%0 Report %A Ritzen, Jo %A Zimmermann, Klaus F. %T Fading Hope in the US %D 2012 %8 2012 Feb %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 6340 %U https://www.iza.org/publications/dp6340 %X 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. %K confidence %K ethnicity %K hope %K human capital %K income inequality