Ivan Mendieta-Muñoz is an Assistant Professor in the Department of Economics at the University of Utah. He received his Ph.D. in Economics from the University of Kent in Canterbury, United Kingdom, in 2016. Before joining the University of Utah in 2016, he taught at SOAS University of London, University of Kent and UNAM. His main research interests span the fields of macroeconomic theory and applied macro-econometrics, with a focus on the interactions between business cycles and economic growth on the one hand, and income inequality and finance on the other. His other research interests fall in the areas of economic development in Latin America and in the history of economic thought.
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This paper provides novel insights on the changing functional distribution of income in the post–war US economy.
The U.S. economy is increasingly becoming a dual economy, where high productivity sectors—such as manufacturing—and high pay sectors—such as finance and professional services—co-exist with low pay and low productivity sectors that employ most workers.