5  4  For evidence on the relationship between monetary policy and labor market disparities between some demographic groups, see Carpenter and Rodgers (2004). 5 For more on inequality of opportunity see Marrero and Rodriquez (2013).
-6Aside from reducing the long-run productive potential of the economy, persistently high levels of income and wealth inequality may also have implications for the robustness of consumer spending, which accounts for roughly two-thirds of aggregate spending in the United States.