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
The Programmatic Emergence of the Social Security State Alexander Hicks, Joya Misra, and Tang Nah Ng

The Programmatic Emergence of the Social Security State

Author: Alexander Hicks, Joya Misra, and Tang Nah Ng
Publisher: American Sociological Review
Date:
Preparing for Power: America’s Elite Boarding Schools Cookson, Jr., Peter W. and Caroline Hodges Persell

Preparing for Power: America’s Elite Boarding Schools

Author: Cookson, Jr., Peter W. and Caroline Hodges Persell
Publisher: Basic Books
Date:
Power and Privilege: A Theory of Social Stratification Lenski, Gerhard E.

Power and Privilege: A Theory of Social Stratification

Author: Lenski, Gerhard E.
Publisher: McGraw-Hill Press
Date:
The Affluent Society John Kenneth Galbraith

The Affluent Society

Author: John Kenneth Galbraith
Publisher: Houghton Mifflin Company
Date:
Technical Change, Inequality, and the Labor Market Daron Acemoglu

Technical Change, Inequality, and the Labor Market

Author: Daron Acemoglu
Publisher: Journal of Economic Literature
Date:

Income And Wealth - Other Research

Title Author Media
Losers and Winners: The Financial Consequences of Separation and Divorce for Men Patricia A. McManus and Thomas A. DiPrete

Losers and Winners: The Financial Consequences of Separation and Divorce for Men

Author: Patricia A. McManus and Thomas A. DiPrete
Publisher: American Sociological Review
Date:
Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income Ian L. Dew-Becker and Robert J. Gordon

Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income

Author: Ian L. Dew-Becker and Robert J. Gordon
Publisher: National Bureau of Economic Research
Date:
Differences and Changes in Wage Structures

Differences and Changes in Wage Structures

Author:
Publisher: University of Chicago Press
Date:
Welfare Regimes, Family-Supportive Policies, and Women’s Employment along the Life-Course Stier, Haya Stier, Noah Lewin-Epstein and Michael...

Welfare Regimes, Family-Supportive Policies, and Women’s Employment along the Life-Course

Author: Stier, Haya Stier, Noah Lewin-Epstein and Michael...
Publisher: American Journal of Sociology
Date:
Classification in Art DiMaggio, Paul

Classification in Art

Author: DiMaggio, Paul
Publisher: American Sociological Review
Date:

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