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http://hdl.handle.net/10419/35875
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| Title: | | Recent trends in top income shares in the USA: reconciling estimates from march CPS and IRS tax return data  |
| Authors: | | Burkhauser, Richard V. Feng, Shuaizhang Jenkins, Stephen P. Larrimore, Jeff |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA Discussion Papers 4426 |
| Abstract: | | Although the majority of research on US income inequality trends is based on public-use March CPS data, a new wave of research using IRS tax return data reports substantially higher levels of inequality and faster growing trends. We show that these apparently inconsistent estimates are largely reconciled if the inequality measure and the income distribution are defined in the same way. Using internal CPS data for 1967-2006, we closely match IRS data-based estimates of top income shares reported by Piketty and Saez (2003). Our results imply that any inequality increases since 1993 are concentrated among the top 1 percent of the distribution. |
| Subjects: | | US income inequality top income shares March CPS IRS tax return data |
| JEL: | | D31 C81 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-200910141061 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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