Publication type
Journal Article
Authors
Publication date
May 15, 2012
Summary:
Although most U.S. income inequality research is based on public use March CPS data, a new wave of research using IRS tax return data reports substantially faster inequality growth for recent years. We show that these apparently inconsistent estimates are largely reconciled when the income distribution and inequality are defined the same way. Using internal CPS data for 1967 to 2006, we show that CPS-based estimates of top income shares are similar to IRS data-based estimates reported by Piketty and Saez (2003). Our results imply that income inequality changes since 1993 are largely driven by changes in incomes of the top 1%.
Published in
Review of Economics and Statistics
Volume and page numbers
Volume: 94 , p.371 -388
DOI
http://dx.doi.org/10.1162/REST_a_00200
ISSN
346535
Subject
Notes
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
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