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Global Inequality Dynamics: New Findings from WID.world

Facundo Alvaredo, Lucas Chancel, Thomas Piketty (), Emmanuel Saez () and Gabriel Zucman ()

American Economic Review, 2017, vol. 107, issue 5, 404-09

Abstract: This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data.

JEL-codes: D31 D63 D72 O15 O17 O43 P36 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.1257/aer.p20171095
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