Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries

Mehdi El Herradi (), Jakob Haan and Aurélien Leroy

Review of Income and Wealth, 2023, vol. 69, issue 1, 170-194

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 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 shares.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/roiw.12580

Related works:
Working Paper: Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries (2023)
Working Paper: Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries (2022)
Working Paper: Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:revinw:v:69:y:2023:i:1:p:170-194

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().