fall is almost entirely due to a dramatic drop in the top percentile explained mostly by decreases in capital income, while …. In the past decades top income shares evolve very differently depending on whether capital gains are included or not … capital gains, Sweden looks more like the continental European countries where top income shares have remained relatively …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden …. Using micro panel data to average incomes over longer periods and re-rank individuals according to income excluding capital … gains, we show that capital gains indeed are a reoccurring addition to rather than a transitory component in top incomes …

wealth concentration and decreasing capital incomes in the top of the distribution. Thereafter trends are more divergent …

, including realized capital gains seems important in these countries. Our results help inform theories about the causes of the …

derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well …-functioning external market for entrepreneurial effort, limited access to external capital and the complementarities between …