Working Paper
Do rising top income shares affect the incomes or earnings of low and middle-income families?
Thompson, Jeffrey P.; Leight, Elias (2012)
This paper uses US state panel data to explore the relationship between the share of income received by affluent households and the level of income and earnings received by low and middle-income families. A rising top share of income can potentially lead to increases in the incomes of low and middle-income families if economic growth is sufficiently responsive to increases in inequality. A substantial literature on the impacts of inequality on economic growth exists, but has failed to achieve consensus, with various studies finding positive impacts, negative impacts, and no impacts on growth ...
Finance and Economics Discussion Series , Paper 2012-76