EconPapers    
Economics at your fingertips  
 

Dimensions of inequality: facts on the U.S. distributions of earnings, income, and wealth

Javier Díaz-Giménez, Vincenzo Quadrini () and José-Víctor Ríos-Rull ()
Authors registered in the RePEc Author Service: José-Víctor Ríos-Rull

Quarterly Review, 1997, vol. 21, issue Spr, 3-21

Abstract: This article describes some facts about financial inequality in the United States that a good theory of inequality must be able to explain. These include the facts that labor earnings, income, and wealth are all unequally distributed among U.S. households, but the distributions are significantly different. Wealth is much more concentrated than the other two. Wealth is positively correlated with earnings and income, but not strongly. The movement of households up and down the economic scale is greater when measured by income than by earnings or wealth. Differences across the three variables remain when the data are disaggregated by age, employment status, educational level, and marital status of the heads of U.S. households. Each of these classifications also has significant differences across households. All the facts are based on data taken from the 1992 Survey of Consumer Finances and the 1984?85 and 1989?90 Panel Study of Income Dynamics.

Keywords: Income distribution; Wealth (search for similar items in EconPapers)
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (71) Track citations by RSS feed

Downloads: (external link)
http://www.minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=134 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden
http://www.minneapolisfed.org/research/QR/QR2121.pdf
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmqr:y:1997:i:spr:p:3-21:n:v.21no.2

Access Statistics for this article

More articles in Quarterly Review from Federal Reserve Bank of Minneapolis Contact information at EDIRC.
Bibliographic data for series maintained by Kate Hansel ().

 
Page updated 2023-05-30
Handle: RePEc:fip:fedmqr:y:1997:i:spr:p:3-21:n:v.21no.2