Armon Rezai is assistant professor in environmental economics at the Vienna University of Economics and Business (WU), a researcher at the International Institute for Applied Systems Analysis (IIASA) and an external research affiliate at the Oxford Centre for the Analysis of Resource Rich Economies (OxCarre) of Oxford University. He has published widely on macroeconomic topics, such as growth and distribution, and their application to environmental problems like climate change in numerous economic journals as well as the popular press. Before joining his current department, he earned a doctorate in economics from The New School for Social Research and worked at the United Nations University’s World Institute for Development Economics Research in Helsinki. He has also worked as a consultant to the World Bank and the Austrian National Bank and has been a Fulbright fellow and a visiting fellow at the University of California at Berkeley.
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This paper is based on a social accounting matrix (SAM) which incorporates the size distribution of income based on data from the BEA national accounts, the widely discussed 2012 CBO distribution study, and BLS consumer surveys.