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Global Inequality Dynamics: New Findings from WID.world

Facundo Alvaredo (), Lucas Chancel, Thomas Piketty (), Emmanuel Saez () and Gabriel Zucman ()

No 23119, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: E01 H2 H5 J3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-ltv and nep-mac
Date: 2017-02
Note: PE
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Published as Facundo Alvaredo & Lucas Chancel & Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2017. "Global Inequality Dynamics: New Findings from WID.world," American Economic Review, American Economic Association, vol. 107(5), pages 404-409, May.

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