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Title: The Distribution of Top Incomes in Five Anglo-Saxon Countries Over the Long-Run      
dateReleased:
07-23-2013
downloadURL: http://hdl.handle.net/1902.1/21497
ID:
hdl:1902.1/21497
description:
Taking five Anglo-Saxon countries that have relatively similar backgrounds and tax systems – Australia, Canada, New Zealand, the UK, and the US – we see that the shares of the very richest exhibit a strikingly similar pattern, falling in the three decades after World War II, before rising sharply from the mid-1970s onwards. The share of the top 1 percent is highly correlated across Anglo-Saxon countries, more so than with the share of the next 4 percent. Controlling for country and year fixed effects, we find that a reduction in the marginal tax rate on wage income is associated with an increase in the share of the top percentile group. Likewise, a fall in the marginal tax rate on investment income (based on a lagged moving average) is associated with a rise in the share of the top percentile group.
description:
Atkinson, Tony; Leigh, Andrew, 2013, "The Distribution of Top Incomes in Five Anglo-Saxon Countries Over the Long-Run", http://hdl.handle.net/1902.1/21497, Harvard Dataverse, V1
name:
Atkinson, Tony
Leigh, Andrew
homePage: http://www.harvard.edu/
name:
Harvard University
ID:
SCR:011273
abbreviation:
DataVerse
homePage: http://thedata.org/
name:
Dataverse Network Project
ID:
SCR:001997