Common Trends and Shocks to Top Incomes: A Structural Breaks Approach
利用新整理的高收入数据和结构断点技术,估计20世纪各国不平等趋势的共同变化和断点,发现盎格鲁-撒克逊与欧洲大陆国家的分化并不明显,北欧国家尤其呈现类似盎格鲁-撒克逊的模式。
We use newly compiled top income data and structural breaks techniques to estimate common trends and breaks in inequality across countries over the twentieth century. Our results both confirm earlier findings and offer new insights. In particular, the division into an Anglo-Saxon and a Continental European experience is not as clear-cut as previously suggested. Some Continental European countries seem to have, experienced increases in top income shares, just as Anglo-Saxon countries have, but typically with a lag. Most notably, Nordic countries display a marked Anglo-Saxon pattern, with sharply increased top income shares, especially when including realized capital gains. Our results help inform theories about the causes of the recent rise in inequality. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.