Tag: earnings
Abstract Over the past few decades, U.S. income inequality has grown, with high earners experiencing disproportionate growth. This pattern has increased the top earners’ share of national income and reduced the share of earnings taxable by Social Security from 87.1 percent to 82.7 percent since 1994, weakening the program’s fiscal situation. Yet the drivers of…
The first study known to look at changes over several decades in lifetime earnings for the nation’s workers shows a dramatic trend: women are up and men are down. The oldest people studied, mostly men, began working in the 1950s, when the post-war U.S. economy was going full throttle, and they started retiring in t…
