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"Risks used to be confined largely to executives and business owners with large incomes," said Edward N. Wolff, an economist at New York University who studies wealth and income.
Neither of them ever earned large incomes, he said.
People with extremely large incomes, in the millions, will drive up a mean income.
To help pay for those subsidies, people with large incomes will have higher tax bills.
Such "assortative mating" increases inequality by 25%, by one estimate, since two-degree households typically enjoy two large incomes.
The New Elite marry each other, combining their large incomes and genius genes, and then produce offspring who get the benefit of both.
Similar(37)
So large income losses were more pervasive.
The large income gaps of the 1980's widened in the 90's.
Bob Herbert criticizes Republicans who advocate irresponsibly large income tax cuts (column, July 24).
Self-employed people also had large income gains in the period.
"A large income is the best recipe for happiness I ever heard of".
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CEO of Professional Science Editing for Scientists @ prosciediting.com