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dc.contributor.author
Gonzalez Alvaredo, Facundo
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dc.contributor.author
Atkinson Abutridy, John Anthony
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dc.contributor.author
Morelli, Salvatore
dc.date.available
2019-10-31T18:58:14Z
dc.date.issued
2018-06
dc.identifier.citation
Gonzalez Alvaredo, Facundo; Atkinson Abutridy, John Anthony; Morelli, Salvatore; Top wealth shares in the UK over more than a century; Elsevier; Journal of Public Economics; 162; 6-2018; 26-47
dc.identifier.issn
0047-2727
dc.identifier.uri
http://hdl.handle.net/11336/87759
dc.description.abstract
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: we start with the analysis of 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.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Elsevier
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dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
dc.subject
ESTATES
dc.subject
MORTALITY MULTIPLIERS
dc.subject
UNITED KINGDOM
dc.subject
UNITED STATES
dc.subject
WEALTH INEQUALITY
dc.subject.classification
Economía, Econometría
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
Top wealth shares in the UK over more than a century
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2019-10-16T17:37:09Z
dc.identifier.eissn
1879-2316
dc.journal.volume
162
dc.journal.pagination
26-47
dc.journal.pais
Países Bajos
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dc.journal.ciudad
Amsterdam
dc.description.fil
Fil: Gonzalez Alvaredo, Facundo. Ecole D'economie de Paris; Francia. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Instituto Interdisciplinario de Economía Política de Buenos Aires. Universidad de Buenos Aires. Facultad de Ciencias Económicas. Instituto Interdisciplinario de Economía Política de Buenos Aires; Argentina
dc.description.fil
Fil: Atkinson Abutridy, John Anthony. London School Of Economics And Political Science;
dc.description.fil
Fil: Morelli, Salvatore. City University of New York; Estados Unidos
dc.journal.title
Journal of Public Economics
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.jpubeco.2018.02.008
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0047272718300288
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