{"title":"Introduction and Summary","authors":"Diana Furchtgott-Roth","doi":"10.1093/oso/9780197518199.003.0001","DOIUrl":"https://doi.org/10.1093/oso/9780197518199.003.0001","url":null,"abstract":"Few topics are more certain to generate a lively debate among any group of individuals than the causes and consequences of income inequality. Economists are prone to similar, although more reasoned and empirically based, debates. This book is a curated collection of essays that explores a wide range of viewpoints about income inequality in the United States. Neither income nor income inequality is easily measured, and, consequently, economists have different views about what is the best measure. Economists also offer differing explanations for the sources of income inequality and its ultimate consequences, leading to opposing policy implications. Finally, focusing on the United States adds yet another layer of complexity. Americans have unusually high incomes and unusually high income inequality.","PeriodicalId":442553,"journal":{"name":"United States Income, Wealth, Consumption, and Inequality","volume":"32 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128680166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Income and Wealth Inequality","authors":"Emmanuel Saez","doi":"10.1093/oso/9780197518199.003.0003","DOIUrl":"https://doi.org/10.1093/oso/9780197518199.003.0003","url":null,"abstract":"According to the author of this chapter, the first job of economists is to enlighten the debate on income and wealth inequality by providing transparent measures that the broad public can understand. Once inequality is appropriately measured, we can then understand the drivers of inequality trends and the effects of public policy on inequality. Drawing on the author’s previously published works, this chapter presents evidence on US income and wealth inequality. It presents series for top income and wealth shares and for the distribution of economic growth by income groups. The author discusses the mechanisms behind the evolution of US income and wealth inequality from historical and comparative perspectives and analyzes the role of public policy and, in particular, taxation in the evolution of inequality.","PeriodicalId":442553,"journal":{"name":"United States Income, Wealth, Consumption, and Inequality","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121320510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}