2022
DOI: 10.3386/w30229
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Real-Time Inequality

Abstract: and numerous conference participants for helpful comments and reactions. We acknowledge financial support from the Center for Equitable Growth at UC Berkeley, the Carnegie Foundation, NSF grant SES-1559014, the Stone Foundation, and the European Research Council. This paper is supplemented by a website, https://realtimeinequality.org, with timely inequality and distributional growth estimates updated every quarter and detailed visualizations. All our data and programs are also posted online at this address. Th… Show more

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Cited by 35 publications
(8 citation statements)
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“…The recent role of capital gains in the widening of the racial wealth gap paints a sobering picture for the future of racial wealth convergence. Wealth concentration increased dramatically over the Covid-19 pandemic, reaching its highest levels since World War II, and the top 0.01% of households now own 36.1% of private wealth (Blanchet, Saez, and Zucman, 2022). The above analysis suggests this has clear implications for the racial wealth gap.…”
Section: The Future Of the Racial Wealth Gapmentioning
confidence: 85%
“…The recent role of capital gains in the widening of the racial wealth gap paints a sobering picture for the future of racial wealth convergence. Wealth concentration increased dramatically over the Covid-19 pandemic, reaching its highest levels since World War II, and the top 0.01% of households now own 36.1% of private wealth (Blanchet, Saez, and Zucman, 2022). The above analysis suggests this has clear implications for the racial wealth gap.…”
Section: The Future Of the Racial Wealth Gapmentioning
confidence: 85%
“…Gindelsky (2018) uses an autoregressive-distributed lag framework to select forecasting models of the US top income share, and finds that naive forecasting devices are hard to beat in terms of forecast performance. Blanchet et al (2022) provide high-frequency income distributions for the USA, but do not produce forecasts. The literature producing medium-term ex ante econometric forecasts of top income shares is limited, and one of the contributions of this paper is to rectify this for the UK.…”
Section: Introductionmentioning
confidence: 99%
“…Blanchet et al . (2022) provide high‐frequency income distributions for the USA, but do not produce forecasts. The literature producing medium‐term ex ante econometric forecasts of top income shares is limited, and one of the contributions of this paper is to rectify this for the UK.…”
Section: Introductionmentioning
confidence: 99%
“…inequality have substantially widened in most countries around the world (Chancel et al, 2022). For instance, in the United States, from January 1990 to January 2023, the inflation-adjusted labor and capital market income of the median household increased by about 10%, whereas the income of the top decile increased by more than 80% (Blanchet et al, 2022). In other words, although all American households have become wealthier, the richest households have done so at a significantly faster pace.…”
mentioning
confidence: 99%