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Income Mobility & the Middle Class (AEI Studies on Understanding Economic Inequality),New
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Did the decline in the proportion of households with middleclass incomes take place because the households became richer or because the households became impoverished? The authors find that as the share of people in the middle of the income distribution fell, the great majority of those people became better off. They also show that real income increased for most people when measured at comparable points in the business cycle. Income Mobility and the Middle Class is one in a series of new AEI studies on trends in the level and distribution of U.S. wages, income, wealth, consumption, and other measures of material welfare. A list of publications in this series appears inside. Richard V. Burkhauser is professor of economics and the associate director for aging studies, Center for Policy Research, Maxwell School, Syracuse University. Amy D. Crews is an assistant professor of economics and senior research associate, Center for Policy Research, Maxwell School, Syracuse University. Mary C. Daly is an economist at the Federal Reserve Bank of San Francisco. Stephen P. Jenkins is professor in the ESRC Research Center on MicroSocial Change, University of Essex, United Kingdom.
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