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Top Income Shares in Greece from Dictatorship to Crisis: 1967-2017

Franciscos Koutentakis () and Kostas Chrissis

No 2002, Working Papers from University of Crete, Department of Economics

Abstract: The paper calculates the top income shares in Greece from 1967 (the seizure of power by the military dictatorship) until 2017 (the aftermath of the debt crisis). This long-run perspective allows for the examination of the relationship between inequality and institutional transformations, namely democracy, finance and crisis. We find in particular that (a) transition to democracy did not affect the income share of the top decile, whereas social democracy had a significant negative impact (b) financial development and liberalization substantially increased all top decile shares (c) debt crisis, consolidation and recession were beneficial for the upper ranks of the top decile.

Keywords: inequality; Greece; top incomes (search for similar items in EconPapers)
JEL-codes: D3 O15 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2020-03-11
New Economics Papers: this item is included in nep-his
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