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

Ekkehard Ernst, Langot, François,, Rossana Merola and Fabien Tripier

ILO Working Papers from International Labour Organization

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.

Keywords: wealth; economic disparity (search for similar items in EconPapers)
Pages: 1 online resource (36 p.) pages
Date: 2024
New Economics Papers: this item is included in nep-eff, nep-his, nep-pbe and nep-pub
References: Add references at CitEc
Citations:

Published in ILO working paper series

Downloads: (external link)
https://doi.org/10.54394/AHFP2990 (application/pdf)

Related works:
Working Paper: What is driving wealth inequality in the United States of America? the role of productivity, taxation and skills (2024)
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:ilo:ilowps:995353092902676

Access Statistics for this paper

More papers in ILO Working Papers from International Labour Organization Contact information at EDIRC.
Bibliographic data for series maintained by Vesa Sivunen ().