Levels and Trends in U.S. Income and its Distribution: A Crosswalk from Market Income towards a Comprehensive Haig-Simons Income Approach

被引：16
|
作者：
Armour, Philip [1 ]
Burkhauser, Richard V. [2 ,3 ]
Larrimore, Jeff [4 ]
机构：
[1] Cornell Univ, Dept Econ, Ithaca, NY 14853 USA
[2] Cornell Univ, Ithaca, NY 14853 USA
[3] Cornell Univ, Univ Melbourne, Dept Policy Anal & Management, Ithaca, NY 14853 USA
[4] Fed Reserve Board, Washington, DC 20551 USA
来源：
SOUTHERN ECONOMIC JOURNAL | 2014年 / 81卷 / 02期
关键词：
UNITED-STATES; EARNINGS; INEQUALITY; WEALTH;
D O I：
10.4284/0038-4038-2013.175
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Recent research on U.S. levels and trends in income inequality varies substantially based on how these studies measure income. We crosswalk (move between standards) from a market income of tax units to a more comprehensive measure of income including realized capital gains of households using a unified data set and replicate common findings in the literature. By using a comprehensive income definition in the spirit of Haig-Simons, considering yearly accrued capital gains rather than focusing on the delayed reporting of capital gains that appear in Internal Revenue Service tax return data, the observed growth in income inequality and top income shares since 1989 is dramatically reduced.
引用
收藏
页码：271 / 293
页数：23
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