Income and Wealth Inequality

  • Nicholas Bloom
  • Raj Chetty
  • Emmanuel Saez

Leaders: Nicholas Bloom, Raj Chetty, Emmanuel Saez

The CPI is home to some of the country’s most influential analyses of the income and wealth distribution. The purpose of the Income and Wealth RG is to monitor the ongoing takeoff in income inequality, to better understand its sources, and to analyze its implications for labor market performance, educational attainment, mobility, and more. The following is a sampling of the CPI’s research projects within this area.

Trends in income and wealth inequality: What are the key trends in U.S. income and wealth inequality? The U.S. increasingly looks to Emmanuel Saez and his research team for the latest data on U.S. economic inequality.

Distributional National Accounts: In an ambitious infrastructural project, Emmanuel Saez and his team are building a “Distributional National Accounts” based on tax returns, a data set that will eliminate the current gap between (a) national accounts data based on economic aggregates and (b) inequality analysis that uses micro-level tax data to examine the distribution of income but is not consistent with national aggregates. This new data set will in turn make it possible to evaluate the extent to which economic growth, which has long been represented as a preferred poverty-reduction approach, is indeed delivering on that objective.

The rise of between-firm inequality: How much of the rise in earnings inequality can be attributed to increasing between-firm dispersion in the average wages they pay? This question can be addressed by constructing a matched employer-employee data set for the United States using administrative records.

Rent and inequality: It is increasingly fashionable to argue that “rent” accounts for much of the takeoff in income inequality. The Current Population Survey can be used to assess whether this claim is on the mark. 

Income And Wealth - CPI Research

Title Author Media
Who Rules America? G. William Domhoff

Who Rules America?

Author: G. William Domhoff
Publisher: McGraw-Hill Education
Date:
When Affirmative Action Was White Ira Katznelson

When Affirmative Action Was White

Author: Ira Katznelson
Publisher: W.W. Norton & Company
Date:
Real Inequality in Western Europe since 1500 Philip T. Hoffman, David Jacks, Patricia Levin,...

Real Inequality in Western Europe since 1500

Author: Philip T. Hoffman, David Jacks, Patricia Levin,...
Publisher: Journal of Economic History
Date:
Earnings Losses of Displaced Workers Jacobson, Louis S., Robert J. Lalonde and Daniel...

Earnings Losses of Displaced Workers

Author: Jacobson, Louis S., Robert J. Lalonde and Daniel...
Publisher: American Economic Review
Date:
Egalitarian Societies Woodburn, James.

Egalitarian Societies

Author: Woodburn, James.
Publisher:
Date:

income and wealth - CPI Affiliates

Anthony Giddens's picture Anthony Giddens Life Fellow of King's College; Professor Lord (Emeritus); Director, Center for the Study of Global Governance
London School of Economics and Political Science
Robert Erikson's picture Robert Erikson Professor, Institute for Social Research
Stockholm University

Pages

Income And Wealth - Other Research

Title Author Media
Money, Morals, and Manners: The Culture of the French and the American Upper-Middle Class Michele Lamont

Money, Morals, and Manners: The Culture of the French and the American Upper-Middle Class

Author: Michele Lamont
Publisher: The University of Chicago Press
Date:
Class, Status, and Power: Social Stratification in Comparative Perspective Reinhard Bendix, Seymour Martin Lipset

Class, Status, and Power: Social Stratification in Comparative Perspective

Author: Reinhard Bendix, Seymour Martin Lipset
Publisher: Routledge & Kegan Paul
Date:
A Theory of Ethnic Antagonism: The Split Labor Market Edna Bonacich

A Theory of Ethnic Antagonism: The Split Labor Market

Author: Edna Bonacich
Publisher:
Date:

An important source of antagonism between ethnic groups is hypothesized to be a split labor market, i.e. one in which there is a large differential in price of labor for the same occupation. The price of labor is not a response to race or ethnicity of those entering the labor market. A price differential results from differences in resources and motives which are often correlates of ethnicity. A split labor market produces a three-way conflict between business and the two labor groups, with business seeking to displace higher paid by cheaper labor. Ethnic antagonism can take two forms: exclusion movements and "caste" systems. Both are seen as victories for higher paid labor since they prevent undercutting.

Life Course Risks, Mobility Regimes, and Mobility Consequences: A Comparison of Sweden, Germany, and the U.S. Thomas A. DiPrete

Life Course Risks, Mobility Regimes, and Mobility Consequences: A Comparison of Sweden, Germany, and the U.S.

Author: Thomas A. DiPrete
Publisher: American Journal of Sociology
Date:
Inequality and Growth Benabou, Roland

Inequality and Growth

Author: Benabou, Roland
Publisher: NBER Macroeconomics Annual
Date:

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