Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries
Language
EN
Article de revue
This item was published in
Review of Income and Wealth. 2022-03-01
English Abstract
This paper examines the distributional implications of inflation on top income shares in 14 advanced economies using data over the period 1920–2016. We use local projections to analyze how top income shares respond to an ...Read more >
This paper examines the distributional implications of inflation on top income shares in 14 advanced economies using data over the period 1920–2016. We use local projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined as 5-year averages to examine the impact of inflation on the position of the top-one-percent in the long run. Our findings suggest that inflation reduces the share of national income held by the top 1 percent. Furthermore, we find that inflation shocks and long-run inflation have similar effects on top income sharesRead less <
English Keywords
inflation
inequality
top income shares
income distribution
ANR Project
Aix-Marseille School of Economics - ANR-17-EURE-0020