Michael Bordo, Michael Boskin, John Cogan, Darrell Duffie, Joe Grundfest, Eric Hanushek, Cynthia Liu, Monika Piazzesi, Gary Roughead, George Shultz, John Taylor, Ian Wright
The Working Group on Economic Policy met to discuss income distribution in the United States, as well as income mobility. This included a discussion of facts and data on changes in the distribution of income by percentiles, potential economic explanations for the changes (e.g. returns to education, taxes and transfers), international comparisons and income mobility over time. The group also discussed the possibilities of having a conference examining the political ramifications of the data and economic explanations.