Andrews, Dan; Jencks, Christopher; Leigh, Andrew - Institute for the Study of Labor (IZA) - 2010
Pooling 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...