Immigration and the Top 1 Percent
利用英国纳税人行政数据,研究移民对英国顶层收入增长的贡献,发现移民在收入顶层占比过高,过去20年顶层1%收入份额的增长全部来自移民。
Abstract Using administrative data on the universe of U.K. taxpayers, we study the contribution of migrants to the rise in U.K. top incomes. We show that migrants are over-represented at the top of the income distribution, with migrants twice as prevalent in the top 0.01% as anywhere in the bottom 97% of taxpayers. These high incomes are predominantly from labor, rather than capital, and migrants are concentrated in only a handful of industries, predominantly finance. All of the observed growth in the U.K. top 1% income share over the past 20 years has accrued to migrants.