
Economic Issues | |
Income Gap Varies Among States |
While the income gap between the rich and poor widened during the 1990s, the size of the gap varied sharply between states. That is the conclusion of a study being released by the Economic Policy Institute and the Center on Budget and Policy Priorities.
Some economists are questioning the findings because the data don't account for mobility in the lower classes. The study also depends on pretax income data from the Census Bureau -- which doesn't include noncash benefits such as food stamps, or capital gains, but does include dividend and interest payments. In addition to faulting the study on the data used, Heritage Foundation economists point out that the Census data overlook the greater number of hours wealthy Americans work than low-income Americans. Source: Constance Mitchell Ford and Patrick Barta, "Income Gap Is Widening Amid Boom," Wall Street Journal, January 18, 2000. For report text http://www.cbpp.org/1-18-00sfp.htm For more on Inequality and Income Distribution http://www.ncpa.org/pd/economy/econ7.html |
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