Income Inequality In The United States Piketty Saez
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Income inequality in the united states piketty saez. Top income and wages shares display a u shaped pattern over the century. Top income and wages shares display a u shaped pattern over the century. Nber working paper no. Income inequality in the united states 1913 1998 thomas piketty and emmanuel saez this paper presents new homogeneous series on top shares of income and wages from 1913 to 1998 in the united states using individual tax returns data.
Again piketty saez and zucman document a big boost in top end income inequality while auten and splinter show a much milder increase in the top 1 percent s share since 1979 or so. Our series suggest that the large shocks that capital owners experienced during the great depression and world war ii have had a permanent effect on top capital incomes. Top income and wages shares display a u shaped pattern over the century. Even in terms of income generated by work piketty notes the level of inequality in the united states is probably higher than in any other society at any time in the past anywhere in the.
Income inequality in the united states income inequality in the united states 1913 1998 series updated to 2000 available thomas piketty emmanuel saez. This paper presents new homogeneous series on top shares of income and wages from 1913 to 1998 in the united states using individual tax returns data.
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