Income Polarization in the United States /

Income Polarization in the United States /

The paper uses a combination of micro-level datasets to document the rise of income polarization-what some have referred to as the 'hollowing out' of the income distribution-in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather t...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Alichi, Ali
Rannpháirtithe: Kantenga, Kory, Sole, Juan
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2016.
Sraith:IMF Working Papers; Working Paper ; No. 2016/121
Rochtain ar líne:Full text available on IMF
LEADER 02106cas a2200265 a 4500
001 AALejournalIMF016905
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475522501 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Alichi, Ali. 
245 1 0 |a Income Polarization in the United States /  |c Ali Alichi, Kory Kantenga, Juan Sole. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper uses a combination of micro-level datasets to document the rise of income polarization-what some have referred to as the 'hollowing out' of the income distribution-in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather than down, the income ladder, since the turn of the current century, most of polarization has been towards lower incomes. This result is striking and in contrast with findings of other recent contributions. In addition, the paper finds evidence that, after conditioning on income and household characteristics, the marginal propensity to consume from permanent changes in income has somewhat fallen in recent years. We assess the potential impacts of these trends on private consumption. During 1998-2013, the rise in income polarization and lower marginal propensity to consume have suppressed the level of real consumption at the aggregate level, by about 3 1\2 percent-equivalent to more than one year of consumption. 
538 |a Mode of access: Internet 
700 1 |a Kantenga, Kory. 
700 1 |a Sole, Juan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/121 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/121/001.2016.issue-121-en.xml  |z IMF e-Library 

Míreanna comhchosúla