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Importing inequality: Immigration and the Top 1 percent

Arun Advani, Felix Koenig, Lorenzo Pessina and Andy Summers
Additional contact information
Felix Koenig: Heinz College, Carnegie Mellon University
Lorenzo Pessina: Department of Economics, Columbia University
Andy Summers: Department of Law, London School of Economics

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: In this paper we study the contribution of migrants to the rise in UK top incomes. Using administrative data on the universe of UK taxpayers we show migrants are over-represented at the top of the income distribution, with migrants twice as prevalent in the top 0.1% as anywhere in the bottom 97%. These high incomes are predominantly from labour, rather than capital, and migrants are concentrated in only a handful of industries, predominantly finance. Almost all (85%) of the growth in the UK top 1% income share over the past 20 years can be attributed to migration. JEL codes: H2, J3, J6

Date: 2020
New Economics Papers: this item is included in nep-lma and nep-ure
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https://warwick.ac.uk/fac/soc/economics/research/w ... rp_1305_-_advani.pdf

Related works:
Working Paper: Importing inequality: immigration and the top 1 percent (2020) Downloads
Working Paper: Importing Inequality: Immigration and the Top 1 Percent (2020) Downloads
Working Paper: Importing Inequality: Immigration and the Top 1 percent (2020) Downloads
Working Paper: Importing Inequality: Immigration and the Top 1 Percent (2020) Downloads
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