Capital and labor : the factor income composition of top incomes in the United States, 1962-2006 (English)

This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This contributed to the well-known increase in the top 1 percent's share of total income, exacerbating rising inequality in capital incomes and earnings. The paper shows that the trend in the association is U-shaped, as the recent increase contrasts with a tendency toward a weakening association until the 1980s. The paper uses...

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Author

Atkinson,Anthony B.;

Lakner,Christoph;
Document Date
2017/12/11
Document Type
Policy Research Working Paper
Report Number
WPS8268
Volume No
1
Total Volume(s)
1
Country
United States,
Region
Other,
Disclosure Date
2017/12/11
Disclosure Status
Disclosed
Doc Name
Capital and labor : the factor income composition of top incomes in the United States, 1962-2006
Keywords
capital income

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Citation

Atkinson,Anthony B.; Lakner,Christoph.

Capital and labor : the factor income composition of top incomes in the United States, 1962-2006 (English). Policy Research working paper|no. WPS 8268 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/260871513017553079

Capital and labor : the factor income composition of top incomes in the United States, 1962-2006 (English)

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