Income inequality has risen fast because growth mainly benefitted top incomes

2014 ◽  
Vol 22 (1) ◽  
pp. 88-101
Author(s):  
Eoin Flaherty

This commentary examines two principal forms of inequality and their evolution since the 1960s: the division of national income between capital and labour, and the share of total income held by the top 1 per cent of earners. Trends are linked to current discussions of inequality drivers such as financialisation, and a brief time-series analysis of the effects of trade and financial sector growth on top incomes is presented.


2020 ◽  
Vol 62 ◽  
pp. 101495 ◽  
Author(s):  
Qinghai Li ◽  
Shi Li ◽  
Haiyuan Wan

2021 ◽  
Vol 111 ◽  
pp. 520-525
Author(s):  
Cecile Gaubert ◽  
Patrick Kline ◽  
Damián Vergara ◽  
Danny Yagan

We use Bureau of Economic Analysis, census, and Current Population Survey data to study trends in income inequality across US states and counties from 1960-2019. Both states and counties have diverged in terms of per capita pretax incomes since the late1990s, with transfers serving to dampen this divergence. County incomes have been diverging since the late 1970s. These trends in mean income mask opposing patterns among top-and bottom-income quantiles. Top incomes have diverged markedly across states since the late 1970s. In contrast, bottom-income quantiles and poverty rates have converged across areas in recent decades.


2019 ◽  
Vol 66 (4) ◽  
pp. 850-874 ◽  
Author(s):  
Ignacio Flores ◽  
Claudia Sanhueza ◽  
Jorge Atria ◽  
Ricardo Mayer

2015 ◽  
Vol 20 (4) ◽  
pp. 971-986 ◽  
Author(s):  
Marcelo Medeiros ◽  
Pedro Herculano Guimarães Ferreira de Souza ◽  
Fábio Ávila de Castro

Object: the level and evolution of income inequality among adults in Brazil between 2006 and 2012.Objectives: to calculate the level of inequality, its trend over the years and the share of income growth appropriated by different social groups.Methodology: We combined tax data from the Annual Personal Income Tax Returns (Declaração Anual de Ajuste do Imposto de Renda da Pessoa Física - DIRPF) and the Brazilian National Household Survey (Pesquisa Nacional por Amostra de Domicílios - PNAD) to construct a complete distribution of total income among adults in Brazil. We applied Pareto interpolations to income tax tabulations to arrive at the distribution within income groups. We tested the results, comparing the PNAD to the Brazilian Consumption and Expenditure Survey (Pesquisa de Orçamentos Familiares - POF) and to data from the Census Subsample Survey (Census.Results: We found evidence that income inequality in Brazil is higher than previously thought and that it remained stable between 2006 and 2012; in making these findings, we thus diverged from most studies on the dynamics of inequality in Brazil.. There was income growth, but the top incomes have appropriated most of this growth.


2021 ◽  
Vol 68 (2) ◽  
pp. 231-252
Author(s):  
Jelena Zarkovic-Rakic ◽  
Marko Vladisavljevic

After the breakup of former Yugoslavia Croatia, Serbia and Slovenia followed different income tax reform trajectories that could explain currently different levels of income inequality in these countries. Our paper analyzes redistributive effects of introducing progressive tax systems, like the ones currently implemented in Slovenia and Croatia, in the Serbian context. Using microsimulation modeling and Survey on Income and Living Conditions data for 2017 our results suggest that implementation of both Croatian and Slovenian tax system would yield lower levels of income inequality and poverty if applied in Serbia. Slovenian system achieves larger decrease in inequality due to higher tax burden on the top incomes and brings significant increase in tax revenues. Croatian tax schedule achieves stronger decrease in poverty as more generous personal allowance exempt higher portions of low incomes from labour taxes.


2020 ◽  
Author(s):  
Dominic Webber ◽  
Richard Tonkin ◽  
Martin Shine

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