2011

Common Trends and Shocks to Top Incomes: A Structural Breaks Approach

Särtryck nr 2011:24

Författare: Jesper Roine och Daniel WaldenströmÅr: 2011 Publikation: Review of Economics and Statistics Årgång (nr): 93 (3) Sidor: 832–846
Artikeln online (behörighet kan krävas)


We use newly compiled top income data and structural breaks techniques to estimate common trends and breaks in inequality across countries over the twentieth century. Our results both confirm earlier findings and offer new insights. In particular, the division into an Anglo- Saxon and a Continental European experience is not as clear-cut as previously suggested. Some Continental European countries seem to have, experienced increases in top income shares, just as Anglo-Saxon countries have, but typically with a lag. Most notably, Nordic countries display a marked Anglo-Saxon pattern, with sharply increased top income shares, especially when including realized capital gains. Our results help inform theories about the causes of the recent rise in inequality.


Referens:
Roine, Jesper och Daniel Waldenström (2011), "Common Trends and Shocks to Top Incomes: A Structural Breaks Approach". Review of Economics and Statistics 93(3), 832–846.

Daniel Waldenström

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Nikita Koptyug

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  • Vilken information använder konsumenter när de fattar beslut om köp av produkter?
  • Kan tillförlitlig information minska asymmetriproblem mellan professionella och icke-professionella köpare?

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