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- W3125559095 abstract "A society in which everybody is the same at the same stage of the life-cycle will exhibit substantial income and wealth inequality. We use this idea to empirically quantify natural inequality – the share of observed inequality attributable to life-cycle profiles of income and wealth. We document that recent increases in inequality in the United States and other developed countries are both larger than observed rates would suggest, and represent a distinct change from the period 1960-1980. Extrapolating our measures forward suggests that natural inequalities will fluctuate over the next 20 years before settling to a new higher level." @default.
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- W3125559095 date "2017-11-01" @default.
- W3125559095 modified "2023-09-25" @default.
- W3125559095 title "Inequality in an Equal Society" @default.
- W3125559095 hasPublicationYear "2017" @default.
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