Top Income Shares in Greece: 1957-2010

Kostas Chrissis () and Alexandra Livada ()
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Kostas Chrissis: Athens University of Economics and Business (AUEB), Greece
Alexandra Livada: Athens University of Economics and Business (AUEB), Greece

Eurasian Journal of Economics and Finance, 2013, vol. 1, issue 2, 28-38

Abstract: This paper analyses the evolution of top income shares in Greece for the period 1957 to 2010 following Piketty (2001) methodology. We present the 10%, 5%, 2.5%, 2%, 1.5%, 1%, 0.5% and 0.1% income shares estimates which are based on tax statistics. The empirical results indicate that the behavior of the alternative estimated top income shares is quite similar. A ‘flat’ U-shaped pattern for most cases seems to exist. This common pattern is more apparent for the 2.5-0.1% top income shares. The top 10% and 5% income shares seem to be more volatile, accompanied with an increasing trend by the end of the period. This paper is an attempt to extend the existing research in southern Europe by presenting the relevant Greek experience. For the whole period, country comparisons show that the 1% top income share in Greece is in lower levels than that of USA and the other European countries (Italy, Portugal, Spain, France, Germany).

Keywords: Top Income Shares; Income Inequality; Greece (search for similar items in EconPapers)
Date: 2013
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