What is driving wealth inequality in the United States of America? the role of productivity, taxation and skills

Ekkehard Ernst, Francois Langot, Rossana Merola and Fabien Tripier

Working Papers from HAL

Abstract: Out of four major structural changes affecting the US economy – namely a rising share of skilled workers, skill-biased technological change, decreasing progressiveness of taxation and productivity slowdown – we show that the decline in productivity growth not only is the main driver of the widening wealth disparities observed in the United States of America over the past few decades, but is also the only mechanism that can explain inequalities both within and between skill groups.

Date: 2024-02-26
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Working Paper: What is driving wealth inequality in the United States of America? the role of productivity, taxation and skills (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04477732

DOI: 10.54394/ahfp2990

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