Trends in the Distribution of Income

Cards (3)

  • Income Distribution
    How an economy's income is spread among the members of different social and socioeconomic groups
  • Increasing gaps in earnings between occupations and social groups led to an increase in the spread of earnings within occupations and among employers with the same skill levels or educational qualifications.
  • Higher rates of union membership tend to create more similar wage outcomes for workers doing similar jobs in different firms and industries.