Income and Wealth

Unpublished

Unpublished

Millionaire Migration and Taxation of the Elite: Evidence from Administrative Data

A growing number of U.S. states have adopted “millionaire taxes” on top income-earners. This increases the progressivity of state tax systems, but it raises concerns about tax flight: elites migrating from high-tax to low-tax states, draining state revenues, and undermining redistributive social policies. Are top income-earners “transitory millionaires” searching for lower-tax places to live? Or are they “embedded elites” who are reluctant to migrate away from places where they have been highly successful?

The Association Between Income and Life Expectancy in the United States, 2001-2014

In the United States between 2001 and 2014, higher income was associated with greater longevity, and differences in life expectancy across income groups increased over time. However, the association between life expectancy and income varied substantially across areas; differences in longevity across income groups decreased in some areas and increased in others. The differences in life expectancy were correlated with health behaviors and local area characteristics.

State of the Union 2016: Income Inequality

How does the U.S. stack up against peer countries in terms of income inequality? CPI research scholar Jonathan Fisher addresses this question at our 2016 State of the Union conference. Read the full report.

 

State of the Union 2016: Income Inequality

When disposable-income inequality is measured across 20–35 years of survey data, the consistent result is that the U.S. has the highest level of disposable-income inequality among rich countries. Some countries have experienced periods of falling, as well as rising, inequality over the last three decades. The simple, but important, conclusion to draw is that rising income inequality is not inevitable. Policy and markets can both make a difference.

Private Financial Transfers, the Great Recession, and Family Context

Using longitudinal data from the Fragile Families and Child Wellbeing Study (N=4,701), we studied private financial transfers (PFTs) among mothers with young children during the Great Recession. We explored whether the unemployment rate was associated with PFTs received and whether family income and family structure moderated this association.

Wealth Levels, Wealth Inequality, and the Great Recession

This research brief assesses two questions about the extent to which the Great Recession altered the level and distribution of wealth through 2013--the most recent year of data available on wealth held by American families. 1. By how much did wealth levels decline during the Great Recession, and by how much did they recover through 2013? 2. Did wealth inequality increase, decrease, or remain steady during the Great Recession?

Less Than Equal: Racial Disparities in Wealth Accumulation

When it comes to economic gaps between whites and communities of color in the United States, income inequality tells part of the story. But let's not forget about wealth. Wealth isn't just money in the bank, it's insurance against tough times, tuition to get a better education and a better job, savings to retire on, and a springboard into the middle class. In short, wealth translates into opportunity.

Lost Generations? Wealth Among Young Americans

Despite the Great Recession and the fragile economic recovery, the wealth of Americans has grown significantly when a longer-term view is considered. Average household wealth approximately doubled from 1983 to 2010, and average incomes rose similarly. For many, the American dream of working hard, saving more, and becoming wealthier than one's parents holds true.

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