全球智库信息集成服务系统(G2TT): DP11759 Top wealth shares in the UK over more than a century

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP11759
	DP11759 Top wealth shares in the UK over more than a century
	Facundo Alvaredo; Anthony B Atkinson; Salvatore Morelli
发表日期	2017-01-09
出版年	2017
语种	英语
摘要	Recent research highlighted controversy about the evolution of concentration of personal wealth. In this paper we provide new evidence about the long-run evolution of top wealth shares for the United Kingdom. The new series covers a long period – from 1895 to the present – and has a different point of departure from the previous literature: the distribution of estates left at death. We find that the application to the estate data of mortality multipliers to yield estimates of wealth among the living does not substantially change the degree of concentration over much of the period both, in the UK and US, allowing inferences to be made for years when this method cannot be applied. The results show that wealth concentration in the UK remained relatively constant during the first wave of globalization, but then decreased dramatically in the period from 1914 to 1979. The UK went from being more unequal in terms of wealth than the US to being less unequal. However, the decline in UK wealth concentration came to an end around 1980, and since then there is evidence of an increase in top shares, notably in the distribution of wealth excluding housing in recent years. We investigate the triangulating evidence provided by data on capital income concentration and on reported super fortunes.
主题	Public Economics
关键词	Wealth inequality Estates Mortality multipliers United kingdom United states
URL	https://cepr.org/publications/dp11759
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/540573
推荐引用方式 GB/T 7714	Facundo Alvaredo,Anthony B Atkinson,Salvatore Morelli. DP11759 Top wealth shares in the UK over more than a century. 2017.