The Critical Significance of Middle Class America for a Collective U.S. Prosperity and Socioeconomic Sustainability

作     者：Reza G. Hamzaee Lexy Hicks Micah Burrow 

作者机构：Missouri Westem State University Missouri USA 

出 版 物：《Management Studies》 (管理研究（英文版）)

年 卷 期：2017年第5卷第5期

页      面：394-407页

学科分类：02[经济学] 

主　　题：socio-economic policy middle class income inequality human development 

摘      要：The shrinking size of middle class in the U.S. has motivated this research work. The focus of this research has been on sustainability of society through middle-class promoting public policy. We have estimated three various regression equations to test the significance of several socio-economic variables on what would define some desirable indices of healthier nations such as mean years of schooling, human development, and quality of life. Quality of life in certain countries such as Norway, Denmark, etc., is highlighted as best, compared to many other nations of the world. We have introduced a better measure of quality of life and estimated the empirical impacts of some explanatory variables, such as healthcare, property price to income ratio, and pollution on that index of life quality. An implication of this study for public policy would be revealed in clear needs for reducing pollution, more income creating innovative objectives, while healthcare accessibility and the corresponding costs to citizens must be brought down.