Income Inequality in America
Frank Levy
Mon Jan 24, Tue Jan 25, Wed Jan 26, 10-11:00am, 8-205
No enrollment limit, no advance sign up
Participants requested to attend all sessions (non-series)
In 2008, the top 1 percent of households received about 21% of all income, twice its income share in 1990 and roughly equal its share in 1929 at the end of the Gilded Age. Average household income in the top 1 percent doubled over these years (adjusted for inflation) while income of the average household grew by 5 percent.
This activity will consist of three sessions reviewing what we know about the causes of income inequality including immigration, technological change, the growth of the financial sector and international trade. We will also devote some time to discussing what is known about the consequences of inequality for national life.
Contact: Frank Levy, 9-523, x3-2089, flevy@mit.edu
Sponsor: Urban Studies and Planning
Latest update: 10-Jan-2011
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