How Pronounced is the U-Curve? Revisiting Income Inequality in the United States, 1917–60
Bibliographic Data
| ID | 9702996 |
|---|---|
| Authors | Vincent Geloso (0000-0002-6730-424X, George Mason University, corresponding author), Vincent J Geloso (George Mason University), Phillip Magne (0000-0002-5627-5244, American Institute for Economic Research), Phillip Magness (American Institute for Economic Research), John Moore (0000-0003-4566-6247, Walsh College), John Allphin Moore (0000-0001-7599-0203, Walsh College), Philip Schlosser (Wayne State University) |
| Year | 2022 |
| Volume | 132 |
| Issue | 647 |
| Pages | 2366-2391 |
| Publication date | 2022-09-19 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ej/ueac020 |
| OpenAlex | W4220747453 |
| Language | EN |
| Citations received | 10 |
| References cited | 24 |
Piketty and Saez (2003) found a pronounced U-curve pattern of American income inequality since 1917, displaying a precipitous decline during World War II to a level that would hold until 1980. We offer revisions to their income inequality estimates prior to 1960 with three important findings. First, Piketty and Saez overstate inequality levels in this period. Second, the decline during World War II was smaller than depicted. Third, the Great Depression, rather than World War II, played the more significant role. These findings indicate a need to re-evaluate commonly held assumptions about the evolution of inequality during the period of the ‘great levelling’, as well as the nature of its posited relationship to tax policy
Demographic economics · Development economics · Economic inequality · Economics · Great Depression · Inequality · Political science · World War II · Economic Theory and Institutions · Economic Theory and Policy · Income, Poverty, and Inequality · Law · Mathematics
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Top Incomes in the Long Run of History
Do Piketty and Saez Misstate Income Inequality? Critiquing the Critiques
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Federal Personal Income Tax Policy in the 1920s
A Note on New Estimates of the Distribution of Income in the 1920s
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| Unique citing works | 10 |
|---|---|
| Citations per year | 3,33 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 10 |