Alvaredo, Facundo
[Author]
;
Saez, Emmanuel
[Other];
Zucman, Gabriel
[Other];
Chancel, Lucas
[Other];
Piketty, Thomas
[Other]National Bureau of Economic Research
imprint:
Cambridge, Mass: National Bureau of Economic Research, February 2017
Published in:NBER working paper series ; no. w23119
Extent:
1 Online-Ressource
Language:
English
DOI:
10.3386/w23119
Identifier:
Reproduction note:
Hardcopy version available to institutional subscribers
Origination:
Footnote:
Mode of access: World Wide Web
System requirements: Adobe [Acrobat] Reader required for PDF files
Description:
This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data