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Global Inequality Dynamics: New Findings from WID.world

Facundo Alvaredo (), Lucas Chancel, Thomas Piketty (), Emmanuel Saez () and Gabriel Zucman ()
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Lucas Chancel: PSE - Paris School of Economics - ENPC - École des Ponts ParisTech - ENS Paris - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique - EHESS - École des hautes études en sciences sociales - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, WIL - World Inequality Lab

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Abstract: This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data.

Keywords: United States; Inequality; inequality dynamics; top income; wealth share; DINA; Distributional National Accounts; China; France; United Kingdom World Inequality Lab (search for similar items in EconPapers)
Date: 2017
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-02658753
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Journal Article: Global Inequality Dynamics: New Findings from WID.world (2017) Downloads
Working Paper: Global Inequality Dynamics: New Findings from WID.world (2017)
Working Paper: Global Inequality Dynamics: New Findings from WID.world (2017)
Working Paper: Global Inequality Dynamics: New Findings from WID.world (2017) Downloads
Working Paper: Global Inequality Dynamics: New Findings from WID.world (2017) Downloads
Working Paper: Global Inequality Dynamics: New Findings from WID.world (2017) Downloads
Working Paper: Global Inequality Dynamics: New Findings from WID.world (2017) Downloads
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