Annotated Aibliography (Essay Sample)

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Annotated Bibliography
Bernasek, Anna. “Income Inequality, and its cost.” The New York Times, 25 June 2006. Web 4 August 2015.
The author states that income inequality has always been a part of the American economy; however, poverty continues to increase at an alarming rate. The author also describes the cause of income inequality such as the increase in total revenues for the wealthiest. According to the author, more than 40% of total revenues go to the richest population that include only 10% of the population. The author also states that the growing inequality leads to health problems and reduce workers efficiency. It also increases national spending on health thus affecting the economy negatively.
Cingano, Federico. "Trends in Income Inequality and its Impact on Economic Growth." OECD Social, Employment and Migration Working Papers, 163. Internet Resource.
The author describes the increasing differences in earnings between high and low class. The author also states that the rise in overall income inequality has had an adverse impact on economic performance and living standards of the people. The article also describes how econometric analysis prove that income inequality provides a negative impact on subsequent growth.
Raskin, Governor Sarah Bloom. "Aspects of Inequality in the Recent Business Cycle." Federal Reserve System, 18 April, 2013. Web. 4 August 2015.
The article involves the aspects of inequality in the business cycle as provided by Governor Sarah Bloom. The author states that the bank policies play a role in reducing the unemployment and economic marginalization that as well as income inequality. The author also states that the excessive inequality undermines the American ideals and values as well as the country’s economic strength.
Stiglitz, Joseph E. The Price of Inequality. New York, NY [etc.: Norton, 2012. Print.
The author provides a comprehensive counterargument to democratic neoliberalism theories. The book provides ways in which the current society endangers the future due to its division. Stiglitz describes how the need for power and rampant greed has affected the Am...