What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this hypothesis using a large scale hierarchy model of the US...

Although there have been major globalisation episodes prior to the current one, previous globalisation experiences did not seem as pervasive as the episode which began in the last quarter of the twentieth century. It is claimed that the current globalisation wave is causing social disruption:...

Research on Economic Inequality, Volume 12 is the outgrowth of University of Alabama Poverty and Inequality conference, May 22-25, 2003. The motivation for the conference was to honor John P. Formby upon his retirement. The conference, funded by the University, was designed to bring together...