Gornick, Janet C.; Milanović, Branko; Johnson, Nathaniel - 2017 - First draft, February 14, 2017
The US has exceptionally high inequality of disposable household income (i.e., income after accounting for taxes and transfers). Among working-age households (those with no persons over age 60), that high level of inequality is caused by a high level of market income inequality (i.e., income...