Is the Distribution of Income Shifting Away from Workers?
AbstractA popular and highly politicized theme today is that US workers are falling behind as their real wages fall and income gets redistributed to the rich. The Hamilton Project at the Brookings Institution, led by Robert Rubin, Lawrence Summers and Roger Altman, is dedicated to the study of this problem. The development of a wealth gap, shown by a decline in worker compensation relative to household wealth, has caught the attention of many critics because it suggests that workers are falling behind compared with those with income from capital. This inference is questioned here.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17778.
Date of creation: 28 Feb 2007
Date of revision:
Publication status: Published in Research Buzz 2.3(2007): pp. 1-3
Inequality; real wages; income distribution;
Find related papers by JEL classification:
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- D3 - Microeconomics - - Distribution
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- Ben S. Bernanke, 2007. "The level and distribution of economic well-being," Speech 256, Board of Governors of the Federal Reserve System (U.S.).
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