EconPapers    
Economics at your fingertips  
 

From Soviets to oligarchs: inequality and property in Russia 1905-2016

Filip Novokmet (), Thomas Piketty () and Gabriel Zucman ()
Additional contact information
Filip Novokmet: Paris School of Economics

The Journal of Economic Inequality, 2018, vol. 16, issue 2, No 4, 189-223

Abstract: Abstract This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the Soviet period until the present day. We find that official survey-based measures vastly under-estimate the rise of inequality since 1990. According to our benchmark estimates, top income shares are now similar to (or higher than) the levels observed in the United States. We also find that inequality has increased substantially more in Russia than in China and other ex-communist countries in Eastern Europe. We relate this finding to the specific transition strategy followed in Russia. According to our benchmark estimates, the wealth held offshore by rich Russians is about three times larger than official net foreign reserves, and is comparable in magnitude to total household financial assets held in Russia.

Keywords: Income and wealth distribution; National income and wealth accounts; Russia (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10888-018-9383-0 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: From Soviets to oligarchs: inequality and property in Russia 1905-2016 (2018) Downloads
Working Paper: From Soviets to oligarchs: inequality and property in Russia 1905-2016 (2018)
Working Paper: From Soviets to Oligarchs: Inequality and Property in Russia 1905-2016 (2017) Downloads
Working Paper: From Soviets to Oligarchs: Inequality and Property in Russia, 1905-2016 (2017) Downloads
Working Paper: From Soviets to Oligarchs: Inequality and Property in Russia, 1905-2016 (2017) Downloads
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:kap:jecinq:v:16:y:2018:i:2:d:10.1007_s10888-018-9383-0

Ordering information: This journal article can be ordered from
http://www.springer. ... th/journal/10888/PS2

Access Statistics for this article

The Journal of Economic Inequality is currently edited by Stephen Jenkins

More articles in The Journal of Economic Inequality from Springer, Society for the Study of Economic Inequality Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-08-20
Handle: RePEc:kap:jecinq:v:16:y:2018:i:2:d:10.1007_s10888-018-9383-0