Report May 1997

Alicia H. Munnell, member of the Council of Economic Advisers, discusses Social Security, the Consumer Price Index, and income inequality in The Levy Report Interview.

Contents: Seventh Annual Conference on Financial Structure: Developments in the Financial System: National and International Perspectives * The Levy Report Interview: Alicia H. Munnell Discusses the Future of Social Security, the Consumer Price Index, and Income Inequality in America * Debates-Debates: European Monetary Union; Trade Sanctions and Human Rights * Seminar: Leonard Nakamura Raises Questions about the CPI * Editorial: On Bridges to the Twenty-first Century: Figuratively and Literally (David Alan Aschauer) * New Working Papers: Disinflationary Monetary Policy and the Distribution of Income * Gender Wage Differentials, Affirmative Action, and Employment Growth on the Industry Level * Real Estate and the Capital Gains Debate * No Easy Answers: Comparative Labor Market Problems in the United States versus Europe * Levy Institute News: Reconceiving Liberalism, a New Book by Resident Scholar Oren M. Levin-Waldman * Research on Alternative Plans for Financing Social Security * Distinguished Scholar Hyman P. Minsky Remembered