Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006

This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This contributed to the well-known increase in the top 1 percent's share of total income, exacerbating rising inequality...

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Main Authors:	Atkinson, Anthony B., Lakner, Christoph
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2017
Subjects:	INEQUALITY FACTOR INCOMES TOP INCOMES THE ONE PERCENT WEALTHY MARGINAL TAX RATES
Online Access:	http://documents.worldbank.org/curated/en/260871513017553079/Capital-and-labor-the-factor-income-composition-of-top-incomes-in-the-United-States-1962-2006 http://hdl.handle.net/10986/29004

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recordtype	oai_dc
spelling	okr-10986-290042021-06-14T10:10:47Z Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006 Atkinson, Anthony B. Lakner, Christoph INEQUALITY FACTOR INCOMES TOP INCOMES THE ONE PERCENT WEALTHY MARGINAL TAX RATES This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This contributed to the well-known increase in the top 1 percent's share of total income, exacerbating rising inequality in capital incomes and earnings. The paper shows that the trend in the association is U-shaped, as the recent increase contrasts with a tendency toward a weakening association until the 1980s. The paper uses data derived from tax records, studies the asymmetries in the association, tests for robustness to alternative income definitions, and discusses the potential role of declining top marginal tax rates. 2017-12-15T16:29:30Z 2017-12-15T16:29:30Z 2017-12 Working Paper http://documents.worldbank.org/curated/en/260871513017553079/Capital-and-labor-the-factor-income-composition-of-top-incomes-in-the-United-States-1962-2006 http://hdl.handle.net/10986/29004 English Policy Research Working Paper;No. 8268 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper United States
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INEQUALITY FACTOR INCOMES TOP INCOMES THE ONE PERCENT WEALTHY MARGINAL TAX RATES
spellingShingle	INEQUALITY FACTOR INCOMES TOP INCOMES THE ONE PERCENT WEALTHY MARGINAL TAX RATES Atkinson, Anthony B. Lakner, Christoph Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006
geographic_facet	United States
relation	Policy Research Working Paper;No. 8268
description	This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This contributed to the well-known increase in the top 1 percent's share of total income, exacerbating rising inequality in capital incomes and earnings. The paper shows that the trend in the association is U-shaped, as the recent increase contrasts with a tendency toward a weakening association until the 1980s. The paper uses data derived from tax records, studies the asymmetries in the association, tests for robustness to alternative income definitions, and discusses the potential role of declining top marginal tax rates.
format	Working Paper
author	Atkinson, Anthony B. Lakner, Christoph
author_facet	Atkinson, Anthony B. Lakner, Christoph
author_sort	Atkinson, Anthony B.
title	Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006
title_short	Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006
title_full	Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006
title_fullStr	Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006
title_full_unstemmed	Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006
title_sort	capital and labor : the factor income composition of top incomes in the united states, 1962-2006
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/260871513017553079/Capital-and-labor-the-factor-income-composition-of-top-incomes-in-the-United-States-1962-2006 http://hdl.handle.net/10986/29004
_version_	1764468247369875456

Capital and Labor : The Factor Income Composition of Top Incomes in the United States, 1962-2006

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