Slower Productivity and Higher Inequality: Are They Related?

@article{Furman2018SlowerPA,
  title={Slower Productivity and Higher Inequality: Are They Related?},
  author={Jason Furman and Peter R. Orszag},
  journal={Kauffman: Data (Topic)},
  year={2018}
}
Income growth for typical American families has slowed dramatically since 1973. Slower productivity growth and an increase in income inequality have both contributed to this trend. This paper addresses whether there is a relationship between the productivity slowdown and the increase in inequality, specifically exploring the extent to which reduced competition and dynamism can explain both of these phenomena. Productivity growth has been uneven across the economy, with top firms earning… Expand
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