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top income shares and top wage income shares, using income tax statistics. We find that (1) income concentration was … employment income over the course of the 20th century. We attribute the precipitous fall in income concentration during WWII … to the sharp increase in wage income inequality observed in the United States since 1970, the top wage income shares in …
Persistent link: https://www.econbiz.de/10012466104
Recent studies argue that US inequality has increased less than previously thought, in particular due to a more modest rise of wealth and capital income at the top (Smith et al., 2019; Smith, Zidar and Zwick, 2020; Auten and Splinter, 2019). We examine the claims made in these papers point by point,...
Persistent link: https://www.econbiz.de/10012482141
these shocks. The evidence on wage inequality shows that top wage shares were flat before WWII and dropped precipitously … during the war. Top wage shares have started recovering from this shock since the 1960s-1970s and are now higher than before … WWII. We emphasize the role of social norms as a potential explanation for the pattern of wage shares. All the tables and …
Persistent link: https://www.econbiz.de/10012470251
This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...
Persistent link: https://www.econbiz.de/10012455735
We present new evidence on trends in intergenerational mobility in the U.S. using administrative earnings records. We find that percentile rank-based measures of intergenerational mobility have remained extremely stable for the 1971-1993 birth cohorts. For children born between 1971 and 1986, we...
Persistent link: https://www.econbiz.de/10012458819