@TechReport{iza:izadps:dp6340, author={Ritzen, Jo and Zimmermann, Klaus F.}, title={Fading Hope in the US}, year={2012}, month={Feb}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={6340}, url={https://www.iza.org/publications/dp6340}, abstract={A substantial literature claims that the strong increase in inequality over the last decade in countries such as the US would lead to a collapse of society. Fading hopes in the population seem to confirm this. The paper rejects this interpretation since the decline in hopes cannot be traced back to rising inequality.}, keywords={confidence;ethnicity;hope;human capital;income inequality}, }