Studies of wage and income inequality among U.S. citizens over the past thirty years have engendered the common wisdom that the rich are getting richer and the poor are getting poorer. But is it really that simple? In Inequality in Living Standards since 1980 the authors contend…
"Studies of wage and income inequality among U.S. citizens over the past thirty years have engendered the common wisdom that the rich are getting richer and the poor are getting poorer. But is it really that simple? The authors contend that the evolution of income and wage inequ…
"Inequality in Living Standards since 1980: Income Tells Only a Small Part of the Story finds that income-poor households do not always coincide with consumption-poor households--income-poor households often report spending considerably higher than their income level. Income and…