We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in … their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of … those in the top 1 percent of the income distribution have averaged 14 times average income and been 2.4 times more cyclical …

Recent research has documented that income inequality in the United States has increased dramatically over the prior … three decades. There has been less of a consensus, however, on whether the increase in income inequality was matched by an … Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different …

disability and its association with a wide range of outcomes, including earnings, income, and consumption. We then employ some of … decline in after-tax income, a 24 percent decline in food and housing consumption and a 22 percent decline in food consumption …

Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer … earnings, to disposable income, and, ultimately, to consumption and wealth. We document a continuous and sizable increase in … before 1982, but mitigate its increase thereafter. Taxes and transfers compress the level of income inequality, especially at …

This paper summarizes the main findings of a recent literature that has constructed top income shares time series over … the long-run for more than 20 countries using income tax statistics. Top incomes represent a small share of the population … but a very significant share of total income and total taxes paid. Hence, aggregate economic growth per capita and Gini …

We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of … represent a substantial portion of the top income groups, they miss a large number of high-earning individuals. We conclude by …

We study quot;habituationquot; to income and to status using individual panel data on the happiness of 7,812 people … income and status and compare the long run effects. We can (cannot) reject the hypothesis of no adaptation to income (status …) during the four years following an income (status) change. In the short-run (current year) a one standard deviation increase …

We revisit recent empirical evidence about the rise in top income inequality in the United States, drawing attention to … to inform researchers, policy makers, and journalists who are interested in top income inequality …

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 …