Arbeitspapier
Common Trends and Shocks to Top Incomes: A Structural Breaks Approach
In this paper we use newly compiled top income share data to estimate common breaks and trends across countries over the twentieth century. By using the most re-cent structural breaks techniques, our approach both confirms previous notions and offers new insights. In particular, the division into an Anglo-Saxon and a Continental European experience does not seem to be as clear cut as previously suggested. Some continental European countries have had increases in top income shares, just as in the Anglo-Saxon countries, but typically with a lag. Most notably, we find that the Nordic countries display a marked Anglo-Saxon pattern, with sharply increased top income shares. Unlike in the Anglo-Saxon countries, however, including realized capital gains seems important in these countries. Our results help inform theories about the causes of the recent rise in inequality.
- Language
-
Englisch
- Bibliographic citation
-
Series: IFN Working Paper ; No. 801
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Distribution: General
Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: General, International, or Comparative
- Subject
-
Top Incomes
Income Inequality
Economic Development
Common Structural Breaks
Einkommen
Einkommensverteilung
Vermögensverteilung
Wertzuwachssteuer
Entwicklung
Strukturbruch
Nordeuropa
Welt
- Event
-
Geistige Schöpfung
- (who)
-
Roine, Jesper
Waldenström, Daniel
- Event
-
Veröffentlichung
- (who)
-
Research Institute of Industrial Economics (IFN)
- (where)
-
Stockholm
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Roine, Jesper
- Waldenström, Daniel
- Research Institute of Industrial Economics (IFN)
Time of origin
- 2009
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