Roine, Jesper; Vlachos, Jonas; Waldenström, Daniel - Economics Institute for Research (SIR), … - 2007
This paper examines the long-run determinants of the evolution of top in-come shares. Using a newly assembled panel of … top incomes. This effect appears to be particularly strong during the early stages of a country’s development. Economic … 16 developed countries over the entire twentieth century, we find that financial development dis-proportionately boosts …