This paper examines the distributional implications of inflation on top income shares in 14 advanced economies using data over period 1920–2016. We use local projections to analyze how respond an shock, and panel regressions which all variables are defined as 5-year averages examine impact position top-one-percent long run. Our findings suggest that reduces share national held by 1 percent. Fur...

This paper revisits Saccone’s (2020) analysis of the impact economic freedom on decile income shares for a panel developed and developing nations during 1980-2014. Saccone found that higher levels corresponded with lower bottom 8 deciles only top 2 deciles. Instead shares, this focuses levels. We find per capita all 10 increases as increases.

We assess income inequality across French and British colonial empires between 1920 1960, exploiting for the first time tax tabulations. As measured by top shares, was high in colonies. Europeans comprised bulk of earners, only a minority autochthons could compete income-wise. Top shares were no higher settlement colonies, those territories wealthier average European settler less rich than expa...

Multidimensional Affluence: Theory and Applications to Germany and the US This paper suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analyzing the role of income and wealth a...

The relationship between income inequality and national savings is theoretically ambiguous, and past empirical studies have delivered mixed results. We revisit the question using a newly available source of data on inequality: the income share of the richest 10 percent and the richest 1 percent. Combining this with historical data on national savings rates, we are able to investigate the relati...

This paper use income tax return data from 1960 to 2000 to analyze the link between reported incomes and marginal tax rates. Only the top 1% incomes show evidence of behavioral responses to taxation. The data displays striking heterogeneity in the size of responses to tax changes overtime, with no response either short-term or long-term for the very large Kennedy top rate cuts in the early1960s...

Taking five Anglo-Saxon countries that have relatively similar backgrounds and tax systems – Australia, Canada, New Zealand, the UK and the USA – we see that the shares of the very richest exhibit a strikingly similar pattern, falling in the three decades after World War II, before rising sharply from the mid-1970s onwards. The share of the top 1 per cent is highly correlated across AngloSaxon ...