Fed paper studies inequality in three dimensions
Authors find examining three dimensions simultaneously gives new insights
Simultaneously studying inequality in consumption, income and wealth sheds new light on the issue, and indicates inequality may be even worse than previously thought, according to a working paper published by the US Federal Reserve Board.
Inequality in 3D: income, consumption and wealth studies inequality in the US between 1989 and 2016, seeking to deepen the work of Thomas Piketty and Emmanuel Saez on the topic.
As well as finding that inequality in both two and three dimensions increased
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