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Zewde's appendix "AGI vs. SCF" states that "AGI and household income reported in our SCF data" but does not specify the income concept used in the analysis.
Johnson and Moore say "households [in the SCF] are questioned about their Adjusted Gross Income." However, the SCF summary file doesn't have AGI, nor does the full codebook include the terms agi or adjusted gross income.
None of the other income concepts (all from the 2019 summary file) produced Zewde's $876 billion estimate:
income (total income) produced $733 billion
income - transfothinc (non-transfer income) produced $785 billion
wageinc + kginc (wage and capital gains income) produced $1,273 billion
The text was updated successfully, but these errors were encountered:
Zewde's appendix "AGI vs. SCF" states that "AGI and household income reported in our SCF data" but does not specify the income concept used in the analysis.
Johnson and Moore say "households [in the SCF] are questioned about their Adjusted Gross Income." However, the SCF summary file doesn't have AGI, nor does the full codebook include the terms
agi
oradjusted gross income
.None of the other income concepts (all from the 2019 summary file) produced Zewde's $876 billion estimate:
income
(total income) produced $733 billionincome - transfothinc
(non-transfer income) produced $785 billionwageinc + kginc
(wage and capital gains income) produced $1,273 billionThe text was updated successfully, but these errors were encountered: