<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0a95c25d-95f2-4016-bba3-746c523f76c5/909DBF3D-DE45-4EF8-AC73-5DF55EEFDEED/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.economicprincipals.com/issues/2009.04.26/402.html" href="http://www.economicprincipals.com/issues/2009.04.26/402.html" style="font-size: 11px;">www.economicprincipals.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html"><A href="http://www.econ.berkeley.edu/~saez/" linkindex="10"><FONT face="Times New Roman" color="#800080">Emmanuel Saez</FONT></A><FONT face="Times New Roman">, 36, a public economics expert </FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">was awarded the 2009 John Bates Clark Medal </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">describe the broad changes in income distribution in the <ST1:COUNTRY-REGION w:st="on"><ST1:PLACE w:st="on">United State</ST1:PLACE></ST1:COUNTRY-REGION></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">His most striking finding has been to confirm the widespread intuition that income inequality has been increasing </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">he found that families making up the top ten percentile of the income distribution had been steadily increasing their share of all income since the 1970s. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">This best off decile of earners had one heyday in the “Roaring 1920s,” when their share reached nearly 45 percent of national income</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">heir share remained remarkably stable for the next three decades, at around a third of national income, until the mid-1970s. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">hen the top decile’s share began to climb again, hitting 49.7 of national income in 2006, higher than any year since 1917</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economicprincipals.com/issues/2009.04.26/402.html">Moreover, most of that improvement owed to record gains for families in the top one percent of income (earning more than $382,600).</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/909DBF3D-DE45-4EF8-AC73-5DF55EEFDEED/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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