Thomas Piketty, Emmanuel Saez. Gabriel Zucman — Distributional National Accounts: Methods Too Estimates For The United States

This article combines tax, survey, together with national accounts information to gauge the distribution of national income inwards the U.S.A. since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution consistent amongst macroeconomic growth. We gauge the distribution of both pretax together with posttax income, making it possible to supply a comprehensive sentiment of how regime redistribution affects inequality. Average pretax existent national income per adult has increased 60% from 1980 to 2014, simply nosotros detect that it has stagnated for the bottom 50% of the distribution at almost $16,000 a year. The pretax income of the pump class—adults betwixt the median together with the 90th percentile—has grown 40% since 1980, faster than what taxation together with survey information suggest, due inwards item to the ascent of tax-exempt fringe benefits. Income has boomed at the top. The upsurge of peak incomes was offset a project income phenomenon simply has to a greater extent than oft than non been a uppercase income phenomenon since 2000. The regime has offset alone a pocket-size fraction of the increment inwards inequality. The reduction of the sex gap inwards net turn a profit has mitigated the increment inwards inequality amidst adults, simply the portion of women falls steeply every bit 1 moves upward the project income distribution, together with is alone 11% inwards the peak 0.1% inwards 2014. JEL Codes: E01, H2, H5, J3....

The Quarterly Journal of Economics May 2018
Distributional National Accounts: Methods together with Estimates for the United States

Thomas Piketty, Emmanuel Saez. Gabriel Zucman