Homoploutia: top labor and capital incomes in the United States, 1950–2020

Yonatan Berman and Branko Milanovic

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Homoploutia describes the situation in which the same people are rich in the space of capital and labor income. We combine survey and administrative data to document the evolution of homoploutia in the United States since 1950. In 1950, 10 percent of top decile capital-income earners were also in the top decile of labor income. Today, this indicator is 30 percent. This makes the traditional division to capitalists and laborers less relevant today. We find that the increase in homoploutia accounts for 20 percent of the increase in interpersonal income inequality since 1986.

Keywords: political economy; homoploutia; income inequality (search for similar items in EconPapers)
JEL-codes: D31 J01 P16 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2023-10-03
New Economics Papers: this item is included in nep-his and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Review of Income and Wealth, 3, October, 2023. ISSN: 0034-6586

Downloads: (external link)
http://eprints.lse.ac.uk/123639/ Open access version. (application/pdf)

Related works:
Working Paper: Homoploutia: Top Labor and Capital Incomes in the United States, 1950-2020 (2020)
Working Paper: Homoploutia: Top Labor and Capital Incomes in the United States, 1950-2020 (2020)
Working Paper: Homoploutia: Top Labor and Capital Incomes in the United States, 1950-2020 (2020)
Working Paper: Homoploutia: Top Labor and Capital Incomes in the United States, 1950—2020 (2020)
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:ehl:lserod:123639

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().