Between communism and capitalism: long-term inequality in Poland, 1892–2015
Pawel Bukowski and
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
We construct the first consistent series on the long-term distribution of income in Poland by combining tax, household survey and national accounts data. We document a U-shaped evolution of inequalities from the end of the nineteenth century until today: (1) inequality was high before WWII; (2) abruptly fell after the introduction of communism in 1947 and stagnated at low levels during the whole communist period; (3) experienced a sharp rise with the return to capitalism in 1989. We find that official survey-based measures strongly under-estimate the rise in inequality since 1989. Our results highlight the prominent role of capital income in driving the U-shaped evolution of top income shares. The unique inequality history of Poland speaks to the central role of institutions and policies in shaping inequality in the long run.
Keywords: income inequality; transformation; Poland; 724363; 340831; Springer (search for similar items in EconPapers)
JEL-codes: D31 E01 N34 (search for similar items in EconPapers)
Pages: 53 pages
New Economics Papers: this item is included in nep-cwa, nep-his, nep-mac and nep-tra
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Published in Journal of Economic Growth, 2, June, 2021, 26(2), pp. 187 – 239. ISSN: 1381-4338
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:110221
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