Levels and Trends in U.S. Income and its Distribution: A Crosswalk from Market Income towards a Comprehensive Haig-Simons Income Approach.

Recent research on U.S. levels and trends in income inequality varies substantially based on how these studies measure income. We crosswalk (move between standards) from a market income of tax units to a more comprehensive measure of income including realized capital gains of households using a unif...

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Publicado en:Southern Economic Journal Vol. 81; no. 2; pp. 271 - 294
Autores principales: Armour, Philip, Burkhauser, Richard V., Larrimore, Jeff
Formato: Artículo
Publicado: Wiley-Blackwell Oct2014
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Levels and Trends in U.S. Income and its Distribution: A Crosswalk from Market Income towards a Comprehensive Haig-Simons Income Approach.
      aug:
        au:
          Armour, Philip
          Burkhauser, Richard V.
          Larrimore, Jeff
        affil:
          Cornell University
          University of Melbourne, Department of Policy Analysis and Management, 259 MVR Hall, Cornell University, Ithaca, NY 14853, USA
          Federal Reserve Board, 20th and Constitution Avenue, Washington, DC 20551, USA
      su:
        United States
        United States. Internal Revenue Service
        Income inequality
        Taxation
        Capital gains
        Tax returns
      sug:
        subj:
          Income inequality
          Taxation
          United States
          United States. Internal Revenue Service
          Public Finance Activities
          Capital gains
          Tax returns
      ab: Recent research on U.S. levels and trends in income inequality varies substantially based on how these studies measure income. We crosswalk (move between standards) from a market income of tax units to a more comprehensive measure of income including realized capital gains of households using a unified data set and replicate common findings in the literature. By using a comprehensive income definition in the spirit of Haig-Simons, considering yearly accrued capital gains rather than focusing on the delayed reporting of capital gains that appear in Internal Revenue Service tax return data, the observed growth in income inequality and top income shares since 1989 is dramatically reduced.
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      src: R
    language: English
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