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Books > Social sciences > Sociology, social studies > Social groups & communities > Social classes > Social mobility
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Top Incomes - A Global Perspective (Paperback)
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Top Incomes - A Global Perspective (Paperback)
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A rapidly growing area of economic research investigates the top of
the income distribution using data from income tax records. In Top
Incomes: A Global Perspective New York Times best-selling author
Thomas Piketty and noted member of the Conseil d'Analyse
Economique, A. B. Atkinson brings together studies of top incomes
for twelve countries from around the world, including China, India,
Japan, Argentina and Indonesia. Together with the first volume,
published in 2007, the studies cover twenty two countries. They
have a long time span, the earliest data relating to 1875 (for
Norway), allowing recent developments to be placed in historical
perspective. The volume describes in detail the source data and the
methods employed. It will be an invaluable reference source for
researchers in the field. Individual country chapters deal with the
specific nature of the data for each of the countries, and describe
the long-term evolution of top income shares.
In the countries as a whole, dramatic changes have taken place at
the top of the income distribution. Over the first part of the
century, top income shares fell markedly. This largely took the
form of a reduction in capital incomes. The different authors
examine the impact of the First and Second World Wars, contrasting
countries that were and were not engaged. They consider the impact
of depressions and banking crises, and pay particular attention to
the impact of progressive taxation.
In the last 30 years, the shares of top incomes have increased
markedly in the US and other Anglo-Saxon countries, reflecting the
increased dispersion of earnings. The volume includes statistics on
the much-discussed top pay and bonuses, providing a global
perspective that discusses important differences between countries
such as the lesser increase in Continental Europe. This book,
together with volume 1, documents this interesting development and
explores the underlying causes. The findings are brought together
in a final summary chapter by Atkinson, Piketty and Saez.
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