Mainstream economics argues that the tax system is the best tool for reducing economic inequality. In fact, “predistributive” measures like minimum wages and collective bargaining can be equally or ...

This paper advocates two different demand side explanations of the Verdoorn-Kaldor law that permits two different types of increasing returns with different employment implications. One is the ...

We study how the spatial distribution of income and commuting patterns within cities vary across the development spectrum, drawing on new granular data from 50,000 neighborhoods in 121 cities across ...

There’s been a debate going on for a few years about whether the big rise in income inequality in the U.S. over the past three decades has been at least partly a political phenomenon or purely an ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. According to the U.S. Internal Revenue Service (IRS), ...

The most definitive study of the U.S. national income appeared last week.* It was an eight-year study by the No. 1 student of what the U.S. earns for itself, University of Pennsylvania’s Simon Kuznets ...

Our firm has worked with retirees for over 30 years, and it is a common practice to help our clients turn their nest eggs into a reliable retirement income stream. Investors seem to have a variety of ...

The majority of your life is spent in accumulation mode — earning a steady income and putting money aside for things like retirement, savings, your child’s education or a dream vacation home. After ...