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Title:Estimating trends in US income inequality using the current population survey: the importance of controlling for censoring PDF Logo
Authors:Burkhauser, Richard V.
Feng, Shuaizhang
Jenkins, Stephen P.
Larrimore, Jeff
Issue Date:2008
Series/Report no.:IZA discussion papers 3690
Abstract:Using internal and public use March Current Population Survey data, we analyze trends in US income inequality (19752004). Using a multiple imputation approach where values for censored observations are imputed using draws from a Generalized Beta distribution of the Second Kind, we find that the upward trend in income inequality significantly slowed after 1993. Our results closely match the income share trends reported by Piketty and Saez (2003) except for within the top 1 percent of the distribution. Thus, we argue that if inequality has increased substantially since 1993, such increases are confined to this very high income group.
Subjects:US income inequality
time trend
CPS
censoring
topcoding
inequality
JEL:D31
Persistent Identifier of the first edition:urn:nbn:de:101:1-2008100913
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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