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