The Top 1 Percent in International and Historical Perspective

By Facundo Alvaredo, Anthony B. Atkinson, Thomas Piketty, Emmanuel Saez. 2013

795 citations recorded by the source corpus.

World Top Incomes Database at http://topincomes.parisschoolofeconomics.eu/) and has represented a challenge to the economics profession. Stories based on the and has represented a challenge to the economics profession. Stories based on the supply and demand for skills are not enough to explain the extreme top tail of supply and demand for skills are not enough to explain the extreme top tail of the earnings distribution; nor is it enough to look only at earned incomes. Different the earnings distribution; nor is it enough to look only at earned incomes. Different approaches are necessary to explain what has happened in the United States over approaches are necessary to explain what has happened in the United States over the past century and also to explain the differing experience in other high-income the past century and also to explain the differing experience in other high-income countries over recent decades. We begin with the international comparison in the countries over recent decades. We begin with the international comparison in the fi rst section and then turn to the causes and implications of the evolution of top fi rst section and then turn to the causes and implications of the evolution of top income shares. income shares.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/59ca67aef96e14db14689016aea6dc7dc3be5816

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Citations in the corpus

Economic inequality in northwestern Italy: A long-term view (fourteenth to eighteenth centuries) (2015, background): “This is not a statistical necessity, but rather an empirical regularity, one even more striking considering that the same phenomenon characterizes contemporary societies, with many studies showing how the changes occurring at the top practically determine what happens to overall inequality (see for ”
Growing Income Inequality in the United States and Other Advanced Economies (2020, neutral): “Many studies on the distribution of broader concepts of income often present results without capital gains (for example, Alvaredo et al. 2013) because of the high volatility of such gains over time, which in turn is linked to the fact investors may be strategic in deciding when to realize these…”
Pareto Models, Top Incomes, and Recent Trends in UK Income Inequality (2017, neutral): “(See e.g. Alvaredo et al. 2013, Atkinson and Piketty 2007 on crossnational comparisons, and Atkinson 2005 on UK trends.)”
Damages Done: The Longitudinal Impacts of Natural Hazards on Wealth Inequality in the United States (2018, positive): “…into the realm of politics and government, where recent changes in tax policies, financial regulations, and redistributive programs have contributed to, and in many ways institutionalized, the ongoing bifurcation of wealth (Alvaredo et al. 2013; Keister 2014; Kristal 2010; Volscho and Kelly 2012).”
How Firms Shape Income Inequality: Stakeholder Power, Executive Decision Making, and the Structuring of Employment Relationships (2015, background): “Others have suggested that income concentration is an artifact of tax law, as across countries and over time, higher marginal tax rates are associated with lower after-tax inequality (Alvaredo et al., 2013), as are specific tax policies aimed to redistribute earnings (Neumark & Wascher, 2001).”
Decomposing Wage Distributions using Recentered Influence Function Regressions (2018, methodology): “25 We deal with this issue using a more sophisticated stochastic imputation procedure (shown as the solid line) based on a Pareto distribution estimated using tax data from Alvaredo et al. (2013). Given our large sample of hourly paid and salaried workers, heaping does not appear to be a serious iss”
IS LABOR'S LOSS CAPITAL'S GAIN? GROSS VERSUS NET LABOR SHARES (2017, background): “A robust finding is that income inequality has increased since the late 1970s, the same period gross labor share is falling (Alvaredo et al. 2013). Are labor share and inequality correlated in the data? As discussed above, net labor share is more appropriate than gross share for discussing inequalit”
The Return of "Patrimonial Capitalism" : A Review of Thomas Piketty's Capital in the Twenty-First Century (2014, background): “(Piketty and Saez 2003), the rest of Europe and the developed world (Atkinson and Piketty 2007), and, most recently, in a number of emerging market economies (Atkinson and Piketty 2010; Alvaredo et al. 2013).”
It’s Where You Work: Increases in the Dispersion of Earnings across Establishments and Individuals in the United States (2016, background): “…on the entire distribution of earnings document that percentage changes in earnings in the period on which we focus were larger in the higher percentiles of the distribution and were especially large for top earners—the upper 10% or 1%, depending on the study ðLemieux 2008; Alvaredo et al. 2013Þ.”
The economics of the democratic deficit: The effect of IMF programs on inequality (2016, neutral): “policies and institutions as determinants of inequality (Alvaredo et al. 2013; Dabla-Norris et al. 2015; OECD 2011).”
Skewed Wealth Distributions: Theory and Empirics (2018, positive): “, by Wolff (1987, 2006): the top 1 percent of the richest households in the United States hold over 33 percent of wealth; see also Alvaredo et al. (2013) and Kuhn and Ríos-Rull (2016).7 Thick tails for the distributions of wealth are also well documented.”
Global Inequality Dynamics: New Findings from WID.world (2017, background): “The WID.world project started with the construction of historical top income share series for France, the US, and the UK, and then extended to a growing number of countries (Piketty 2001, 2003; Piketty and Saez 2003; Atkinson and Piketty 2007, 2010; Atkinson et al. 2011; Alvaredo et al. 2013).”
Elite Colleges and Upward Mobility to Top Jobs and Top Incomes (2019, neutral): “I measure these outcomes for students who are between 12 and 39 years 1 See, e.g., Miller (1949, 1950), Urahn et al. (2012), or Rivera (2016) for a discussion of mobility to top positions, and Atkinson, Piketty, and Saez (2011) or Alvaredo et al. (2013) for trends in top income shares.”
The Effect of State Taxes on the Geographical Location of Top Earners: Evidence from Star Scientists (2015, methodology): “The national income percentiles are obtained from the World Top Incomes Database (Alvaredo et al. 2013). We obtain statutory rates by state and year for corporate income taxes, investment tax credits, and research and development tax credits from Chirinko and Wilson (2008); Wilson (2009); and Morett”