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Discussion Paper

Differences in Rent Growth by Income 1985-2019 and Implications for Real Income Inequality


Abstract: Large and growing income differentials in the US have generated a mounting interest in income inequality among economists. The average income in the highest quintile of households increased by about 70 percent in real terms from 1985 to 2019, whereas the average income of the lowest quintile only increased by 20 percent during this period (Semega et al. 2020).

https://doi.org/10.17016/2380-7172.3006

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-11-05

Number: 2021-11-05-3