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slides_04b_overview of evidence.pdf

slides_04b_overview of evidence.pdf - Econ 473 Class 4...

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Econ 473 Class 4, continued Inequality: Recent developments
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Inequality: Recent Developments
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Outline Y d = Y - τ + T = wN + rA + π - τ + T Y d Disposable household income Y Pre-tax income τ Taxes T Transfers wN Labor income/earnings rA Capital income A Assets/wealth π Business income Overall income inequality depends on inequality in the components, which could be amplifying or offsetting.
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Outline Y d = Y - τ + T = wN + rA + π - τ + T Y d Disposable household income Y Pre-tax income τ Taxes T Transfers wN Labor income/earnings main component for most households rA Capital income A Assets/wealth π Business income Overall income inequality depends on inequality in the components, which could be amplifying or offsetting.
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Outline 1. A recent snapshot: [DGR] D´ ıaz-Gim´ enez, Glover and R´ ıos-Rull (2011), Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update, Federal Reserve Bank of Minneapolis Quarterly Review 34(1), February 2011, 2-31. (read) 2. The changes leading here:
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