Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36787
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dc.contributor.authorAndrews, Danen_US
dc.contributor.authorJencks, Christopheren_US
dc.contributor.authorLeigh, Andrewen_US
dc.date.accessioned2010-05-05en_US
dc.date.accessioned2010-07-23T09:32:11Z-
dc.date.available2010-07-23T09:32:11Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36787-
dc.description.abstractPooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year. This relationship is not driven by changes in either educational attainment or top tax rates. If the increase in inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years for the cumulative positive effect of faster growth on the mean income of the bottom nine deciles to offset the negative effect of reducing their share of total income.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x4920en_US
dc.subject.jelD31en_US
dc.subject.jelN10en_US
dc.subject.jelO57en_US
dc.subject.ddc330en_US
dc.subject.keywordInequalityen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordincome distributionen_US
dc.subject.keywordnational incomeen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwSoziale Ungleichheiten_US
dc.subject.stwReichtumen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwVerteilungswirkungen_US
dc.subject.stwIndustriestaatenen_US
dc.titleDo rising top incomes lift all boats?en_US
dc.type|aWorking Paperen_US
dc.identifier.ppn625325001en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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