The authors provide an interesting account of comparing European countries with the US regarding income inequality and mobility based on redistribution policies, politics, abs perceptions. The data is outdated now but they provide an important point that institutions matter, as do perceptions which support those institutions. I’d like to see the book updated to reflect the fiscal and regulatory changes in America to see how these have changed the comparison between Europe and America. Check it out for yourself.
3.5 stars. Clear arguments, plenty of supporting evidence, and an interesting thesis. The historical and political arguments are a bit hard to take seriously, since they are outside of the authors' economic backgrounds, but generally this book is easily readable and would be useful for research or if you're looking for an academic book about why the United States didn't develop a strong welfare state.