Notes
Introduction
1. The conversations in this chapter are taken from personal interviews with the subjects. The names have been changed for privacy.
2. US Census Bureau, “Historical Income Tables: Families,” https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-families.html.
3. Author’s calculations based on US Census Bureau data. Thanks to the work of Thomas Picketty and Emmanuel Saez, who created the World Inequality Database (WID; https://wid.world/world/), we now have estimates of various incomes from earlier periods. I have used the US Census Bureau data because it is the official US government data. However, it is useful to compare the results to those provided by the WID. The match is not perfect because ...
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