John Sabelhaus

TL;DR: The Federal Reserve Board's Survey of Consumer Finances for 2010 as discussed by the authors provides insights into changes in family income and net worth since the 2007 survey, showing that over the 2007-10 period, the median value of real (inflation-adjusted) family income before taxes fell 7.7 percent, while mean income fell more sharply, an 11.1 percent decline.

TL;DR: For example, the saving rate of the United States has been shown to fall precipitously in the 1980s as discussed by the authors, and the decline coincided with a dramatic increase in real market interest rates, which should have greatly strengthened saving incentives.

TL;DR: The Federal Reserve Board's Survey of Consumer Finances for 2013 as mentioned in this paper provides insights into the evolution of family income and net worth since the previous time the survey was conducted, in 2010, showing that over the 2010-13 period, the median value of real (inflation-adjusted) family income before taxes fell 5 percent, while mean income increased 4 percent.

TL;DR: In this paper, the authors reconcile the divergent top share estimates, showing how the choices of data sets and methodological decisions affect levels and trends, and their preferred estimates for both wealth and income concentration are lower and have been rising less rapidly in recent years.

TL;DR: In this paper, the authors decompose postwar changes in U.S. saving into those due to changes in cohort-specific consumption propensities, changes in the intergenerational distribution of resources, and changes in government spending on goods and services.