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 …

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 consider a setting in which insiders have information about income that outside shareholders do not, but property … rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent … with outsiders' expectations based on publicly available information rather than true income, resulting in an observed …

white, male, and come from higher-income families, the incorporated—as teenagers—typically scored higher on learning …

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 …