Browse by author
Lookup NU author(s): Professor Atanu Ghoshray
This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
© 2021, The Author(s). We analyse top income and wealth shares data, by conducting a robust estimation of trends, tests for structural breaks, and tests for determining persistence. We include Anglo-Saxon countries, continental Europe and Asian countries, grouped under different percentiles and deciles, spanning a period that is at least close to a century. We find that the top income shares for almost all countries are characterised by broken trends, or level shifts. The preponderance of trend breaks appears in the 1970s and 1980s where after a negative trend changes in magnitude or direction. Finally, shocks to the top income share data are not transitory, which have consequences for policy such as advocating redistributive measures.
Author(s): Ghoshray A, Malki I, Ordóñez J
Publication type: Article
Publication status: Published
Journal: Empirical Economics
Year: 2022
Volume: 62
Issue: 2
Pages: 375-408
Print publication date: 01/02/2022
Online publication date: 07/04/2021
Acceptance date: 09/03/2021
Date deposited: 26/11/2020
ISSN (print): 0377-7332
ISSN (electronic): 1435-8921
Publisher: Springer Nature
URL: https://doi.org/10.1007/s00181-021-02043-1
DOI: 10.1007/s00181-021-02043-1
Altmetrics provided by Altmetric