Masterson, Thomas; Zacharias, Ajit; Eren, Selcuk; … - Levy Economics Institute - 2011
decline in economic inequality took place between 1989 and 2000, while our measure indicates no such change. We argue that … these outcomes can be traced to the difference in the treatment of the role of wealth in shaping economic inequality. Our … measure also indicates that, on balance, government expenditures and taxes did not have an inequality-reducing effect in …