Explaining the evolution of the wealth distribution requires understanding the dynamics of consumption and savings. We analyze the dynamics of consumption and savings under uncertainty in labour ...

Changes in overall economic conditions may affect real household income levels and also how income is distributed across households. Analysis using annual data from 1967 to 2023 shows that the adverse ...

Editor's note: The Institute for Business in Global Society (BiGS) invited economist Anton Korinek to speak about the impact of artificial intelligence on the economy during our AI in Society seminar ...

We study the reasons for rising in-work poverty in the 25 years up to the pandemic.

New U.S. Census data reveals how much income it takes to reach middle- or upper-class status—and how location reshapes those ...

Several studies by Thomas Piketty and his colleagues purporting to show that income inequality has increased dramatically in the United States over the last 60 years have influenced the public’s views ...

Recent global data reveals striking differences in how much countries spend on food relative to their total household income. Generally speaking, the more developed a country is, the smaller the ...

UChicago political scientist Susan C. Stokes analyzes the current moment while offering solutions to a polarized public ...

Motio Research's estimate of median household income in December 2023 was $77,051. The estimated income earned by a household at the exact middle of the income distribution in the United States ...