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-tax post-transfer income during each of the past four recessions. What distinguishes the Great Recession is that drops in … employment rather than wage earnings drove income declines. In addition, taxes and transfers played a much greater role in … offsetting market income losses --a result largely missed in analyses that do not account for taxes and transfers. This is …
Persistent link: https://www.econbiz.de/10010951470
variances and cell means for all topcoded income values in the public-use version of these data. We then provide a procedure … imputing its topcoded income values. As an example of its value we show how our new procedure improves on existing imputation …
Persistent link: https://www.econbiz.de/10005720300
Using internal and public use March Current Population Survey (CPS) data, we analyze trends in US income inequality … (1975-2004). We find that the upward trend in income inequality prior to 1993 significantly slowed thereafter once we … the very top of the income distribution, we use a multiple imputation approach in which values for censored observations …
Persistent link: https://www.econbiz.de/10005777888
Although the vast majority of US research on trends in the inequality of family income is based on public-use March … largely be reconciled once one uses internal CPS data (which better captures the top of the income distribution than public …-use CPS data) and defines the income distribution in the same way. Using internal CPS data for 1967-2006, we closely match the …
Persistent link: https://www.econbiz.de/10005059075
Inconsistent censoring of top earnings in the public-use March Current Population Survey (CPS) is an important limitation in using it to measure labor earnings trends. Using less-censored internal CPS data, combined with Pareto estimates from it for internally censored observations, we create an...
Persistent link: https://www.econbiz.de/10010796551
Recent research on United States levels and trends in income inequality vary substantially in how they measure income …. Piketty and Saez (2003) examine market income of tax units based on IRS tax return data, DeNavas-Walt, Proctor, and Smith … (2012) and most CPS-based research uses pre-tax, post-transfer cash income of households, while the CBO (2012) uses both …
Persistent link: https://www.econbiz.de/10010796661