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date: 22 November 2019

Abstract and Keywords

Income distribution is defined as both the process of distributing income to individuals and families and as the statistical consequences of that distribution. After examining the measurement issues that enter into this distribution, the discussion highlights the evidence for rising inequality in the United States. It finds the top quintile, and even more starkly, the top 5% and 1% of all households, to have made most of the gains. Identifying the effects of globalization as the prime cause for this shift, income distribution is then correlated with other social welfare policy issues such as economic growth, health, and political democracy.

Keywords: GINI coefficient, globalization, households, families, inequality, quintiles, skill premium, trade unions

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