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Rising Income Risk at the Top

Analysis of IRS tax returns shows permanent income risk rose nearly 70% among the top 5% since the 1970s, depressing risk-free rates and widening wealth inequality.

Featured in No. 135 on 16 Oct 2026 · 9 days after release

Income risk evolution 1970-2010 across income percentiles for employed and non-employed households.
Figure 19: Evolution of Income Risk Using Adjusted Gross Income (AGI)
Released
7 Oct 2026
First featured
No. 135 · 16 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
3 of 5
Identifier
RePEc:nbr:nberwo:35664
Authors
J. Carter Braxton et al.

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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