Immigration and the top 1 percent

Arun Advani, Felix Koenig, Lorenzo Pessina and Andy Summers

No 22-061, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: We study the contribution of migrants to the rise in UK top incomes. Using administrative data on the universe of UK taxpayers, we show migrants are over-represented at the top of the income distribution, with migrants twice as prevalent in the top 0.01% as anywhere in the bottom 97%. These high incomes are predominantly from labour, rather than capital, and migrants are concentrated in only a handful of industries, predominantly finance. Almost all (90%) of the observed growth in the UK top 1% income share over the past 20 years has accrued to migrants.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:22061

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