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Anatomy of the US Income Distribution: Two Decades of Change

Author

Listed:
  • Karoly, L.A.

Abstract

Forty years ago, Simon Kuznets, in his presidential address to the American Economics Association, outlined his hypothesis that the process of economic development would first be accompanied by rising disparities in economic well-being, followed by a period when the distribution wouls be stable or eventually move toward greater equality. The distributional changes over the last two decades have been accompanied by a number of key demographic and economic developments.

Suggested Citation

  • Karoly, L.A., 1996. "Anatomy of the US Income Distribution: Two Decades of Change," Papers 96-07, RAND - Reprint Series.
    • Handle: RePEc:fth:randrs:96-07
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    Citations

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    Cited by:

    1. Rodriguez, Eunice, 1999. "Marginal employment and health in Germany and the United Kingdom: Does unstable employment predict health?," Discussion Papers, Research Unit: Labor Market Policy and Employment FS I 99-203, WZB Berlin Social Science Center.
    2. Manso, Enrique Palazuelos, 2006. "The influence of earnings on income distribution in the United States," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(4), pages 710-726, August.
    3. Burkhauser, Richard V. & Crews, Amy D. & Daly, Mary C., 1997. "Recounting winners and losers in the 1980s: A critique of income distribution measurement methodology," Economics Letters, Elsevier, vol. 54(1), pages 35-40, January.
    4. Robert G. Valletta, 1997. "The effects of industry employment shifts on U.S. wage structure, 1979-1995," Economic Review, Federal Reserve Bank of San Francisco, pages 16-32.
    5. Richard V. Burkhauser & Amy Crews Cutts & Mary C. Daly & Stephen P. Jenkins, 1999. "Testing the significance of income distribution changes over the 1980s business cycle: a cross‐national comparison," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(3), pages 253-272, May.
    6. Bresnahan, Timothy F, 1999. "Computerisation and Wage Dispersion: An Analytical Reinterpretation," Economic Journal, Royal Economic Society, vol. 109(456), pages 390-415, June.
    7. Steven Pressman, 2006. "The Decline of the Middle Class: An International Perspective," LIS Working papers 280, LIS Cross-National Data Center in Luxembourg.

    More about this item

    Keywords

    INCOME; ECONOMIC GROWTH; ECONOMIC DEVELOPMENT; INCOME DISTRIBUTION;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D39 - Microeconomics - - Distribution - - - Other
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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