Income for those earning the median of $26,000 a year in 1975 grew at just 30% of per capita GDP to $36,000 in 2018. Income for those earning the median of $26,000 a year in 1975 grew at just 30% of per capita GDP to $36,000 in 2018. (Photo: Shutterstock)

Just how big is the income gap? RAND Corporation attempted to gain a better understanding of changes in income inequality since the mid-1970s by creating a new metric that measures how much economic growth is shared across all income distributions.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Corporate Risk
Public Sector Risk