This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This contributed to the well-known increase in the top 1 percent's share of total income, exacerbating rising inequality in capital incomes and earnings. The paper shows that the trend in the association is U-shaped, as the recent increase contrasts with a tendency toward a weakening association until the 1980s. The paper uses...
انظر المزيد
تفاصيل
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2017/12/11
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ورقة عمل خاصة ببحوث السياسات
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WPS8268
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1
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1
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2017/12/11
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Disclosed
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Capital and labor : the factor income composition of top incomes in the United States, 1962-2006
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capital income