Quarterly Review 3411

Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update

Javier Díaz-Giménez
José-Víctor Ríos-Rull | University of Pennsylvania, UCL, CAERP, CEPR and NBER
Andrew Glover | University of Texas at Austin

Published March 9, 2011

This article is largely a description of inequality of earnings, income, and wealth in the United States in 2007 as measured by the Survey of Consumer Finances (SCF). We look at inequality in relation to various characteristics such as age, education, employment status, marital status, and whether households are late payers or include bankruptcy filers. We also look at economic mobility. We compare these variables in 2007 with their values in our earlier study in 1998.

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