The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern. Researchers have now examines income ...

While the U.S. economy outperforms other rich countries, it doesn’t feel that way for many Americans. Forty-two percent of Americans don’t have an emergency savings fund, while 40% can’t afford a ...

Microdata are used to examine the relative ability of the human capital model and of an alternative national distribution hypothesis to generate predicted distributions of earnings that are close to ...