Coverart for item
The Resource Income polarization in the United States, prepared by Ali Alichi, Kory Kantenga, Juan Solé

Income polarization in the United States, prepared by Ali Alichi, Kory Kantenga, Juan Solé

Label
Income polarization in the United States
Title
Income polarization in the United States
Statement of responsibility
prepared by Ali Alichi, Kory Kantenga, Juan Solé
Creator
Contributor
Author
Publisher
Sponsor
Subject
Genre
Language
eng
Summary
The paper uses a combination of micro-level datasets to document the rise of income polarization--what some have referred to as the "hollowing out" of the income distribution--in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather than down, the income ladder, since the turn of the current century, most of polarization has been towards lower incomes. This result is striking and in contrast with findings of other recent contributions. In addition, the paper finds evidence that, after conditioning on income and household characteristics, the marginal propensity to consume from permanent changes in income has somewhat fallen in recent years. We assess the potential impacts of these trends on private consumption. During 1998-2013, the rise in income polarization and lower marginal propensity to consume have suppressed the level of real consumption at the aggregate level, by about 31⁄2 percent--equivalent to more than one year of consumption
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Alichi, Ali
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 16/121 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Katenga, Kory
  • Solé, Juan
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/16/121
http://library.link/vocab/subjectName
  • Income distribution
  • Polarization (Social sciences)
  • Distribution (Economic theory)
  • Distribution (Economic theory)
  • Income distribution
  • Polarization (Social sciences)
  • United States
Label
Income polarization in the United States, prepared by Ali Alichi, Kory Kantenga, Juan Solé
Instantiates
Publication
Copyright
Note
  • "June 2016."
  • At head of title: Western Hemisphere Department
Bibliography note
Includes bibliographical references (pages 24-26)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; ABSTRACT; I. INTRODUCTION; A. Rising income polarization; B. Income polarization for different demographic groups; C. Combined trends of polarization and inequality; D. Why are our polarization trends materially different from other contributions'?; E. Advantages of our work over prior studies; F. Consequences of rising polarization; II. AN INDEX OF INCOME POLARIZATION; III. THE DATA; IV. POLARIZATION VERSUS INEQUALITY TRENDS IN THE U.S; V. MACROECONOMIC IMPLICATIONS; A. MPCPs at Different Income Levels; B. Effect of Rising Polarization on Aggregate Consumption
  • VI. CONCLUDING REMARKSVII. REFERENCES; VIII. APPENDIX: POLARIZATION INDEX IS DIFFERENT FROM THE GINI INDEX; IX. DATA APPENDIX; TABLE 2. PSID DEFINITIONS; A. Total Expenditures (Unconditional Weighted Mean); B. Income, Wealth and Consumption; TABLE 3. PSID SAMPLE SELECTION; X. REGRESSION APPENDIX
Control code
958011044
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781475522501
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)958011044
Label
Income polarization in the United States, prepared by Ali Alichi, Kory Kantenga, Juan Solé
Publication
Copyright
Note
  • "June 2016."
  • At head of title: Western Hemisphere Department
Bibliography note
Includes bibliographical references (pages 24-26)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; ABSTRACT; I. INTRODUCTION; A. Rising income polarization; B. Income polarization for different demographic groups; C. Combined trends of polarization and inequality; D. Why are our polarization trends materially different from other contributions'?; E. Advantages of our work over prior studies; F. Consequences of rising polarization; II. AN INDEX OF INCOME POLARIZATION; III. THE DATA; IV. POLARIZATION VERSUS INEQUALITY TRENDS IN THE U.S; V. MACROECONOMIC IMPLICATIONS; A. MPCPs at Different Income Levels; B. Effect of Rising Polarization on Aggregate Consumption
  • VI. CONCLUDING REMARKSVII. REFERENCES; VIII. APPENDIX: POLARIZATION INDEX IS DIFFERENT FROM THE GINI INDEX; IX. DATA APPENDIX; TABLE 2. PSID DEFINITIONS; A. Total Expenditures (Unconditional Weighted Mean); B. Income, Wealth and Consumption; TABLE 3. PSID SAMPLE SELECTION; X. REGRESSION APPENDIX
Control code
958011044
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781475522501
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)958011044

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