Economic Elites, Investments, and Income Inequality

  title={Economic Elites, Investments, and Income Inequality},
  author={M. Nau},
  journal={Social Forces},
  pages={437 - 461}
  • M. Nau
  • Published 2013
  • Economics
  • Social Forces
  • Stratification research documents that income inequality is on the rise. Common explanations include changes in technology, demography, and labor market institutions. This study documents an additional driver of inequality that has been critical to the concentration of income among elites: income from investments. As they have turned to their investment portfolios for income, economic elites have become less reliant on the returns to labor. This finding indicates that the current debate over… CONTINUE READING
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