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Dimensions of Inequality: Facts on the U.S. Distributions of Earnings, Income, and Wealth
Open accessAbstract
This article describes some facts about financial inequality in the United States that a good theory of inequality must be able to explain. These include the facts that \nlabor earnings, income, and wealth are all unequally distributed among U.S. \nhouseholds, but the distributions are significantly different. Wealth is much more \nconcentrated than the other two. Wealth is positively correlated with earnings and \nincome, but not strongly. The movement of households up and down the economic \nscale is greater when measured by income than by earnings or wealth. Differences \nacross the three variables remain when the data are disaggregated by age, \nemployment status, educational level, and marital status of the heads of U.S. \nhouseholds. Each of these classifications also has significant differences across \nhouseholds. All the facts are based on data taken from the 1992 Survey of \nConsumer Finances and the 1984–85 and 1989–90 Panel Study of Income \nDynamics.
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Metadata
- Authors
- Díaz-Giménez, J., Ríos-Rull, J.-V., & Ríos-Rull, J.-V.
- Venue
- Quarterly Review
- Publisher
- Federal Reserve Bank of Minneapolis
- Published
- 1997-03
- Volume
- 21
- Issue
- 2
- ISSN
- 0271-5287 (ISSN-L)
- OpenAlex
- W2108052618
- Cited by
- 204
- References
- 0
- FWCI
- 21.40
- Type
- journal article
- Language
- en
- Open access
- bronze
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- CoChat. (2026). Citation check: Dimensions of Inequality: Facts on the U.S. Distributions of Earnings, Income, and Wealth. https://app.cochat.ai/papers/10.21034/qr.2121
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- Díaz-Giménez, J., Ríos-Rull, J.-V., & Ríos-Rull, J.-V. (1997). Dimensions of Inequality: Facts on the U.S. Distributions of Earnings, Income, and Wealth. Quarterly Review. https://doi.org/10.21034/qr.2121
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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