Inequality and Household Economic Hardship in the United States of America

Heather M. Boushey and Christian E. Weller ()

Working Papers from United Nations, Department of Economics and Social Affairs

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.

Keywords: wage inequality; income inequality (search for similar items in EconPapers)
JEL-codes: D63 J3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab
Date: 2006-04
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Persistent link: http://EconPapers.repec.org/RePEc:une:wpaper:18

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