By A. B. Atkinson, Thomas Piketty

In line with a pioneering study programme at the evolution of best earning, this quantity brings jointly reports from 10 OECD international locations. This swiftly turning out to be box of financial examine investigates the head section of the source of revenue distribution through the use of info from source of revenue tax files during the last century. in addition to describing the resource information and strategies hired, the authors additionally talk about the dramatic alterations that experience happened on the best of the source of revenue scale through the twentieth century. This interesting learn is the 1st of its style to supply a finished historical evaluate of most sensible source of revenue distribution over the past century. It seems to be at why most sensible earning stocks fell markedly within the first 1/2 the 20 th century and why, extra lately, there was a awesome distinction within the most sensible source of revenue distribution among continental Europe and English-speaking OECD nations, just like the united kingdom, united states, and Australia. Written via the head names within the box, this seminal paintings presents wealthy pickings for people with an curiosity in inequality, improvement, the industrial effect of warfare, taxation, monetary heritage, and government repayment.

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Extra resources for Top Incomes over the Twentieth Century: A Contrast between European and English-Speaking Countries

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From 1820 to 1950, pausing only between 1910 and 1929 . . [and then] continued to worsen . . improving only between 1950 and 1960’ (2002: 731). 7% in 1992. Rightly, most attention has focused on the bottom of the world distribution, but what is happening at the top is also of interest. In particular, the pattern of change reported by Bourguignon and Morrisson for the twentieth century contrasts with the evidence provided in this volume of sharp falls in top income shares over the Wrst three-quarters of the century in a number of OECD countries.

The number is now broadly back to its 1949 level. 2 Average weekly earnings of male manual workers from Feinstein (1972: table 65). For later years: 1965–68 from Department of Employment (1971: table 42, 1968; 1970–90), covering all workers, from Atkinson and Micklewright (1992: table BE1, 1991–2000), covering all workers, from OYce for National Statistics (2001), New Earnings Survey (2001: table A30). The gross income data are described in Chapter 4. Measuring Top Incomes: Methodological Issues 23 Top Incomes in a Global Perspective The analysis so far has considered the role of top incomes in a purely national context, but it is evident that the rich, or at least the super-rich, are global players.

This method has, however, the problem that the available information typically allows us to obtain more than one value for the exponent of the Pareto distribution, and hence diVerent interpolated values. The Pareto distribution can, for example, be Wtted to two points of the Lorenz curve, but there is then no assurance that the slopes at these points will be equal to the interval limits divided by the mean. In practice the method may work well, and the discrepancies may be small, but this depends on the nature of the distribution.

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