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Accounting for United States Inequality Trends, 1979-2010

Authors:
Jeff Larrimore, Joint Committee on Taxation
Richard Burkhauser, Cornell University
Publication Date:
Jan 2011
Published In:
Project Programs:
U.S. 2010

Two factors distinguish the median-income declines and inequality increases in the first two years of the Great Recession from earlier recessions: employment decline, not earnings decline, for women and especially men; and the offset of increased public transfers.

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