• Media type: Report; E-Book
  • Title: Importing Inequality: Immigration and the Top 1 Percent
  • Contributor: Advani, Arun [Author]; Koenig, Felix [Author]; Pessina, Lorenzo [Author]; Summers, Andy [Author]
  • Published: Munich: Center for Economic Studies and Ifo Institute (CESifo), 2020
  • Language: English
  • Keywords: J30 ; J60 ; H20
  • Origination:
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  • Description: In this paper we study the contribution of migrants to the rise in UK top incomes. Using administrative data on the universe of UK taxpayers we show migrants are over-represented at the top of the income distribution, with migrants twice as prevalent in the top 0.1% as anywhere in the bottom 97%. These high incomes are predominantly from labour, rather than capital, and migrants are concentrated in only a handful of industries, predominantly finance. Almost all (85%) of the growth in the UK top 1% income share over the past 20 years can be attributed to migration.
  • Access State: Open Access