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Title: Trends and Sources of Income Inequality in the United States
Citation Type: Journal Article
Publication Year: 2013
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Abstract: This paper uses data from the U.S. Current Population Survey (CPS) to review the trends of income inequality in the U.S. and to measure what role the different income sources play in explaining the variations in income inequality. This study shows that from 1994 to 2012, income inequality in total income rose significantly in the United States. This increase is explained by an increase in inequality for earned income, financial income, transfer income, and other incomes. The only income source for which the Gini coefficient fell is the retirement income. In addition, this study finds that earned income is the most important component explaining the observed increase in income inequality in the United States.
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Authors: Kim, Jongsung; Tebaldi, Edinaldo
Periodical (Full): The Journal of Business and Economic Studies
Issue: 2
Volume: 19
Pages: 1-13, 79-80
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
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