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Inequality and Household Economic Hardship in the United States of America

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  • Heather Boushey
  • Christian E. Weller

Abstract

Income inequality in the United States of America has increased over the past few decades. Along with this development, employee compensation as a share of national income has tended to decline, the profit share of national income has grown, and inequality within labour has risen. There is no empirical support for the argument that greater inequality has resulted in faster productivity growth, but there is some indication that rising inequality has been connected to slower demand growth. Increased access to credit may have temporarily muted the implications of greater income inequality.

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File URL: http://www.un.org/esa/desa/papers/2006/wp18_2006.pdf
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Bibliographic Info

Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 18.

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Length: 28 pages
Date of creation: Apr 2006
Date of revision:
Handle: RePEc:une:wpaper:18

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Keywords: wage inequality; income inequality;

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Citations

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Cited by:
  1. Christian A. Belabed & Thomas Theobald & Till van Treeck, 2013. "Income Distribution and Current Account Imbalances," IMK Working Paper 126-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  2. Jakob Kapeller & Bernhard Schütz, 2012. "Debt, Boom, Bust: A Theory of Minsky-Veblen Cycles," Economics working papers 2012-14, Department of Economics, Johannes Kepler University Linz, Austria.
  3. Olivier Giovannoni, 2014. "What Do We Know About the Labor Share and the Profit Share? Part III: Measures and Structural Factors," Economics Working Paper Archive wp_805, Levy Economics Institute.
  4. Till van Treeck, 2012. "Did inequality cause the U.S. financial crisis?," IMK Working Paper 91-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  5. Jan Behringer & Till van Treeck, 2013. "Income distribution and current account: A sectoral perspective," IMK Working Paper 125-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  6. Jakob Kapeller & Bernhard Schütz, 2012. "Conspicuous consumption, inequality and debt: The nature of consumption-driven profit-led regimes," Economics working papers 2012-13, Department of Economics, Johannes Kepler University Linz, Austria.
  7. Jakob Kapeller & Bernhard Schütz, 2013. "Exploring Pluralist Economics: The Case of the Minsky-Veblen Cycles," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 47(2), pages 515-524, June.

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