Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries

Mehdi El Herradi (), Jakob Haan and Aurélien Leroy
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Jakob Haan: University of Groningen [Groningen]
Aurélien Leroy: UB - Université de Bordeaux

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Abstract: This paper examines the distributional implications of inflation on top income shares in 14 advanced economies using data over the period 1920–2016. We use local projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined as 5-year averages to examine the impact of inflation on the position of the top-one-percent in the long run. Our findings suggest that inflation reduces the share of national income held by the top 1 percent. Furthermore, we find that inflation shocks and long-run inflation have similar effects on top income shares.

Keywords: inflation; inequality; top income shares; income distribution (search for similar items in EconPapers)
Date: 2023-03
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Citations: View citations in EconPapers (1)

Published in Review of Income and Wealth, 2023, 69 (1), pp.170-194. ⟨10.1111/roiw.12580⟩

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Related works:
Journal Article: Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries (2023)
Working Paper: Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries (2022)
Working Paper: Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03613019

DOI: 10.1111/roiw.12580

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