i'm interested in what your thoughts are on sor the decomposition of thewhere that income comes from the top one %. A lot of them are indeed calp rit executives n in various industries. So finance is an important component, but it's far from it. The rise of us incommunquality was essentially driven by an increase in laborin communqualitvis the ubsurge of top coper executive pay. Since two thousand, it's been very different. Labor in communecualitytraty has not increased, might even have declined a little bit. Capital income at the top is more important than laborincomtha. That wealth itselfgenerates o som
Gabriel Zucman of the University of California, Berkeley talks with EconTalk host Russ Roberts about his research on inequality and the distribution of income in the United States over the last 35 years. Zucman finds that there has been no change in income for the bottom half of the income distribution over this time period with large gains going to the top 1%. The conversation explores the robustness of this result to various assumptions and possible explanations for the findings.