Bureau of Economic Analysis, NIPA Tabes No. 6.16A-D (www.bea.gov/national/nipaweb/Index.asp, accessed 08/09/2010). The data on university graduates taking jobs in finance comes from Claudia Goldin and Lawrence F. Katz, “Transitions: Career and Family Lifecycles of the Educational Elite,” American Economic Association Papers and Proceedings, May 2008, pp. 363- 366; and Princeton University, Office of Career Services, Class of 2008 Career Survey Report.

130-133 The Price of Free: The discussion about the success of Radiohead’s In Rainbows draws from Billboard (www.billboard.com/#/); and Daniel Kreps, “Radiohead Publishers Reveal ‘In Rainbows’ Numbers,” Rolling Stone, October 15, 2008. Analysis about the value of viewers’ attention to broadcast television is drawn from Eduardo Porter, “Television Is Not Free and Does Not Want to Be,” New York Times, March 8, 2010; and Ernest Miller, “Top Ten New Copyright Crimes,” Lawmeme, May 2, 2002 (lawmeme.research.yale.edu/modules.php?na me=News&file=article&sid=198, accessed 07/18/2010).

133-137 The Allure of the Free: The origin of the “no free lunch” saying is taken from William Safire, “On Language: Words Out in the Cold,” New York Times, February 14, 1993. The psychological impact of receiving something for free comes from David Adam Friedman, “Free Offers: A New Look,” New Mexico Law Review, Vol. 38, Winter 2008, pp. 49-94; Kristina

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