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The Growth of US Top Income Inequality: A Hierarchical Redistribution Hypothesis
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this hypothesis using a large-scale hierarchy model of the US private sector. My method is to vary the rate that income scales with hierarchical rank within modeled firms. I find that this model is able to reproduce four intercorrelated US trends: (1) the growth ofdoi:10.31235/osf.io/suqnk fatcat:ovaoyps2ijdt7pynlh2fswjcxy