Income and Wealth Inequality in America, 1949-2016

From the Opportunity and Inclusive Growth Institute of the Federal Reserve Bank of Minneapolis

By Moritz Kuhn, University of Bonn, CEPR, and IZA; Moritz Schularick, University of Bonn and CEPR; and Ulrike I. Steins, University of Bonn.

We live in unequal times. The causes and consequences of widening disparities in income and wealth have become a defining debate of our age. Recent studies have made major inroads into documenting trends in either income or wealth inequality in the United States – Piketty and Saez (2003), Kopczuk, Saez, and Song (2010), Saez and Zucman (2016) – but we still know little about how the joint distributions of income and wealth evolved over the long run.

This paper fills the gap. The backbone of this study is a newly compiled dataset that builds on household-level information and spans the entire U.S. population over seven decades of postwar American history.

Continue reading the study…

About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Feltman founded the U.S. and European Conflict Indexes in 1988. The indexes have predicted the winner of every U.S. presidential election beginning in 1988, plus the outcome of several European elections. In May of 2010, the Conflict Index was used by university students in Egypt. The Index predicted the fall of the Mubarak government within the next year.
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