Exam 8: The Middle Class

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The Inequality Stability Hypothesis states that the higher the social class, then the greater the benefit from income transfers such that the overall distribution of income:

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D

All of the following are characteristic of white collar jobs except:

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C

Inequality Reduction Hypothesis states that _________________, then the greater the benefit from income transfers and the lower the level of inequality from 1950-1970.

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C

Sick leave constitutes protection against income loss for short periods of physical incapacity and allows workers the chance to return to full productivity after becoming ill and avoids spreading disease to coworkers.

(True/False)
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The term __________ refers to people's way of living as indicated by their consumption habits, use of leisure time, and fundamental choices and values.

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Between 1950 and 1970, there was little change in the level of income inequality in the United States.

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The term _________________ refers to provisions of the tax code that provide special or selective reductions in taxes for certain groups of citizens and corporations.

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Each of the following are considered "top level" perquisites except:

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It appears that the job perquisite hypothesis accurately summarizes the relationship between social class and fringe benefits.

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Prior to industrialization, all societies can be divided into two main classes:

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The middle class arose over the course of the 19th century as the:

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The colonial stratification structure was unique in history because it was . . .

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Data for __________ show that the income distribution became more unequal as the bottom quintiles began receiving less income and the richest fifth (and top 5%) began receiving more.

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In colonial times the structure of stratification did not include a middle class.

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Compared to people in blue collar jobs, most people in white-collar jobs find that their work pays off, not only in pleasure and prestige, but monetarily as well.

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The emergence of the middle class led to today's traditional gender norms.

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The premise of supply side economic theory is that:

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The middle class has existed as a social class throughout history

(True/False)
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Employee job perquisites decrease the inequality resulting from class differences in income.

(True/False)
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Participation in employer paid long-term disability plans varies by _____________.

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