 What Accounts for the Rising Share of Women in the Top 1%?Richard V. Burkhauser, Nicolas Herault, Stephen Jenkins and Roger Wilkins () No wdt2r_v1, SocArXiv from Center for Open Science Abstract: The share of women in the top 1% of the UK’s income distribution has been growing over the last two decades (as in several other countries). Our first contribution is to account for this secular change using regressions of the probability of being in the top 1%, fitted separately for men and women, in order to contrast between the sexes the role of changes in characteristics and changes in returns to characteristics. We show that the rise of women in the top 1% is primarily accounted for by their greater increases (relative to men) in the number of years spent in full-time education. Although most top income analysis uses tax return data, we derive our findings taking advantage of the much more extensive information about personal characteristics that is available in survey data. Our use of survey data requires justification given survey under-coverage of top incomes. Providing this justification is our second contribution. (Stone Center on Socio-Economic Inequality Working Paper) Date: 2020-07-06 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:wdt2r_v1 Access Statistics for this paper More papers in SocArXiv from Center for Open Science |
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