In this paper we use cross-state panel data to show a positive and significant correlation between various measures of innovativeness and top income inequality in the United States over the past decades. Two distinct instrumentation strategies suggest that this correlation (partly) reflects a...

This report sets out what has happened to income and expenditure inequality in the 1990s and early 2000s, comparing the changes to previous decades. Although income is very often used for assessing living standards in this country, spending is often more informative, because many people can...